1607 Capital Partners LLC Has $9.67 Million Holdings in TCW Strategic Income Fund, Inc. $TSI

1607 Capital Partners LLC lessened its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,956,788 shares of the financial services provider’s stock after selling 420,646 shares during the period. 1607 Capital Partners LLC owned about 4.10% of TCW Strategic Income Fund worth $9,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $50,000. Concurrent Investment Advisors LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $51,000. Private Advisor Group LLC acquired a new position in shares of TCW Strategic Income Fund in the 3rd quarter valued at about $68,000. &PARTNERS acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $71,000. Finally, Corient Private Wealth LLC acquired a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $82,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Down 0.3%

Shares of TSI opened at $4.47 on Thursday. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $5.06. The business’s 50-day moving average is $4.54 and its 200-day moving average is $4.70.

TCW Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0283 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

TCW Strategic Income Fund 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.