1607 Capital Partners LLC Grows Stock Holdings in TCW Strategic Income Fund, Inc. $TSI

Key Points

• 1607 Capital Partners LLC increased its stake in TCW Strategic Income Fund by 21.2%, owning a total of 2.67 million shares worth approximately $12.98 million.
• Multiple institutional investors, including Sit Investment Associates Inc. and SeaBridge Investment Advisors LLC, also increased their holdings in TCW Strategic Income Fund during the first quarter.
• TCW Strategic Income Fund announced a quarterly dividend of $0.065 per share, resulting in an annualized dividend yield of 5.2%.

1607 Capital Partners LLC grew its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,670,304 shares of the financial services provider's stock after buying an additional 467,821 shares during the quarter. TCW Strategic Income Fund accounts for 1.0% of 1607 Capital Partners LLC's portfolio, making the stock its 28th largest position. 1607 Capital Partners LLC owned about 5.59% of TCW Strategic Income Fund worth $12,978,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSI. Sit Investment Associates Inc. grew its stake in TCW Strategic Income Fund by 8.2% during the first quarter. Sit Investment Associates Inc. now owns 7,486,736 shares of the financial services provider's stock worth $36,386,000 after buying an additional 570,125 shares during the period. JP Wealth Management Inc. grew its stake in TCW Strategic Income Fund by 7.3% during the first quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider's stock worth $14,788,000 after buying an additional 207,300 shares during the period. SeaBridge Investment Advisors LLC grew its stake in TCW Strategic Income Fund by 30.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider's stock worth $3,328,000 after buying an additional 159,643 shares during the period. Ameriprise Financial Inc. grew its stake in TCW Strategic Income Fund by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider's stock worth $4,797,000 after buying an additional 125,801 shares during the period. Finally, Ieq Capital LLC purchased a new stake in TCW Strategic Income Fund during the first quarter worth approximately $370,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Trading Up 0.1%

TSI opened at $4.96 on Tuesday. TCW Strategic Income Fund, Inc. has a 52-week low of $4.61 and a 52-week high of $5.21. The company has a 50 day moving average of $4.92 and a two-hundred day moving average of $4.90.

TCW Strategic Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a $0.065 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 5.2%.

TCW Strategic Income Fund Profile

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.

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