TCW Strategic Income Fund

TCW Strategic Income Fund, Inc. operates as a diversified, closed-end management investment company. It invests in convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the US Government, its agencies and instrumentalities, repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments. The company was founded on January 13, 1987 and is headquartered in Los Angeles, CA.

LOS ANGELES--(BUSINESS WIRE)--TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.205 per share payable to shareholders of record on December 31, 2024, with the payable date of January 10, 2025. The distribution represents a regular quarterly distribution of $0.06 and an additional special year-end distribution of $0.145 from net investment income. The distribution is based on a policy that was approved by the Board of Directors in December 2013 which was.

TCW Strategic Income Fund Announces Quarterly Distribution

TCW Strategic Income Fund has delivered over 20% in total return since our 'Buy' rating last year, driven by lower rates and tighter spreads. The fund remains overweight MBS securities and investment-grade corporates, with no leverage, and has seen its discount to NAV narrow significantly. Given the current valuation and narrow discount to NAV, TSI no longer presents an attractive entry point and is downgraded to 'Hold'.

TSI: Unattractive Entry Point (Rating Downgrade)

TCW Strategic Income offers a 5.10% yield, lower than its peers, reducing its appeal to income-seeking investors. The fund has generally underperformed its peers, but it did not decline as severely as most back in 2022. TSI aims to provide total return through current income and capital appreciation, with a focus on mortgage securities and corporate bonds.

TSI: This Multi-Sector Bond Fund Is Nothing Special

BlackRock Taxable Municipal Bond Trust

BlackRock Capital Allocation Trust

BlackRock Innovation & Growth Trust

BlackRock Health Sciences Trust II

BlackRock Science and Technology Trust II

India Fund Inc

Nuveen New York AMT

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Strategy Fund

Pimco High Income Fund

Cohen & Steers Select Preferred and Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Technology Select Sector SPDR Fund

Health Care Select Sector SPDR Fund

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

CEF Report | May 2024 | Activism Is Heating Up

The market is pricing a 90% probability of another rate hike in the upcoming July meeting due to strong economic data. Peak rates are expected in 2023, creating opportunities in Treasuries and MBS, with JP Morgan Research recommending Agency MBS bonds as a top fixed income investment. TCW Strategic Income Fund, a multi-asset class closed-end fund, has non-Agency MBS bonds as its largest holding, with over 29% of the fund's portfolio being MBS bonds.

TSI: Time To Buy Mortgages

Ares Dynamic Credit Allocation Fund

ArrowMark Financial

Brandywine Global Income Opportunities Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Highland Income Fund

Western Asset High Income Opportunity Fund Inc

Pioneer Diversified High Income Trust

Nuveen Preferred & Income 2022 Term Fund

KKR Income Opportunities Fund

PIMCO Dynamic Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

Western Asset Diversified Income Fund

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, December 2022

LOS ANGELES--( BUSINESS WIRE )--TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a year-end distribution of $0.1533 per share to holders of record on December 30, 2022 and payable January 13, 2023. The distribution represents a regular quarterly net investment income distribution of $0.06, $0.0808 of long-term capital gain, and an additional special year-end distribution of $0.0125 from net investment income.

TCW Strategic Income Fund Announces Year End Distribution

Aberdeen Income Credit Strategies Fund

Virtus AllianzGI Diversified Income & Convertible Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eagle Point Credit

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust Specialty Finance and Financial Opportunities Fund

Gabelli Multimedia Trust

Clough Global Dividend and Income Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

OFS Credit Company Inc

Pimco California Municipal Income Fund II

Pimco Municipal Income Fund II

Putnam Municipal Opportunities Trust

Pimco California Municipal Income Fund III

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Cohen & Steers Real Estate Opportunities and Income Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Delaware Investments

22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)

First Trust Intermediate Duration Preferred & Income Fund

Guggenheim Strategic Opportunities Fund

Guggenheim Active Allocation Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Western Asset Municipal High Income Fund

Nuveen Municipal Credit Income Fund

Western Asset

Thornburg Income Builder Opportunities Trust

Closed-end funds offer hefty yields and trade at discounts from the value of their underlying assets. But leverage poses a danger.

These Funds Are Solid Bargains When Markets Go South. 9 That Offer High Yields.

TCW Strategic Income Fund (TSI) is a fixed income CEF that has been in the market since 1987. TCI does not currently employ any leverage.

TSI: Old School Fixed Income CEF

Saba Capital Income & Opportunities Fund

China Fund

Blackrock Debt Strategies Fund Inc

Aberdeen Global Income Fund

New Germany Fund

Clough Global Opportunities Fund

Clough Global Equity Fund

BlackRock Corporate High Yield Fund

Insight Select Income Fund

New Ireland Fund Inc

Madison Fund

BlackRock MuniAssets Fund

BlackRock MuniHoldings Quality Fund II Inc

Pimco California Municipal Income Fund

RENN Fund

20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

Weekly Closed-End Fund Roundup: December 26, 2021

Bancroft Fund Ltd

Morgan Stanley Emerging Markets Domestic Debt Fund Inc

Morgan Stanley Emerging Markets Debt Fund

PIMCO Energy and Tactical Credit Opportunities Fund

Vertical Capital Income Fund.

Discounts widened a bit but remain very tight relative to historical comparisons going back to 1996. Munis are now in line with taxable avg. premiums. At this time, a counter-cyclical approach is warranted. I have been advocating rotating from leveraged, junkier, and discount susceptible structures to open-end funds.

News for TCW Strategic Income Fund ETF (TSI)