TCW Strategic Income Fund Inc. (NYSE:TSI), saw an insider purchase a total of 20,000 shares through numerous transactions. Director Andrew Tarica made 6 separate trades, purchasing all of his shares at an average price of $5.54 per share. The acquisitions, all of which started on July 9th and were filed today, July 10th, included two 5,000 share increments, three trades picking up 2,000 shares each, and one more move that gave the director an additional 4,000 shares, totaling 20,000 shares of common stock.
Following these transactions, Tarica now holds 10,000 shares directly while having 20,000 indirectly invested into the company. A $265.62 million market cap corporation, TCW Strategic Income Fund Inc. (NYSE:TSI) is a diversified, closed-end investment management company that has the objective of seeking a total return consisted of current income and capital appreciation by investing in a myriad of securities. Currently, there are no major hedge funds with holdings in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.