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

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $4.64 per share, with a total value of $232,000.00. Following the completion of the acquisition, the director directly owned 300,000 shares of the company’s stock, valued at $1,392,000. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 stock was purchased at an average price of $4.71 per share, with a total value of $81,906.90.
• On Thursday, February 12th, Peter Mcmillan bought 179,522 shares of TCW Strategic Income Fund stock. The shares were acquired at an average price of $4.73 per share, for a total transaction of $849,139.06.
• On Wednesday, February 11th, Peter Mcmillan bought 10,478 shares of TCW Strategic Income Fund stock. The shares were acquired at an average cost of $4.74 per share, with a total value of $49,665.72.

TCW Strategic Income Fund Price Performance

TSI opened at $4.64 on Friday. TCW Strategic Income Fund, Inc. has a 12 month low of $4.58 and a 12 month high of $5.06. The business has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $4.91.

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 issued a $0.0283 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Trading of TCW Strategic Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in TSI. &PARTNERS purchased a new stake in TCW Strategic Income Fund during the fourth quarter worth about $71,000. Seven Mile Advisory lifted its position in shares of TCW Strategic Income Fund by 6.8% during the 4th quarter. Seven Mile Advisory now owns 114,997 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 7,297 shares during the period. Focus Partners Wealth purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $7,263,000. Integrated Wealth Concepts LLC boosted its stake in shares of TCW Strategic Income Fund by 144.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 77,756 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 45,900 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its holdings in shares of TCW Strategic Income Fund by 8.1% in the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock worth $50,432,000 after acquiring an additional 766,863 shares during the period. 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.