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

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

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

• On Thursday, February 12th, Peter Mcmillan purchased 179,522 shares of TCW Strategic Income Fund stock. The stock was acquired at an average price of $4.73 per share, for a total transaction of $849,139.06.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI traded down $0.02 during trading on Thursday, hitting $4.72. The company had a trading volume of 935,594 shares, compared to its average volume of 153,373. TCW Strategic Income Fund, Inc. has a 52 week low of $4.58 and a 52 week high of $5.06. The business’s 50-day moving average is $4.90 and its 200 day moving average is $4.93.

TCW Strategic Income Fund Increases Dividend

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

Institutional Trading of TCW Strategic Income Fund

A number of hedge funds have recently bought and sold shares of the company. Focus Partners Wealth purchased a new position in shares of TCW Strategic Income Fund in the first quarter worth approximately $50,000. Concurrent Investment Advisors LLC acquired a new stake in TCW Strategic Income Fund during the 4th quarter valued at $51,000. MB Generational Wealth LLC acquired a new stake in TCW Strategic Income Fund during the 3rd quarter valued at $63,000. Private Advisor Group LLC purchased a new stake in shares of TCW Strategic Income Fund in the third quarter valued at $68,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of TCW Strategic Income Fund in the second quarter worth $82,000. 35.22% of the stock is owned by hedge funds and other 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.