TCW Strategic Income Fund (NYSE:TSI) Director Buys $81,906.90 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan acquired 17,390 shares of TCW Strategic Income Fund stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average cost of $4.71 per share, with a total value of $81,906.90. Following the purchase, the director owned 217,390 shares of the company’s stock, valued at $1,023,906.90. This represents a 8.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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, for a total transaction of $849,139.06.
• On Wednesday, February 11th, Peter Mcmillan purchased 10,478 shares of TCW Strategic Income Fund stock. The stock was purchased at an average cost of $4.74 per share, with a total value of $49,665.72.

TCW Strategic Income Fund Stock Up 0.4%

Shares of TSI traded up $0.02 during mid-day trading on Friday, reaching $4.73. 626,732 shares of the stock traded hands, compared to its average volume of 169,158. TCW Strategic Income Fund, Inc. has a 1 year low of $4.58 and a 1 year high of $5.06. The firm has a fifty day moving average price of $4.89 and a 200 day moving average price of $4.92.

TCW Strategic Income Fund Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its position in TCW Strategic Income Fund by 4.4% during the fourth quarter. HighTower Advisors LLC now owns 64,953 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 2,757 shares during the last quarter. Intellus Advisors LLC raised its position in shares of TCW Strategic Income Fund by 6.0% during the 2nd quarter. Intellus Advisors LLC now owns 49,754 shares of the financial services provider’s stock valued at $243,000 after buying an additional 2,836 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TCW Strategic Income Fund by 16.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 3,546 shares during the last quarter. Riverbridge Partners LLC grew its position in TCW Strategic Income Fund by 2.5% in the third quarter. Riverbridge Partners LLC now owns 174,353 shares of the financial services provider’s stock worth $858,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Bank of America Corp DE grew its position in TCW Strategic Income Fund by 13.6% in the second quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 5,001 shares in the last quarter. 35.22% of the stock is currently owned by institutional investors.

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.