Peter Mcmillan Buys 50,000 Shares of TCW Strategic Income Fund (NYSE:TSI) Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $4.64 per share, with a total value of $232,000.00. Following the completion of the purchase, the director directly owned 300,000 shares of the company’s stock, valued at approximately $1,392,000. This represents a 20.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 13th, Peter Mcmillan acquired 17,390 shares of TCW Strategic Income Fund stock. The shares were purchased 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 purchased at an average cost 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 price of $4.74 per share, with a total value of $49,665.72.

TCW Strategic Income Fund Stock Performance

Shares of TSI stock remained flat at $4.64 on Friday. The company had a trading volume of 172,441 shares, compared to its average volume of 207,157. The stock’s fifty day moving average is $4.87 and its two-hundred day moving average is $4.92. TCW Strategic Income Fund, Inc. has a twelve month low of $4.58 and a twelve month 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 issued a $0.0283 dividend. This is a boost from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Investors Weigh In On TCW Strategic Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Focus Partners Wealth acquired a new position in TCW Strategic Income Fund in the first quarter valued at approximately $50,000. Concurrent Investment Advisors LLC bought a new stake in shares of TCW Strategic Income Fund in the 4th quarter worth approximately $51,000. MB Generational Wealth LLC acquired a new position in TCW Strategic Income Fund during the 3rd quarter valued at approximately $63,000. Private Advisor Group LLC acquired a new position in TCW Strategic Income Fund during the 3rd quarter valued at approximately $68,000. Finally, &PARTNERS acquired a new stake in TCW Strategic Income Fund in the fourth quarter worth $71,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.