Company: TSI
Filing Date: 2025-08-08
Form Type: N-2
Source: 0001193125-25-177098
Chunk: 17

Company: TCW STRATEGIC INCOME FUND INC
Filing Date: 2025-08-08
Form: N-2
Chunk 17
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 of its assets in illiquid securities. In order to meet
redemptions upon request by stockholders, open-end funds typically cannot have more than 15% of their net assets in illiquid securities. Thus, if the Fund were to convert to an
open-end fund, it would have to adopt a limitation on illiquid securities and may need to revise its investment objective, strategies and policies. The composition of the Fund’s portfolio and/or its
investment policies could prohibit the Fund from complying with regulations of the SEC applicable to open-end management investment funds absent significant changes in portfolio holdings, including with
respect to certain illiquid securities, and investment policies. The Board believes, however, that the closed-end structure is desirable, given the Fund’s investment objective, strategies and policies.
Investors should assume, therefore, that it is highly unlikely that the Board would vote to convert the Fund to an open-end investment company. Investors should note that the issuance of preferred shares to
provide investment leverage could make a conversion to an open-end fund more difficult because of the voting rights of preferred stockholders, the costs of redeeming preferred shares and other factors.

9

Special Risk Considerations Risk is inherent in all investing and you could lose all or any portion of the amount you invest in our securities. Therefore, before investing in our securities, you should consider the risks described in this Prospectus, the Fund’s Annual Report and any Prospectus Supplement carefully. The following is only a summary of certain risks of investing in the Fund described in more detail in the Fund’s Annual Report and elsewhere in this Prospectus and any applicable Prospectus Supplement. Before you invest, you should read the full summary of the risks of investing in the Fund, beginning on page 31 of this Prospectus under the heading “Risk Factors,” in any accompanying Prospectus Supplement and under the heading “Investment Objective, Investment Strategy, and Risk Considerations” in the Fund’s Annual Report. Risks related to the Fund’s portfolio investments include risks related to:

| • |     | investing in fixed income securities, including the risk of investing in U.S. Government Securities, corporate                    
 debt securities (including high-yield corporate debt securities), mortgage-related securities, asset-backed securities, and CDOs; |

| • |     | equity securities risk, including the risk of investing in mid- and 
 large-capitalization companies;                                     |

| • |     | investing in other investment companies, including other investment companies with exposure to private credit and 
 private asset-backed securities;