Peter Mcmillan Acquires 10,478 Shares of TCW Strategic Income Fund (NYSE:TSI) Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan acquired 10,478 shares of TCW Strategic Income Fund stock in a transaction on Wednesday, February 11th. The shares were bought at an average price of $4.74 per share, with a total value of $49,665.72. Following the completion of the transaction, the director directly owned 20,478 shares of the company’s stock, valued at $97,065.72. This trade represents a 104.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 bought at an average price of $4.71 per share, for a total transaction of $81,906.90.
• On Thursday, February 12th, Peter Mcmillan bought 179,522 shares of TCW Strategic Income Fund stock. The shares were bought at an average cost of $4.73 per share, with a total value of $849,139.06.

TCW Strategic Income Fund Stock Up 0.4%

Shares of TCW Strategic Income Fund stock opened at $4.73 on Friday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.58 and a twelve month high of $5.06. The firm’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.92.

TCW Strategic Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a $0.0283 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. This is a boost from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date is Wednesday, April 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSI. Focus Partners Wealth acquired a new stake in TCW Strategic Income Fund during the 1st quarter worth $50,000. Concurrent Investment Advisors LLC purchased a new position in shares of TCW Strategic Income Fund in the fourth quarter worth about $51,000. MB Generational Wealth LLC purchased a new position in shares of TCW Strategic Income Fund in the third quarter worth about $63,000. Private Advisor Group LLC acquired a new position in TCW Strategic Income Fund during the third quarter worth about $68,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund in the second quarter valued at approximately $82,000. 35.22% of the stock is owned by institutional investors and hedge funds.

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.