SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

December 15, 2011 17:59 ET

TCW Strategic Income Fund Declares Quarterly Distribution and Special Distribution

LOS ANGELES, CA--(Marketwire - Dec 15, 2011) - TCW Strategic Income Fund, Inc (NYSE: TSI) announced that its Board of Directors declared a quarterly distribution of $0.0966 and a special year-end distribution of $0.5060 per share. The distributions are payable on January 13, 2012 to shareholders of record on December 30, 2011.

The quarterly distribution is based on the managed distribution policy which is to make a quarterly distribution equal to 7% per annum of the Fund's prior year-end net asset value per share stated in the audited annual report. As a registered investment company, the Fund is required under Internal Revenue Service regulations to distribute substantially all of its net taxable income to its shareholders by the end of the year. The Fund's investment strategy has generated more than the 7% payout and, therefore, the Board is pleased to announce the special distribution. It is estimated that all of both distributions will be from net income. Distribution policies are a matter of Board discretion and may be modified or terminated at any time without prior notice.

TSI is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $265 million.

Various matters discussed in this news release constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including general economic conditions, overall availability of certain types of securities for investment by the Fund, the level of volatility in the securities markets and in the share price of the Fund, and other risk factors outlined in the Fund's SEC Filings

About TCW
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 $118 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. TCW is a subsidiary of Société Générale. For more information, please refer to

Contact Information

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    Peter Viles
    Managing Director, Corporate Communications
    (213) 244-0509