TCW Strategic Income Fund (NYSE:TSI) Director Peter Mcmillan Buys 17,390 Shares of Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan bought 17,390 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average price of $4.71 per share, for a total transaction of $81,906.90. Following the completion of the acquisition, the director directly owned 217,390 shares in the company, valued at approximately $1,023,906.90. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 shares were bought 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 bought at an average price of $4.74 per share, with a total value of $49,665.72.

TCW Strategic Income Fund Price Performance

Shares of TSI opened at $4.73 on Friday. The business’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.92. TCW Strategic Income Fund, Inc. has a 1-year low of $4.58 and a 1-year high of $5.06.

TCW Strategic Income Fund Increases Dividend

The company 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 dividend of $0.0283 per share. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Wednesday, April 15th.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of TCW Strategic Income Fund in the first quarter valued at $50,000. Whipplewood Advisors LLC purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth about $772,000. Allworth Financial LP purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth about $112,000. Intellus Advisors LLC boosted its position in 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 worth $243,000 after acquiring an additional 2,836 shares during the period. Finally, Jane Street Group LLC purchased a new position in TCW Strategic Income Fund during the 2nd quarter valued at about $343,000. 35.22% of the stock is currently 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.