SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

June 16, 2009 18:45 ET

TCW Strategic Income Fund Declares Quarterly Distribution

LOS ANGELES, CA--(Marketwire - June 16, 2009) - TCW Strategic Income Fund, Inc. (NYSE: TSI) announced that its Board of Directors declared a quarterly distribution of $0.0635. The distribution is payable on July 10, 2009 to shareholders of record on June 30, 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 $187 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.

Contact Information

  • Contact:

    TCW Strategic Income Fund, Inc.
    Myles Bozinovski
    (213) 244-0959