HADEN PATRICK C 4
4 · TCW STRATEGIC INCOME FUND INC · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
TSI Director Patrick Haden Exercises Rights, Acquires 21,430 Shares
What Happened
Patrick C. Haden, a director of TCW Strategic Income Fund, Inc. (TSI), exercised transferable rights from a rights offering. The filing shows he acquired 21,430 shares at $4.47 per share for a total cash cost of $95,792 (exercise of an in‑the‑money derivative). The same filing also reports a related derivative disposition of 64,290 units; the disposition line is listed with N/A for price/consideration.
Key Details
- Transaction date: 2026-03-27 (filed on 2026-03-30; filing appears timely).
- Acquired: 21,430 shares at $4.47 each — total $95,792.
- Disposed (derivative): 64,290 units — consideration and price listed as N/A in the filing.
- Shares owned after transaction: not specified in the provided filing extract.
- Footnotes: transactions arise from a rights offering (Record Date 2/19/2026) with a final subscription price of $4.47 and pro‑rata allocation of over‑subscriptions; shares allocated were confirmed on 3/27/2026 (see footnotes F1–F4).
Context
The transactions relate to a company rights offering that let record‑date shareholders subscribe for new TSI common shares (1 share per 3 rights) at a fixed subscription price ($4.47). The offering was over‑subscribed, so over‑subscription allocations were made pro‑rata and confirmed on March 27, 2026. The “X”/exercise entries are the exercising of those transferable rights; the separate disposal line is derivative‑related and the filing does not detail cash proceeds or the mechanics of that disposition. This is a purchase (exercise) of shares via a corporate offering rather than an open‑market buy or sale; no inference about the insider’s view should be assumed from these routine offering‑related actions.
Insider Transaction Report
- Exercise of In-Money
Common Stock
2026-03-27$4.47/sh+21,430$95,792→ 85,722.203 total - Exercise of In-Money
Subscription Rights for Shares of Common Stock (right to buy
[F1][F2][F3][F4]2026-03-27−64,290→ 0 totalFrom: 2026-02-19Exp: 2026-03-18→ Common Stock (21,430 underlying)
Footnotes (4)
- [F1]TCW Strategic Income Fund, Inc. (NYSE: TSI) (the "Fund") issued to the stockholders of record (the "Record Date Stockholders") at the close of business on February 19, 2026 (the "Record Date") transferable rights (each a "Right" and, collectively, the "Rights") entitling such Record Date Stockholders to subscribe for shares of common stock, par value $0.01 per share (the "Common Stock"), of the Fund (the "Offer") at a discount to the market price of the shares of Common Stock. The Fund distributed to Record Date Stockholders one Right for each share of Common Stock held on the Record Date. Record Date Stockholders were entitled to purchase one new share of Common Stock for every three Rights held (1-for-3); however, any Record Date Stockholder who owned fewer than three shares of Common Stock as of the Record Date was entitled to subscribe for one share of Common Stock. Fractional shares of Common Stock were not issued.
- [F2](Continued from footnote 1) The subscription period commenced on the Record Date and expired on March 18, 2026.
- [F3]The final subscription price of $4.47 per share of Common Stock was determined based upon the terms of the Offer. Record Date Stockholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one share of Common Stock that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Stockholders to subscribe for additional shares of Common Stock not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over subscription shares of Common Stock available. Accordingly, the shares of Common Stock subscribed for pursuant to the over-subscription privilege of the Offer were allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of shares of Common Stock they owned on Record Date.
- [F4](Continued from footnoote 2) The number of shares of Common Stock acquired was confirmed to exercising Rights holders on March 27, 2026, following the pro-ration and allocation of shares of Common Stock pursuant to the over-subscription privilege.