LOS ANGELES--(BUSINESS WIRE)--Headline of release issued March 14, 2014, at 9:18 p.m. PT/March 15, 2014, at 12:18 a.m. ET should read: TCW Strategic Income Fund Announces 1st Quarter Distribution (sted TCW Strategic Income Fund Announces 4th Quarter Distribution).
The corrected release reads:
TCW STRATEGIC INCOME FUND ANNOUNCES 1st QUARTER DISTRIBUTION
TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.0728 per share payable on April 11, 2014 to shareholders of record on March 31, 2014.
The distribution is based on a new policy that was approved by the Board of Directors in December 2013 to pay dependable, but not assured, quarterly distributions out of the Fund’s accumulated net investment income and/or other sources. The Directors will continue to regularly monitor conditions and circumstances relating to the quarterly distribution and make such changes as they, in consultation with the Fund’s portfolio managers, deem appropriate. Distribution policies are a matter of Board discretion and may be modified or terminated at any time without prior notice.
TSI is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $283 million.
Various matters discussed in this news release constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including general economic conditions, overall availability of certain types of securities for investment by the Fund, the level of volatility in the securities markets and in the share price of the Fund, and other risk factors outlined in the Fund’s SEC Filings.
About The TCW Group
Founded in 1971, The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients’ wealth, with over $130 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. For more information, please refer to www.tcw.com.