1607 Capital Partners LLC Reduces Stock Position in TCW Strategic Income Fund, Inc. $TSI

1607 Capital Partners LLC trimmed its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,377,434 shares of the financial services provider’s stock after selling 207,900 shares during the period. 1607 Capital Partners LLC owned about 4.98% of TCW Strategic Income Fund worth $11,697,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSI. Focus Partners Wealth purchased a new position in TCW Strategic Income Fund during the 1st quarter valued at about $50,000. MB Generational Wealth LLC purchased a new stake in TCW Strategic Income Fund in the 3rd quarter worth approximately $63,000. Private Advisor Group LLC purchased a new stake in TCW Strategic Income Fund in the 3rd quarter worth approximately $68,000. Corient Private Wealth LLC bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth approximately $82,000. Finally, Allworth Financial LP bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth approximately $112,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

TSI opened at $4.61 on Friday. The stock’s 50 day moving average price is $4.77 and its 200-day moving average price is $4.88. TCW Strategic Income Fund, Inc. has a 52-week low of $4.57 and a 52-week high of $5.06.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.0283 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. 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.

Insider Transactions at TCW Strategic Income Fund

In related news, Director Peter Mcmillan acquired 179,522 shares of TCW Strategic Income Fund stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $4.73 per share, with a total value of $849,139.06. Following the transaction, the director owned 200,000 shares in the company, valued at $946,000. This trade represents a 876.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 257,390 shares of company stock worth $1,212,712. 0.23% of the stock is currently owned by insiders.

TCW Strategic Income Fund Company Profile

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.