TCW Strategic Income Fund (NYSE:TSI) Director Acquires $232,000.00 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $4.64 per share, for a total transaction of $232,000.00. Following the acquisition, the director owned 300,000 shares in the company, valued at $1,392,000. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Peter Mcmillan also recently made the following trade(s):

• On Friday, February 13th, Peter Mcmillan bought 17,390 shares of TCW Strategic Income Fund stock. The stock was purchased at an average cost of $4.71 per share, with a total value of $81,906.90.
• On Thursday, February 12th, Peter Mcmillan bought 179,522 shares of TCW Strategic Income Fund stock. The stock was purchased at an average price of $4.73 per share, with a total value of $849,139.06.
• On Wednesday, February 11th, Peter Mcmillan purchased 10,478 shares of TCW Strategic Income Fund stock. The shares were purchased at an average cost of $4.74 per share, for a total transaction of $49,665.72.

TCW Strategic Income Fund Price Performance

TCW Strategic Income Fund stock opened at $4.64 on Monday. The business has a 50 day moving average of $4.87 and a 200-day moving average of $4.91. TCW Strategic Income Fund, Inc. has a 1 year low of $4.58 and a 1 year high of $5.06.

TCW Strategic Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.0283 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. grew its position in shares of TCW Strategic Income Fund by 8.1% in the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock valued at $50,432,000 after buying an additional 766,863 shares during the last quarter. JP Wealth Management Inc. lifted its stake in shares of TCW Strategic Income Fund by 7.7% in the fourth quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock worth $15,993,000 after acquiring an additional 231,451 shares during the period. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund in the fourth quarter worth approximately $7,263,000. Diversified Management Inc. bought a new stake in TCW Strategic Income Fund in the fourth quarter valued at approximately $5,002,000. Finally, Riverbridge Partners LLC increased its position in TCW Strategic Income Fund by 19.9% during the 4th quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 34,639 shares during the period. 35.22% of the stock is owned by institutional investors.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.