SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

March 11, 2010 17:00 ET

TCW Strategic Income Fund Declares Quarterly Distribution

LOS ANGELES, CA--(Marketwire - March 11, 2010) - The TCW Strategic Income Fund, Inc (NYSE: TSI) announced that its Board of Directors declared a quarterly distribution of $0.0835. The distribution is payable on April 16, 2010 to shareholders of record on March 31, 2010. The distribution is $0.02 per share greater than the quarterly distribution announced in March 2009.

The 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. It is estimated that substantially all of the dividend 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 $243 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 over $115 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 www.tcw.com.

Contact Information

  • Contact:

    Erin K. Freeman
    Managing Director, Corporate Communications
    (213) 244-0464
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