Sit Investment Associates Inc. Acquires 766,863 Shares of TCW Strategic Income Fund, Inc. $TSI

Sit Investment Associates Inc. increased its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,208,852 shares of the financial services provider’s stock after purchasing an additional 766,863 shares during the quarter. TCW Strategic Income Fund makes up 1.0% of Sit Investment Associates Inc.’s portfolio, making the stock its 23rd largest holding. Sit Investment Associates Inc. owned approximately 21.37% of TCW Strategic Income Fund worth $50,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSI. Focus Partners Wealth bought a new position in TCW Strategic Income Fund in the first quarter worth $50,000. Concurrent Investment Advisors LLC bought a new position in TCW Strategic Income Fund in the fourth quarter worth $51,000. Private Advisor Group LLC bought a new position in TCW Strategic Income Fund in the third quarter worth $68,000. Corient Private Wealth LLC bought a new position in TCW Strategic Income Fund in the second quarter worth $82,000. Finally, PNC Financial Services Group Inc. lifted its position in TCW Strategic Income Fund by 16.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 3,546 shares during the period. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Down 0.2%

Shares of TSI stock opened at $4.49 on Friday. TCW Strategic Income Fund, Inc. has a one year low of $4.43 and a one year high of $5.06. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.71.

TCW Strategic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0283 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

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.