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TCW Strategic Income Fund Inc ( (TSI) ) has issued an update.
On March 19, 2026, TCW Strategic Income Fund, Inc. reported preliminary results of a transferable rights offering to its common stockholders that began on February 19 and expired on March 18, 2026. The oversubscribed offer is expected to issue 15,928,480 new common shares at a subscription price of $4.47, set at 88% of net asset value at the expiration date, generating anticipated gross proceeds of about $71 million.
The fund will bear the offering expenses indirectly through its stockholders and plans to deploy the net proceeds, alongside increased borrowings, in line with its existing investment objective and policies. The capital raise should expand the fund’s asset base for fixed income and equity investments, potentially enhancing its capacity to pursue private credit and asset-backed financing opportunities within its strategy.
More about TCW Strategic Income Fund Inc
TCW Strategic Income Fund, Inc. is a diversified closed-end management investment company focused on generating total return through current income and capital appreciation. The fund invests in a broad mix of fixed income and equity securities, including private credit and asset-backed financings, positioning it within the income-oriented segment of the asset management industry.
Average Trading Volume: 211,712
Find detailed analytics on TSI stock on TipRanks’ Stock Analysis page.