LOS ANGELES–(Business WIRE)–Mar 17, 2021–
TCW Strategic Profits Fund, Inc. (NYSE: TSI) nowadays announced a quarterly distribution of $.055 for every share payable to shareholders of record on March 31, 2021, with the payable date of April 9, 2021.
The distribution is dependent on a policy that was authorized by the Board of Administrators in December 2013 which was to pay out distributions out of the Fund’s accrued net investment decision earnings and/or other sources subject to the necessities of the Investment Business Act of 1940, as amended, and Sub-chapter M of the Inside Revenue Code. The Administrators will often check problems and situation relating to the distribution of dividends and make these alterations as they, in session with the Fund’s portfolio managers, deem proper. Distribution plan is a subject of Board discretion and might be modified or terminated at any time with no prior discover.
TSI is a shut-finish fund stated on the New York Inventory Exchange. The Fund commenced operations in March 1987 and at present has net assets of somewhere around $283 million.
TCW is a major world-wide asset administration organization with a wide selection of products and solutions across set income, equities, emerging markets and different investments. With 5 many years of investment decision expertise, TCW now manages somewhere around $248 billion in shopper property. By way of the MetWest Resources and TCW Funds family members, TCW manages one of the most significant mutual fund complexes in the U.S. TCW’s clients incorporate numerous of the world’s largest company and community pension strategies, money establishments, endowments and foundations, as perfectly as economic advisors and high net truly worth individuals. For far more facts, make sure you pay a visit to www.tcw.com.
Various issues mentioned in this news release represent ahead-searching statements in the indicating of the federal securities legal guidelines. Precise effects and the timing of selected gatherings could vary materially from these projected or contemplated by these ahead-wanting statements thanks to a range of aspects, including normal financial problems, over-all availability of sure types of securities for financial commitment by the Fund, the degree of volatility in the securities markets and in the share price tag of the Fund, and other possibility components outlined in the Fund’s SEC Filings.
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Key phrase: UNITED STATES NORTH America CALIFORNIA
Sector Keyword: BANKING Qualified Solutions FINANCE
Supply: TCW Strategic Cash flow Fund, Inc.
Copyright Small business Wire 2021.
PUB: 03/17/2021 04:15 PM/DISC: 03/17/2021 04:15 PM
Copyright Small business Wire 2021.
