Key Points
- Peter McMillan bought 17,390 shares of NYSE:TSI at an average of $4.71 on Feb 13, adding to Feb 11–12 purchases (10,478 and 179,522 shares) for roughly 207,390 shares over three days and now directly owns 217,390 shares (an 8.70% increase) valued at about $1.02M.
- TCW Strategic Income Fund raised its monthly dividend to $0.0283 per share (ex-dividend Apr 15, payable Apr 30), up from $0.02 and implying an approximate 7.2% annualized yield.
TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Peter Mcmillan bought 17,390 shares of the firm's stock in a transaction on Friday, February 13th. The stock was acquired at an average cost of $4.71 per share, with a total value of $81,906.90. Following the completion of the transaction, the director directly owned 217,390 shares of the company's stock, valued at approximately $1,023,906.90. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Peter Mcmillan also recently made the following trade(s):
- On Thursday, February 12th, Peter Mcmillan acquired 179,522 shares of TCW Strategic Income Fund stock. The stock was acquired at an average cost of $4.73 per share, with a total value of $849,139.06.
- On Wednesday, February 11th, Peter Mcmillan acquired 10,478 shares of TCW Strategic Income Fund stock. The stock was acquired at an average price of $4.74 per share, for a total transaction of $49,665.72.
TCW Strategic Income Fund Stock Up 0.4%
Shares of NYSE TSI opened at $4.73 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's 50 day moving average is $4.89 and its two-hundred day moving average is $4.92.
TCW Strategic Income Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.0283 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, April 15th. This is an increase from TCW Strategic Income Fund's previous monthly dividend of $0.02.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TSI. Whipplewood Advisors LLC acquired a new position in TCW Strategic Income Fund in the 2nd quarter valued at approximately $772,000. Allworth Financial LP bought a new position in TCW Strategic Income Fund in the second quarter worth $112,000. Diversified Management Inc. acquired a new stake in TCW Strategic Income Fund during the fourth quarter worth $5,002,000. Concurrent Investment Advisors LLC acquired a new stake in TCW Strategic Income Fund during the fourth quarter worth $51,000. Finally, Intellus Advisors LLC increased its holdings in TCW Strategic Income Fund by 10.0% in the 4th quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider's stock valued at $374,000 after buying an additional 6,874 shares during the period. Institutional investors own 35.22% of the company's stock.
TCW Strategic Income Fund Company Profile
(
Get Free Report)
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.
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