TCW Strategic Income Fund invests across bonds, mortgage-related and asset-backed securities, convertibles and other income assets. That flexibility gives it several ways to earn cash, but the credit and rate mix can change.
Business
Credit and multi-sector income funds
Listing
TSI · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Portfolio interest becomes net investment income after expenses and financing. Credit marks, security prices and trading results affect net asset value beyond that income line.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.14
Jan 1, 2026 to Jun 30, 2026
$0.00$0.14
Distribution yield7.82%Sourced distributions divided by dated market priceReported annual income yield5.67%Reported net investment income $0.2800 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $4.9400. Excludes capital gains; historical, not a current yield or forecast.Annual dividend$0.34Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.0283
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Fund net investment income per common share; actual reporting period, not annualized$0.1400
$0.00$0.20
For the six months ended June 30, 2026, TSI reported $0.14 of net investment income and $0.15 of distributions per share. Net asset value fell from $5.11 to $4.87. Income and cash paid were close, but the lower ending value says the broader portfolio result belongs in the review.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
TCW Strategic Income Fund, Inc. reported $0.1400 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in credit and multi-sector income investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Read the next like-length income and cash figures with the credit mix, mortgage and asset-backed marks, financing and net asset value.
Net asset value (NAV)
NAV per share$4.75Sep 29, 2026Market price$4.29Sep 29, 2026PREMIUM / DISCOUNT TO NAV9.68% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Read the next like-length income and cash figures with the credit mix, mortgage and asset-backed marks, financing and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
TCW's 2025 annual report shows TSI's distributions as ordinary income for federal tax purposes.
Total ordinary dividends
100%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2025-12-31
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
