McMillan Peter 4

What Happened
Peter McMillan, a director of TCW Strategic Income Fund, exercised transferable subscription rights and acquired 193,761 shares of the fund’s common stock at a final subscription price of $4.47 per share, for a total cash outlay of $866,112. The filing shows he exercised 307,915 rights (a derivative entry) to subscribe for 102,638 shares and also received 91,123 additional shares through the offer’s over‑subscription allocation, resulting in the 193,761 total shares acquired.

Key Details

• Transaction date: March 27, 2026; Form 4 filed March 30, 2026 (timely filing).
• Purchase details: 193,761 shares acquired at $4.47/share; total cost $866,112.
• Derivative line: 307,915 transferable rights were exercised (these rights were used to subscribe for shares).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: This was a record‑date transferable rights offering (record date Feb 19, 2026). Primary subscription was 1-for-3 rights; over‑subscription requests were prorated due to oversubscription, and final allocations were confirmed March 27, 2026.

Context
This was a cash purchase via a rights offering (not an open‑market buy or option cashless sale). Rights were surrendered/exercised to buy shares and additional shares came from an over‑subscription allocation — a routine way for existing shareholders to buy discounted stock. Purchases by directors can be viewed as more informative than sales, but filings are factual and do not state the director’s motive.