SOURCE: The TCW Group, Inc.
LOS ANGELES, CA--(Marketwire - Oct 10, 2012) - TCW Strategic Income Fund, Inc. (NYSE: TSI) announces a Special Meeting of Shareholders ("Meeting") to be held on Wednesday, November 28, 2012 at 9:00 a.m. Pacific time at The LA Hotel Downtown located at 333 S. Figueroa Street, Los Angeles, California 90071, for the following purposes:
1. To approve a new investment advisory and management agreement ("New Agreement") between TSI and TCW Investment Management Company ("TIMCO"), TSI's current investment adviser; and
2. To transact such other business as may properly come before the Meeting or any adjournments thereof.
TIMCO currently serves as the investment adviser to TSI under an Investment Advisory and Management Agreement ("Current Agreement") that is expected to automatically terminate as a result of its deemed "assignment" under the Investment Company Act of 1940, as amended. The expected change in ownership of The TCW Group, Inc., the parent company of TIMCO, would technically cause that assignment and subsequent termination (See TCW Press Release, August 16, 2012). The New Agreement has substantively the same terms as the Current Agreement, including the same fees and services. Subject to shareholder approval of the New Agreement, TIMCO would continue to act as the investment adviser to TSI, with no break in the continuity of its investment advisory services to TSI.
Shareholders of record of TSI at the close of business on October 1, 2012 are entitled to notice of, and to vote on, the proposal at the Meeting or any adjournment thereof. TSI anticipates that proxy materials will be sent to shareholders on or about October 15, 2012.
The TCW Strategic Income Fund is a closed-end fund listed on the New York Stock Exchange. TSI began operations in March 1987 and has net assets of approximately $273 million.
Founded in 1971, The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $135 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. For more information, please refer to www.tcw.com.