TCW Strategic Income Fund, Inc. (TSI) Stake Decreased by First Manhattan Co.
First Manhattan Co. reduced its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 46.5% during the second quarter, Holdings Channel reports. The fund owned 25,938 shares of the financial services provider’s stock after selling 22,500 shares during the period. First Manhattan Co.’s holdings in TCW Strategic Income Fund were worth $146,000 as of its most recent SEC filing.
Separately, Aviance Capital Partners LLC boosted its position in TCW Strategic Income Fund by 3.1% in the second quarter. Aviance Capital Partners LLC now owns 84,495 shares of the financial services provider’s stock worth $477,000 after buying an additional 2,563 shares in the last quarter. Hedge funds and other institutional investors own 29.80% of the company’s stock.
TCW Strategic Income Fund, Inc. (TSI) opened at 5.63 on Friday. TCW Strategic Income Fund, Inc. has a 52-week low of $5.19 and a 52-week high of $6.16. The firm has a 50-day moving average price of $5.63 and a 200-day moving average price of $5.52.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.22 dividend on an annualized basis and a yield of 3.91%.
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TCW Strategic Income Fund Company Profile
TCW Strategic Income Fund, Inc is a diversified, closed-end investment management company. The Fund’s investment objective is to seek a total return consisted of current income and capital appreciation by investing in a range of securities, including convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities), repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments without limit believed by its investment advisor to be consistent with the Fund’s investment objective.
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