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TCW Strategic Income Fund Declares Quarterly Distribution and Special Distribution

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^{Published in Business and Finance on Friday, December 19th 2008 at 6:43 GMT by Market Wire}  

LOS ANGELES--([ BUSINESS WIRE ])--The TCW Strategic Income Fund, Inc. (NYSE: TSI) announced that its Board of Directors declared a regular quarterly distribution of $0.075, plus a special year-end distribution of $0.08. Both distributions are payable on January 9, 2009 to shareholders of record on December 30, 2008.

The Fund has a managed distribution policy which is to make a quarterly distribution equal to 7% per annum of the Fund's prior year-end net asset value per share. However, the Fund, as a registered investment company, is required under Internal Revenue Service regulations to distribute substantially all of its net taxable income to its shareholders by the end of each year. The Fund's investment strategy has generated more than the minimum 7% payout, and therefore, the Board is pleased to announce the special distribution. It is estimated that substantially all of the quarterly dividend and all of the special dividend will be from net income. The special distribution is based on the Fund's estimated 2008 income.

TSI is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $175 million.

Various matters discussed in this news release constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including general economic conditions, overall availability of certain types of securities for investment by the Fund, the level of volatility in the securities markets and in the share price of the Fund, and other risk factors outlined in the Fund's SEC Filings. In addition, distribution policies are a matter of Board discretion and may be modified or terminated at any time without prior notice.