TCW Strategic Income Fund Announces Quarterly Distribution
TCW Strategic Income Fund, a publicly-traded closed-end fund, recently announced a quarterly distribution of $0.065 per share. This distribution is payable to shareholders of record as of March 31, 2025, with the payable date set for April 11, 2025.
Distribution Policy
The distribution policy for TCW Strategic Income Fund was approved by the Board of Directors in December 2013. The policy allows for the payment of distributions out of the Fund’s accumulated net investment income and/or other sources, subject to the requirements of the Investment Company Act of 1940.
Impact on Shareholders
For shareholders, this distribution represents a regular source of income. The payment of the distribution does not reduce the net asset value of the Fund or the number of shares outstanding. However, it is important to note that distributions are not guaranteed and may vary from quarter to quarter.
Impact on the World
The impact of this distribution on the world at large is minimal. Closed-end funds like TCW Strategic Income Fund are primarily of interest to institutional and individual investors seeking income and capital appreciation. The distribution does not directly affect the broader economy, although it may contribute to overall market liquidity by providing cash to shareholders.
Additional Information
According to other online sources, TCW Strategic Income Fund invests primarily in below investment grade debt securities and other income-producing securities. The Fund’s investment objective is to provide a high level of current income consistent with preservation of capital. The distribution announced represents approximately 7.3% of the Fund’s net asset value as of February 28, 2025.
Conclusion
In conclusion, TCW Strategic Income Fund’s announcement of a quarterly distribution of $0.065 per share is a significant event for shareholders, who will receive a regular source of income. The distribution policy, which allows for payments out of accumulated net investment income and other sources, is in line with the requirements of the Investment Company Act of 1940. The impact of this distribution on the world at large is minimal, as it primarily affects institutional and individual investors seeking income and capital appreciation. For more information about TCW Strategic Income Fund and its investment strategy, please visit the fund’s website or consult with a financial advisor.
- TCW Strategic Income Fund announces quarterly distribution of $0.065 per share
- Payment to be made to shareholders of record on March 31, 2025, with payable date of April 11, 2025
- Distribution policy approved by Board of Directors in December 2013
- Impact on shareholders: regular source of income, no reduction in net asset value or number of shares outstanding
- Impact on the world: minimal, primarily affects income-seeking investors
