# EDGAR Filing Document

**Accession Number:** 0000809559
**File Stem:** 0001193125-26-064318
**Filing Date:** 2026-2
**Character Count:** 273975
**Document Hash:** 6623c91fcdcfccf1b7c3e68febd607ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-064318.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0001193125-26-064318

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 24

**CONFORMED PERIOD OF REPORT**: 20260219

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCW STRATEGIC INCOME FUND INC
- **CENTRAL INDEX KEY:** 0000809559

**ORGANIZATION NAME:**
- **EIN:** 930939398
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-04980
- **FILM NUMBER:** 26666414

**BUSINESS ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2132440000

**MAIL ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TCW CONVERTIBLE SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? Form 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported) February 19, 2026

## TCW STRATEGIC INCOME FUND, INC.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Maryland** | **811-04980** | **93-0939398** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

---

| | |
|:---|:---|
| **515 South Flower Street**<br>**Los Angeles, California** | **90071** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrants telephone number, including area code: (214) 244-0000

#### (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which**<br>**registered** |
| Common Stock | TSI | New York Stock Exchange |
| Subscription Rights for Shares of Common Stock | TSI RT | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

---

On February 19, 2026, TCW Strategic Income Fund, Inc. (NYSE: TSI) (the "Fund") entered into a dealer manager agreement (the "Dealer Manager Agreement") by and among the Fund, TCW Investment Management Company LLC and UBS Securities LLC in connection with the issuance by the Fund 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 up to 15,928,480 shares of common stock, par value $0.01 per share (the "Common Stock"), of the Fund (the "Offer"). The Record Date Stockholders will receive one Right for each outstanding share of Common Stock owned on the Record Date. The Rights entitle the holders to purchase one new share of Common Stock for every three Rights held (1-for-3). Record Date Stockholders who fully exercise their Rights will be entitled to subscribe, subject to certain limitations and subject to allotment, for additional shares of Common Stock covered by any unexercised Rights. Any Record Date Stockholder who owns fewer than three shares of Common Stock as of the close of business on the Record Date is entitled to subscribe for one full share of Common Stock in the Offer.

The Offer is being made pursuant to a prospectus supplement, dated February 19, 2026, and the accompanying prospectus, dated January 5, 2026, each of which constitutes part of the Fund's effective shelf registration statement on Form N-2 (File No. 333-289452) previously filed with the Securities and Exchange Commission (the "Registration Statement").

The foregoing description of the Dealer Manager Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Dealer Manager Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference.

In connection with the Offer, the Fund entered into a Subscription Agent Agreement dated as of February 19, 2026 with Equiniti Trust Company, LLC ("Subscription Agent Agreement"), and an Information Agent Agreement dated as of February 19, 2026 with EQ Fund Solutions, LLC ("Information Agent Agreement") to provide services with respect to the Offer.

The foregoing description is only a summary of the Subscription Agent Agreement and Information Agent Agreement and is qualified in its entirety by reference to the text of the Subscription Agent Agreement filed with this report as Exhibit 10.1 and incorporated herein by reference and Information Agent Agreement filed with this report as Exhibit 10.2 and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 8.01.** | **Other Events** |

---

On February 19, 2026, the Fund commenced the Offer pursuant to the Registration Statement. A copy of the opinion of Venable LLP relating to the legality of the Offer is filed as Exhibit 5.1 to this report.

The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.

---

| | |
|:---|:---|
| **Item 9.01.** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Statements and Exhibits.** |
| *(d)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Exhibits* |

---

1.1 <u>[Dealer Manager Agreement](d76152dex11.htm)</u> 

5.1 <u>[Opinion of Venable LLP](d76152dex51.htm)</u> 

10.1 <u>[Subscription Agent Agreement](d76152dex101.htm)</u> 

10.2 <u>[Information Agent Agreement](d76152dex102.htm)</u> 

23.1 <u>[Consent of Venable LLP (included in Exhibit 5.1)](d76152dex51.htm)</u> 

99.1 <u>[Form of Notice of Guaranteed Delivery for Rights Offering](d76152dex991.htm)</u> 

99.2 <u>[Form of Subscription Certificate for Rights Offering](d76152dex992.htm)</u> 

------

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | TCW Strategic Income Fund, Inc. | TCW Strategic Income Fund, Inc. |
| Date: February 23, 2026 | By: | /s/ Richard Villa |
|  | Name: | Richard Villa |
|  | Title: | President and Principal Executive Officer |

---

## Exhibit 1.1

***Execution Version*** 

TCW STRATEGIC INCOME FUND, INC.

15,928,480 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

DEALER MANAGER AGREEMENT

New York, New York

February 19, 2026

UBS Securities LLC

11 Madison Avenue

New York, New York 10010

Ladies and Gentlemen:

Each of TCW Strategic Income Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), and TCW Investment Management Company LLC, a Delaware limited liability company (the "<u>Adviser</u>"), hereby confirms the agreement with and appointment of UBS Securities LLC to act as dealer manager (the "<u>Dealer Manager</u>") in connection with the issuance by the Fund to the holders of record (the "<u>Record Date Shareholders</u>") at the close of business on the record date set forth in the Prospectus (as defined herein) (the "<u>Record Date</u>") transferable rights entitling such Record Date Shareholders to subscribe for up to 15,928,480 shares (each a "<u>Share</u>" and, collectively, the "<u>Shares</u>") of common stock, par value $0.01 per share (the "<u>Common Shares</u>"), of the Fund (the "<u>Offer</u>"). Pursuant to the terms of the Offer, the Fund is issuing each Record Date Shareholder one (1) transferable right (each a "<u>Right</u>" and, collectively, the "<u>Rights</u>") for each Common Share held by such Record Date Shareholder on the Record Date. Such Rights entitle their holders to acquire during the subscription period set forth in the Prospectus (the "<u>Subscription Period</u>"), at the price set forth in such Prospectus (the "<u>Subscription Price</u>"), one (1) Share for each three (3) Rights exercised (except that any Record Date Shareholder who owns fewer than three (3) Common Shares as of the Record Date will be able to subscribe for one (1) full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one (1) Share) will be entitled to subscribe for, subject to certain limitations and subject to allocation, additional Shares (the "<u>Over-Subscription Privilege</u>"), on the terms and conditions set forth in the Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange (the "<u>NYSE</u>") under the symbol "TSI RT."

The Fund has filed with the Securities and Exchange Commission (the "<u>Commission</u>") a registration statement on Form N-2 (File Nos. 333-289452 and 811-04980), including a preliminary prospectus (including the preliminary statement of additional information incorporated by reference therein) under the Investment Company Act of 1940, as amended (the "<u>Investment Company Act</u>"), the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), and the rules and regulations of the Commission under the Investment Company Act (the "<u>Investment Company Act Rules and Regulations</u>") and the rules and regulations of the Commission under the Securities Act (the "<u>Securities Act Rules and Regulations</u>" and, together with the Investment Company Act Rules and Regulations, the "<u>Rules and Regulations</u>"), and has filed such amendments to such registration statement on Form N-2, if any, as may have been required to the date hereof. The registration statement was initially declared effective by the Commission on December 22, 2025. If any prospectus contained in the registration statement omits certain information at

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the time of effectiveness pursuant to Rule 430B of the Securities Act Rules and Regulations, a final prospectus containing such omitted information will promptly be filed by the Fund with the Commission in accordance with Rule 424(b) of the Rules and Regulations. The term "<u>Registration Statement</u>" means the registration statement, as amended, at the time it became effective, including financial statements and all exhibits and all documents incorporated therein by reference, and any information deemed to be included by Rule 430B of the Securities Act Rules and Regulations. Except where the context otherwise requires, "<u>Base Prospectus</u>," as used herein, means the prospectus dated January 5, 2026 (including the statement of additional information and all documents incorporated therein by reference), included in the Registration Statement. Except where the context otherwise requires, "<u>Prospectus</u>," as used herein, means the Base Prospectus and the prospectus supplement (including the statement of additional information and all documents incorporated therein by reference) as filed by the Fund with the Commission in accordance with Rule 424(b) of the Securities Act Rules and Regulations.

"Issuer Free Writing Prospectus" means any "written communication" (as defined in Rule 405 under the 1933 Act) that constitutes an offer to sell or solicitation of an offer to buy in connection with the Offer.

The Prospectus, any Issuer Free Writing Prospectus and any letters to owners of Common Shares of the Fund, subscription certificates and other forms used to exercise rights, brochures, wrappers, any letters from the Fund to securities dealers, commercial banks and other nominees and any newspaper announcements, press releases and other offering materials and information that the Fund may use, approve, prepare or authorize for use in connection with the Offer are collectively referred to hereinafter as the "<u>Offering Materials</u>."

1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund and the Adviser jointly and severally represent and warrant to, and agree with, the Dealer Manager
as of the date hereof, as of the date of the commencement of the Offer (such date being hereinafter referred to as the " <u>Representation Date</u> ") and as of the Expiration Date (as defined below) that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund meets the requirements for use of Form N-2 under the
Securities Act and the Investment Company Act and the Rules and Regulations. At the time the Registration Statement became effective under the Securities Act, the Registration Statement contained all statements required to be stated therein in
accordance with, and complied in all material respects with the requirements of the Securities Act, the Investment Company Act and the Rules and Regulations and did not contain an untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary in order to make the statements therein not misleading. From the time the Registration Statement became effective through the expiration date of the Offer set forth in the Prospectus, as it may be
extended as provided in the Prospectus (the " <u>Expiration Date</u> "), the Offering Materials will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading; <u>provided</u>, <u>however</u>, that the representations and warranties in this subsection shall not apply to statements in or omissions
from the Registration Statement or Offering Materials made in reliance upon and in conformity with information relating to the Dealer Manager furnished to the Fund or the Adviser on behalf of the Fund in writing by the Dealer Manager expressly for
use in the Registration Statement or Offering Materials.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund (A) has been duly organized and is validly existing as a corporation in good standing under
the laws of the State of Maryland, (B) has full power and authority to own, lease and operate its properties and conduct its business as described in the Registration Statement and the Prospectus, (C) owns, possesses or has obtained and
currently maintains all necessary licenses, permits, consents, orders, approvals and other authorizations (collectively, the " <u>Licenses and Permits</u> "), whether foreign or domestic, necessary to carry on its business as contemplated
in the Prospectus, (D) has made all necessary filings required under any federal, state, local or foreign law, regulation or rule and (E) is duly licensed and qualified to do business and is in good standing in each jurisdiction where it
owns or leases real property or in which the conduct of its business requires such qualification, except in the case of (C), (D) and (E) to the extent that the failure to own, possess or obtain and maintain such Licenses and Permits, make such
filings, be so licensed and qualified or be in good standing (x) would not reasonably be expected to have a material adverse effect upon the Fund's performance of this Agreement or the consummation of any of the transactions herein
contemplated or (y) would not reasonably be expected to have a material adverse effect on the condition (financial or other), business, prospects, earnings, business affairs, properties, management, net assets or results of operations of the
Fund, whether or not arising from transactions in the ordinary course of business of the Fund or the offer (each, a " <u>Fund Material Adverse Effect</u> "). The Fund has no subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Fund is duly registered with the Commission under the Investment Company Act as a diversified, closed-end management investment company, no order of suspension or revocation of such registration has been issued or proceedings therefor initiated or, to the knowledge of the Fund or the Adviser, threatened by
the Commission; subject to the filing of the Prospectus pursuant to Rule 424(b) of the Securities Act Rules and Regulations, if not already filed, all required action has been taken by the Fund under the Securities Act and the Investment Company Act
to make the Offer and to consummate the issuance of the Rights and the issuance and sale of the Shares by the Fund upon exercise of the Rights; and the provisions of the Fund's Articles of Incorporation, as amended (" <u>Articles of Incorporation</u> ") and the Fund's By-Laws, as amended (" <u>By-Laws</u> "), comply in all material respects with the requirements of the
Investment Company Act and the Investment Company Act Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) To the knowledge of the Fund and the Adviser, Deloitte & Touche LLP, the independent registered
public accounting firm that certified the financial statements of the Fund set forth or incorporated by reference in the Registration Statement and the Prospectus, is an independent registered public accounting firm as required by the Investment
Company Act, the Securities Act, the Rules and Regulations, the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> "), and the rules and regulations thereunder and by the rules of the Public Company Accounting Oversight
Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The financial statements of the Fund, together with the related notes and schedules thereto, set forth or
incorporated by reference in the Registration Statement and the Prospectus present fairly in all material respects the financial condition of the Fund as of the dates or for the periods indicated in conformity with U.S. generally accepted accounting
principles applied on a consistent basis; and the information set forth in the Prospectus under the headings "Summary of Fund Expenses" and

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"Financial Highlights" presents fairly in all material respects the information stated therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The documents incorporated by reference in the Registration Statement and the Prospectus, at the time they
became effective or were filed with the Commission, as the case may be, complied in all material respects with the requirements of the Securities Act, the Investment Company Act or the Exchange Act, as applicable, and the rules and regulations of
the Commission thereunder, and none of such documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, and any further documents so filed and incorporated by reference in the Registration Statement and the Prospectus, as amended or supplemented, when such documents become effective or are
filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act, the Investment Company Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder
and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they are made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Fund has an authorized and outstanding capitalization as set forth in the Prospectus (subject to the
issuance of any Shares pursuant to the Dividend Reinvestment Plan (as defined below) after the date of such Prospectus); the Common Shares issued and outstanding prior to the date of this Agreement have been duly authorized and are validly issued,
fully paid and nonassessable and conform in all material respects to the description thereof in the Prospectus under the heading "Description of Capital Structure"; the Rights have been duly authorized by all requisite action on the part
of the Fund for issuance pursuant to the Offer; the certificates, if any, for the Shares are in due and proper form; the Shares have been duly authorized by all requisite action on the part of the Fund for issuance and sale pursuant to the terms of
the Offer and, when issued and delivered by the Fund pursuant to the terms of the Offer against payment of the consideration set forth in the Prospectus, will be validly issued, fully paid and nonassessable; the Shares and the Rights conform in all
material respects to the description thereof contained in the Registration Statement, the Prospectus and the other Offering Materials. No person is entitled to any preemptive or other similar rights or has registration rights with respect to the
issuance of each of the Rights and the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Except as set forth in the Prospectus, subsequent to the respective dates as of which information is given
in the Registration Statement and the Prospectus, (A) the Fund has not incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, other than in the ordinary course of business or incident
to its organization, (B) there has not been any material change in the Common Shares or long-term debt of the Fund, or any event that resulted in a Fund Material Adverse Effect, (C) there has been no dividend or distribution declared or
paid in respect of the Fund's capital stock (other than ordinary or customary distributions declared and paid in the ordinary course) and (D) the Fund has not incurred any long-term debt.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Each of (A) this agreement (the " <u>Agreement</u> "); (B) the Subscription Agent Agreement
(the " <u>Subscription Agent Agreement</u> ") dated as of February 19, 2026 between the Fund and Equiniti Trust Company, LLC (the " <u>Subscription Agent</u> "); (C) the Information Agent Agreement (the " <u>Information Agent Agreement</u> ") dated as of February 19, 2026 between the Fund and EQ Fund Solutions, LLC (the " <u>Information Agent</u> "); (D) the Investment Advisory and Management Agreement dated as of February 6, 2013 between
the Fund and the Adviser (the " <u>Advisory Agreement</u> "); (E) the Custody Agreement (the " <u>Custody Agreement</u> ") dated as of June 29, 2007 between the Fund and State Street Bank & Trust Company, as
amended; (F) the Transfer Agent Servicing Agreement (the " <u>Transfer Agent Agreement</u> ") dated as of December 12, 2000 between the Fund and Computershare; (G) the Fund Administration Servicing Agreement (the
" <u>Administration Agreement</u> ") dated as of June 29, 2007 between the Fund and State Street Bank & Trust Company, as amended; (H) the Credit Agreement dated as of August 5, 2010 between the Fund and The Bank of
New York Mellon; and (I) the Dividend Reinvestment Plan of the Fund (the " <u>Dividend Reinvestment Plan</u> ") (collectively, all the foregoing are referred to herein as the " <u>Fund Agreements</u> "), has been duly
authorized, executed and delivered by the Fund; each of the Fund Agreements complies in all material respects with all applicable provisions of the Investment Company Act, the Investment Advisers Act of 1940, as amended (the " <u>Advisers Act</u> "), and the rules and regulations under such Acts, except that the Fund and the Adviser make no representation as to the eligibility under the Investment Company Act of State Street Bank and Trust Company to act as custodian for the
Fund; and, assuming due authorization, execution and delivery by the other parties thereto, each of the Fund Agreements constitutes a legal, valid, binding and enforceable obligation of the Fund, subject to the qualification that the enforceability
of the Fund's obligations thereunder may be limited by U.S. bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general principles of equity
(regardless of whether enforceability is considered in a proceeding in equity or at law), except as enforcement of rights to indemnity and contribution hereunder may be limited by federal or state securities laws or principles of public policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Neither the issuance of the Rights, nor the issuance and sale of the Shares upon the exercise of the Rights,
nor the execution, delivery, performance and consummation by the Fund of any other of the transactions contemplated in this Agreement, or to the extent applicable to the Rights or the Shares in the Fund Agreements, nor the consummation of the
transactions contemplated in this Agreement or in the Registration Statement nor the fulfillment of the terms thereof will (A) violate the Articles of Incorporation, By-Laws or similar organizational
documents of the Fund, (B) conflict with, result in a breach or violation of, or constitute a default or an event of default under, or result in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the
Fund under the terms and provisions of any agreement, indenture, mortgage, loan agreement, note, insurance or surety agreement, lease or other instrument to which the Fund is a party or by which it may be bound or to which any of the property or

regulation of any court, governmental instrumentality, securities exchange or association or arbitrator, whether foreign or domestic, applicable to the Fund or having jurisdiction over the

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Fund or any of its material properties, other than state securities or "blue sky" laws, and except such as would not reasonably be expected to have a Fund Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Except as set forth in the Registration Statement, there is no pending or, to the knowledge of the Fund or
the Adviser, threatened action, suit, claim, investigation, inquiry or proceeding affecting the Fund or to which the Fund is a party before or by any court or governmental agency, authority or body or any arbitrator which is of a character required
by the Securities Act, the Investment Company Act or the Rules and Regulations to be described in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) There are no franchises, contracts or other documents of the Fund that are required to be described in the
Registration Statement or the Prospectus, or to be filed or incorporated by reference as exhibits to the Registration Statement which are not described or filed or incorporated by reference therein as required by the Securities Act, the Investment
Company Act or the Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) No consent, approval, authorization, notification or order of, or filing with, or the issuance of any
license or permit by, any federal, state, local or foreign court or governmental or regulatory agency, commission, board, authority or body or with any self-regulatory organization or other non-governmental regulatory authority, securities exchange or association, whether foreign or domestic, is required by the Fund for the consummation by the Fund of the transactions to be performed by the Fund or the performance by the Fund of all the terms and
provisions to be performed by or on behalf of it in each case as contemplated in the Fund Agreements or the Registration Statement, except such as have been obtained, or if the Registration Statement filed with respect to the Shares is not effective
under the Securities Act as of the time of execution hereof, such as may be required (and shall be obtained prior to commencement of the Offer) under the Investment Company Act, the Securities Act, the Exchange Act, the Financial Industry Regulatory
Authority, Inc. (" <u>FINRA</u> "), the NYSE, or the failure to obtain would not reasonably be expected to have a Fund Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) The Fund is not currently in breach of, or in material default under, any written agreement or instrument to
which it is a party or by which it or its property is, to the knowledge of the Fund or the Adviser, bound or affected, except where such breach or default would not reasonably be expected to have a Fund Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) There are no material restrictions, limitations or regulations with respect to the ability of the Fund to
invest its assets as described in the Registration Statement and the Prospectus, other than as described therein, as imposed by the Investment Company Act and the Rules and Regulations thereunder or as required to qualify as a regulated investment
company under Subchapter M of the Internal Revenue Code of 1986, as amended (" <u>Subchapter M of the Code</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) No person has any right to the registration of any securities of the Fund because of the filing of the
Registration Statement with the Commission. No person has tag along rights or other similar rights included in the transaction contemplated by this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) The Common Shares have been duly listed on the NYSE and prior to their issuance the Shares and the Rights
will have been admitted for trading and the Shares will have been duly approved for listing, subject to official notice of issuance, on the NYSE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) The Fund (A) has not taken, directly or indirectly, any action designed to cause or to result in, or
that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund to facilitate the issuance of the Rights or the sale or resale of the Rights and the Shares,
(B) has not since the filing of the Registration Statement sold, bid for or purchased, or paid anyone any compensation for soliciting purchases of, Common Shares of the Fund (except for the solicitation of exercises of the Rights pursuant to
this Agreement) and (C) will not, until the later of the expiration of the Rights or the completion of the distribution (within the meaning of Rule 100 of Regulation M under the Exchange Act) of the Shares, sell, bid for or purchase, pay or
agree to pay to any person any compensation for soliciting another to purchase any other securities of the Fund (except for the solicitation of exercises of the Rights pursuant to this Agreement); <u>provided</u> that any action in connection with
the Dividend Reinvestment Plan will not be deemed to be within the terms of this Section 1(a)(xix).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) The Fund has complied in all previous tax years, and intends to direct the investment of the proceeds of the
Offer described in the Registration Statement and the Prospectus in such a manner as to continue to comply with the requirements of Subchapter M of the Code, and has qualified in all previous tax years and intends to continue to qualify as a
regulated investment company under Subchapter M of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) The Fund has complied, and will direct the investment of the proceeds of the Offer described in the
Registration Statement and the Prospectus in such a manner as to continue to comply, with the asset coverage requirements of the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) The Fund has (A) appointed a Chief Compliance Officer and (B) adopted and implemented written
policies and procedures which the Board of Directors of the Fund has determined are reasonably designed to prevent violations of the federal securities laws in a manner required by and consistent with Rule 38a-1 of the Investment Company Act Rules and Regulations and is in compliance in all material respects with such Rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) Other than the Offering Materials, the Fund has not, without the written permission of the Dealer Manager,
used, approved, prepared or authorized any letters to beneficial owners of the Common Shares of the Fund, forms used to exercise rights, any letters from the Fund to securities dealers, commercial banks and other nominees or any newspaper
announcements or other offering materials and information in connection with the Offer; <u>provided</u>, <u>however</u>, that any use of transmittal documentation and subscription documentation independently prepared by the Dealer Manager,
broker-dealers, directors, nominees or other financial intermediaries shall not cause a violation of this Section 1(a)(xxiii). The Fund has not engaged in, or authorized any other person to engage in, any communications pursuant to Rule 163B of
the Securities Act Rules and

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Regulations in connection with the Offer, other than with the prior consent of the Dealer Manager, and the Fund has not distributed, or authorized any other person to distribute, any written communication pursuant to Rule 163B of the Securities Act Rules and Regulations in connection with the Offer, other than those distributed with the prior consent of the Dealer Manager. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) All Offering Materials complied and will comply in all material respects with the applicable requirements of
the Securities Act, the Investment Company Act, the Rules and Regulations and the rules and interpretations of FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) The Fund maintains a system of internal accounting controls sufficient to provide reasonable assurance that
(A) transactions are executed in accordance with management's general or specific authorization; (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with U.S. generally accepted
accounting principles and to maintain accountability for assets; (C) access to assets is permitted only in accordance with management's general or specific authorization; and (D) the recorded accountability for assets is compared
with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) The Fund has established and maintains disclosure controls and procedures; such disclosure controls and
procedures (as such term is defined in Rule 30a-3 of the Investment Company Act Rules and Regulations) are designed to ensure that material information relating to the Fund is made known to the Fund's
Chief Executive Officer and its Chief Financial Officer by others within the Fund, and such disclosure controls and procedures are effective to perform the functions for which they were established; the Fund is not aware of any material weakness in
its internal controls over financial reporting. The Fund's independent registered public accounting firm and the Audit Committee of the Board of Directors of the Fund have been advised of: (A) any significant deficiencies in the design or
operation of internal controls over financial reporting which could adversely affect the Fund's ability to record, process, summarize, and report financial data; and (B) any fraud, whether or not material, that involves management or
other employees who have a significant role in the Fund's internal controls over financial reporting; and (C) any material weaknesses in the Fund's internal controls over financial reporting have been identified for the Fund's
independent registered public accounting firm; and since the date of the most recent evaluation of such disclosure controls and procedures, there have been no significant changes in internal controls over financial reporting or in other factors that
could materially affect internal controls over financial reporting, including any corrective actions with regard to any significant deficiencies and material weaknesses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi) The Fund and its officers and directors, in their capacities as such, are in compliance in all material
respects with the applicable provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvii) No person is serving or acting as an officer, director or investment adviser of the Fund except in
accordance with the provisions of the Investment Company Act. Except as disclosed in the Registration Statement and the Prospectus, no director of the Fund is (A) an "interested person" (as defined in the Investment Company Act) of
the Fund or (B) an "affiliated person" (as defined in the Investment

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Company Act) of the Dealer Manager. For purposes of this Section 1(a)(xxviii), the Fund and the Adviser shall be entitled to rely on representations from such officers and directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) The Fund's Board of Directors has validly appointed an audit committee whose composition satisfies the
requirements of rules of the NYSE applicable to the Fund, and the Board of Directors and/or the audit committee has adopted a charter that satisfies the requirements of rules of the NYSE applicable to the Fund. The audit committee has reviewed the
adequacy of its charter within the past twelve months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxix) Any statistical, demographic or market-related data included in the Registration Statement, the Prospectus
or the other Offering Materials are based on or derived from sources that the Fund and the Adviser believe to be reasonably reliable and accurate, and all such data included in the Registration Statement, the Prospectus and the other Offering
Materials accurately reflects the materials upon which it is based or from which it was derived in all material respects, and, to the extent required, the Fund has obtained the written consent to the use of such data from such sources.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) No transaction has occurred between or among the Fund and any of its officers or directors, shareholders or
affiliates or any affiliate or affiliates of any such officer or director or shareholder or affiliate that is required to be described in and is not described in the Registration Statement and the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxi) Neither the Fund nor, to the knowledge of the Fund or the Adviser, any employee or agent of the Fund has
made any payment of funds of the Fund or received or retained any funds on behalf of the Fund, which payment, receipt or retention of funds is of a character required to be disclosed in the Registration Statement or Prospectus and is not so
disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxii) The Fund has filed all U.S. federal and all material state, local and foreign tax returns which are required
to be filed through the date hereof, which returns are true and correct in all material respects or has received timely extensions thereof, and has paid all taxes shown on such returns and all assessments received by it to the extent that the same
are material and have become due. There are no tax audits or investigations pending which, if adversely determined, would have a Fund Material Adverse Effect nor are there any proposed additional tax assessments against the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) The Fund is insured by insurers of recognized financial responsibility against such losses and risks and in
such amounts as are prudent and customary in the businesses in which it is engaged; all policies of insurance insuring the Fund or its business, assets, employees, officers and directors, including the Fund's directors and officers errors and
omissions insurance policy and its fidelity bond required by Rule 17g-1 of the Investment Company Act Rules and Regulations, are in full force and effect; the Fund is in compliance with the terms of such
policy and fidelity bond; and there are no claims by the Fund under any such policy or fidelity bond as to which any insurance company is denying liability or defending under a reservation of rights clause; the Fund has not been refused any
insurance coverage sought or applied for; and the Fund has no reason to believe that it will not be able to renew its existing insurance coverage and fidelity bond as and when such

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coverage and fidelity bond expires or to obtain similar coverage and fidelity bond from similar insurers as may be necessary to continue its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiv) The Fund owns or possesses, or can acquire on reasonable terms, adequate patents, patent rights, licenses,
inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems, or procedures), trademarks, service marks, trade names or
other intellectual property (collectively, " <u>Intellectual Property</u> ") necessary to carry on the business operated by the Fund, except for that which the failure to own or possess would not reasonably be expected to have a Fund
Material Adverse Effect, and the Fund has not received any notice or is not otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances that, if the
subject of an unfavorable decision, ruling or finding, would have a Fund Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxv) Neither the Fund nor, to the knowledge of the Fund or the Adviser, any director, officer, agent, employee or
representative of the Adviser acting on behalf of the Fund, including, without limitation, any director, officer, agent or employee of the Fund, has, while acting on behalf of the Fund (A) used any funds of the Fund for unlawful contributions,
gifts, entertainment or other unlawful expenses relating to political activity; (B) made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns from corporate
funds; (C) violated any provision of the Foreign Corrupt Practices Act of 1977, as amended (the " <u>FCPA</u> "); or (D) made any other unlawful payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvi) The operations of the Fund are and have been conducted at all times in compliance in all material respects
with applicable financial recordkeeping and reporting requirements of the Bank Secrecy Act of 1970, as amended, the applicable money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar
rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the " <u>Money Laundering Laws</u> ") and no action, suit or proceeding by or before any court or governmental agency, authority
or body or any arbitrator involving the Fund with respect to the Money Laundering Laws is pending or, to the knowledge of the Fund or the Adviser, threatened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvii) Neither the Fund nor, to the knowledge of the Fund or the Adviser, any director, officer, agent or employee
of the Fund or the Adviser is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (" <u>OFAC</u> "); and the Fund will not directly or indirectly use the proceeds of
the Offer, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions
administered by OFAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxviii) All of the information provided to the Dealer Manager or to counsel for the Dealer Manager by the Fund and
its officers in connection with letters, filings or other supplemental information provided to FINRA pursuant to FINRA's conduct rules is true, complete and correct in all material respects.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Adviser represents and warrants to, and agrees with, the Dealer Manager as of the date hereof, as of the
Representation Date and as of the Expiration Date that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Adviser has been duly organized and is validly existing as a limited liability company in good standing
under the laws of the State of Delaware, has full power and authority to own, lease and operate its properties, own its assets and conduct its business and other activities conducted by it as described in the Registration Statement and the
Prospectus, owns, possesses or has obtained and currently maintains all Licenses and Permits, whether foreign or domestic, necessary to carry on its business and to enable the Adviser to continue to supervise investments in securities as
contemplated in the Registration Statement and Prospectus, except to the extent that the failure to own, possess or obtain and maintain such Licenses and Permits could not reasonably be expected to have a material adverse effect on the condition
(financial or otherwise), business prospects, earnings, business affairs, properties, management, net assets or results of operations of the Adviser, whether or not arising from transactions in the ordinary course of business of the Adviser, or the
Offer (an " <u>Adviser Material Adverse Effect</u> "). The Adviser is duly licensed and qualified to do business and is in good standing in each jurisdiction wherein it owns or leases real property or in which the conduct of its business
or other activity requires such qualification, except where the failure to be so licensed and qualified or be in good standing would not reasonably be expected to have an Adviser Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Adviser is duly registered with the Commission as an investment adviser under the Advisers Act, and is
not prohibited by the Advisers Act or the Investment Company Act, or the rules and regulations under such Acts, from acting as investment adviser for the Fund as contemplated in the Prospectus, the Registration Statement and the Advisory Agreement
and no order or suspension or revocation of such registration has been issued or proceedings therefor initiated or, to the knowledge of the Adviser, threatened by the Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each of this Agreement and the Advisory Agreement (collectively, all the foregoing are referred to herein as
the " <u>Adviser Agreements</u> "), has been duly authorized, executed and delivered by the Adviser, and complies in all material respects with all applicable provisions of the Investment Company Act, the Advisers Act and the rules and
regulations under such Acts, and is, assuming due authorization, execution and delivery by the other parties thereto, a legal, valid, binding and enforceable obligation of the Adviser, subject to the qualification that the enforceability of the
Adviser's obligations thereunder, as applicable, may be limited by U.S. bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general principles of
equity (regardless of whether enforceability is considered in a proceeding in equity or at law), except as enforcement of rights to indemnity and contribution hereunder may be limited by federal or state securities laws or principles of public
policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Neither the execution, delivery, performance and consummation by the Adviser of its obligations under the
Adviser Agreements, nor the consummation of the transactions contemplated therein or in the Prospectus or the Registration Statement nor the fulfillment of the terms thereof will (A) conflict with or violate the articles of incorporation, by-laws or similar organizational documents of the

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Adviser, (B) conflict with, result in a breach or violation of, or constitute a default or an event of default under, or result in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the Adviser under the articles of incorporation, by-laws or similar organizational documents, the terms and provisions of any indenture, mortgage, loan agreement, note, insurance or surety agreement, or any other material lease, instrument or agreement to which the Adviser is a party or by which it may be bound or to which any of the property or assets of the Adviser is subject, or (C) result in any violation of any order, law, rule or regulation of any court, governmental instrumentality, securities exchange or association or arbitrator, whether foreign or domestic, having jurisdiction over the Adviser or any of its properties, except in the case of the clauses (B) or (C) above, where such contravention does not or would not reasonably be expected to have an Adviser Material Adverse Effect. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Except as set forth in the Registration Statement, to the knowledge of the Adviser, there is no pending or
threatened action, suit, claim, investigation, inquiry or proceeding affecting the Adviser or to which the Adviser is a party before or by any court or governmental agency, authority or body or any arbitrator which is of a character required by the
Securities Act, the Investment Company Act or the Rules and Regulations to be described in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) No consent, approval, authorization, notification or order of, or filing with, or the issuance of any
license or permit by, any federal, state, local or foreign court or governmental or regulatory agency, commission, board, authority or body with any self-regulatory organization, other non-governmental regulatory authority, securities exchange or association, whether foreign or domestic, required by the Adviser for the consummation by the Adviser of the transactions to be performed by the Adviser or the performance by the Adviser of all the
material terms and provisions to be performed by or on behalf of it in each case as contemplated in the Adviser Agreements, except such as (i) have been obtained or (ii) the failure to obtain would not reasonably be expected to have an
Adviser Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Adviser (A) has not taken, directly or indirectly, any action designed to cause or to result in, or
that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund to facilitate the issuance of the Rights or the sale or resale of the Rights and the Shares,
(B) has not since the filing of the Registration Statement sold, bid for or purchased, or paid anyone any compensation for soliciting purchases of, Common Shares of the Fund (except for the solicitation of exercises of the Rights pursuant to
this Agreement) and (C) will not, until the later of the expiration of the Rights or the completion of the distribution (within the meaning of Rule 100 of Regulation M under the Exchange Act) of the Shares, sell, bid for or purchase, pay or
agree to pay any person any compensation for soliciting another to purchase any other securities of the Fund (except for the solicitation of exercises of the Rights pursuant to this Agreement); <u>provided</u> <u>that</u> any action in connection
with the Dividend Reinvestment Plan will not be deemed to be within the terms of this Section 1(b)(vii).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The Adviser has adopted and implemented written policies and procedures under Rule 206(4)-7 under the Advisers Act reasonably designed to prevent violation of the Advisers Act by the Adviser and its supervised persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) The Adviser owns or possesses, or can acquire on reasonable terms, the Intellectual Property necessary to
act as investment adviser for the Fund as contemplated in the Prospectus, the Registration Statement and the Advisory Agreement, except to the extent that the failure to own or possess such Intellectual Property would not have an Adviser Material
Adverse Effect and the Adviser has not received any notice or is not otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any
Intellectual Property invalid or inadequate to protect the interest of the Adviser, except for that which if determined to be invalid or inadequate would not reasonably be expected to have an Adviser Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) The Adviser or, to the knowledge of the Adviser, any other person associated with or acting on behalf of the
Adviser including, without limitation, any director, officer, agent or employee of the Adviser, has not while acting on behalf of the Adviser (A) used any corporate funds for unlawful contributions, gifts, entertainment or other unlawful
expenses relating to political activity; (B) made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns from corporate funds; (C) violated any provision of
the FCPA; or (D) made any other unlawful payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) The operations of the Adviser are and have been conducted at all times in compliance with applicable Money
Laundering Laws and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Adviser with respect to the Money Laundering Laws is, to the knowledge of the Adviser, pending or
threatened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Neither the Adviser nor, to the knowledge of the Adviser, any member, director, officer, agent, employee or
affiliate (as defined in Rule 405 under the Securities Act Rules and Regulations) of the Adviser is currently subject to any U.S. sanctions administered by OFAC; and the Adviser will not directly or indirectly direct the proceeds of the offering, or
lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Adviser intends to direct the proceeds of the Offer described in the Registration Statement and the
Prospectus in such a manner as to cause the Fund to comply with the requirements of Subchapter M of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) The Adviser has the financial resources available to it necessary for the performance of its services and
obligations as contemplated by the Registration Statement, the Prospectus and the Advisory Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) The Advisory Agreement is in full force and effect and neither the Fund nor the Adviser is in default
thereunder, and no event has occurred which with the passage

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of time or the giving of notice or both would constitute a default under such document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) All information furnished by the Adviser, including, without limitation, the description of the Adviser, for
use in (A) the Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact necessary to make such information not misleading, and (B) the Prospectus does not contain any untrue
statement of a material fact or omit to state any material fact necessary to make such information, in the light of the circumstances under which such statements were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) The Adviser is eligible for and has filed with the Commodity Futures Trading Commission ("CFTC")
and the National Futures Association ("NFA") a notice of eligibility for relief from inclusion within the definition of a commodity pool operator pursuant to Section 4.5 of the general regulations under the Commodity Exchange Act,
as amended ("CEA"), with respect to the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) The Adviser maintains a system of internal controls sufficient to provide reasonable assurances that
(i) transactions effectuated by it under the Advisory Agreement are executed in accordance with its management's general or specific authorization; and (ii) access to the Fund's assets is permitted only in accordance with its
management's general or specific authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any certificate required by this Agreement that is signed by any officer of the Fund or the Adviser and
delivered to the Dealer Manager or counsel for the Dealer Manager shall be deemed a representation and warranty by the Fund or the Adviser, as the case may be, to the Dealer Manager, as to the matters covered thereby.

2. <u>Agreement to Act as Dealer Manager</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On the basis of the representations and warranties contained herein, and subject to the terms and conditions
of the Offer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund hereby appoints the Dealer Manager to solicit the exercise of Rights and authorizes the Dealer
Manager to sell Shares purchased by the Dealer Manager from the Fund through the exercise of Rights as described in the Prospectus in accordance with the Securities Act, the Investment Company Act and the Exchange Act; the Fund hereby authorizes the
Dealer Manager to form and manage a group of selling broker-dealers (each a " <u>Selling Group Member</u> " and collectively, the " <u>Selling Group</u> ") that enter into a Selling Group
Agreement with the Dealer Manager in the form attached hereto as Exhibit A to solicit the exercise of Rights and to sell Shares purchased by the Selling Group Member from the Dealer Manager as described herein. The Dealer Manager hereby agrees to
solicit the exercise of Rights in accordance with its customary practice subject to the terms and conditions of this Agreement, the procedures described in the Registration Statement and the Prospectus; and the Dealer Manager hereby agrees to form
and manage the Selling Group to solicit the exercise of Rights and to sell to the Selling Group Shares purchased by the Dealer Manager from the Fund through the exercise of Rights as described herein in accordance with its customary practice subject
to the terms and conditions of this Agreement, the procedures

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described in the Registration Statement, the Prospectus and, where applicable, the terms and conditions of the Selling Group Agreement.

The Fund hereby authorizes other soliciting broker-dealers (each a "<u>Soliciting Dealer</u>" and collectively the "<u>Soliciting Dealers</u>") to enter into a Soliciting Dealer Agreement with the Dealer Manager in the form attached hereto as Exhibit B to solicit the exercise of Rights. The Fund authorizes and directs the Dealer Manager to enter into, and the Dealer Manager agrees to enter into, a Soliciting Dealer Agreement with each qualified Soliciting Dealer, as set forth in the Soliciting Dealer Agreement. All questions as to the form, validity and eligibility (including time of receipt) of a Soliciting Dealer Agreement will be determined by the Fund, in its sole discretion, which determination shall be final and binding. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund hereby authorizes the Dealer Manager to buy, facilitate the sale of and exercise Rights, including
unexercised Rights delivered to the Subscription Agent for resale and Rights of Record Date Shareholders whose record addresses are outside the United States held by the Subscription Agent for which no instructions are received, on the terms and
conditions set forth in such Prospectus, and to sell Shares to the public or to Selling Group Members at the offering price set by the Dealer Manager from time to time. Sales of Shares by the Dealer Manager or Selling Group Members shall not be at a
price higher than the offering price set by the Dealer Manager from time to time. The proceeds from the sale of Rights will be remitted to the Record Date Shareholders as set forth in the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent permitted by applicable law, the Fund agrees to furnish, or cause to be furnished, to the
Dealer Manager, lists, or copies of those lists, showing the names and addresses of, and number of Common Shares held by, Record Date Shareholders as of the Record Date, and the Dealer Manager agrees to use such information only in connection with
the Offer to identify those securities brokers and dealers that are subscribing to the Offer, and not to furnish the information to any other person except for securities brokers and dealers that have been identified by the Dealer Manager as
soliciting exercises of Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Dealer Manager agrees to provide to the Fund, in addition to the services described in
Section 2(a), financial structuring and solicitation services in connection with the Offer. No advisory fee, other than the fees provided for in Section 3 of this Agreement and the reimbursement of the Dealer Manager's out-of-pocket expenses as described in Section 5 of this Agreement, will be payable by the Fund, or any other party hereto, to the Dealer Manager in connection with the
financial structuring and solicitation services provided by the Dealer Manager pursuant to this Section 2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund and the Dealer Manager agree that the Dealer Manager is an independent contractor with respect to
the solicitation of the exercise of the Rights, and that the Dealer Manager's performance of financial structuring and solicitation services for the Fund is pursuant to a contractual relationship created solely by this Agreement entered into
on an arm's length basis, and in no event do the parties intend that the Dealer Manager act or be responsible as a fiduciary to the Fund, its management, shareholders, creditors or any other person, including Selling Group Members and
Soliciting Dealers, in connection with any activity that the Dealer Manager may undertake or has undertaken in furtherance of its engagement pursuant to this Agreement, either before or after the date hereof. The Dealer Manager hereby expressly
disclaims any fiduciary or similar obligations to the Fund, either

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in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions, and the Fund hereby confirms its understanding and agreement to that effect. The Fund and the Dealer Manager agree that they are each responsible for making their own independent judgments with respect to any such transactions, and that any opinions or views expressed by the Dealer Manager to the Fund regarding such transactions, including, but not limited to, any opinions or views with respect to the subscription price or market for the Fund's Shares, do not constitute advice or recommendations to the Fund. The Fund confirms its understanding and agreement that pursuant to the applicable Selling Group Agreement or Soliciting Dealer Agreement each Selling Group Member and Soliciting Dealer will disclaim any fiduciary or similar obligations to the Fund, either in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions. The Fund agrees that each Selling Group Member and Soliciting Dealer is responsible for making their own independent judgments with respect to any such transactions, and that any opinions or views expressed by the Selling Group Members or Soliciting Dealers to the Fund regarding such transactions, including but not limited to any opinions or views with respect to the subscription price or market for the Fund's Shares, do not constitute advice or recommendations to the Fund. The Fund hereby waives and releases, to the fullest extent permitted by law, any claims that the Fund may have against the Dealer Manager, Selling Group Members and Soliciting Dealers with respect to any breach or alleged breach of any fiduciary or similar duty to the Fund in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions; <u>provided</u> that this release shall not protect or purport to protect the Dealer Manager, Selling Group Members and Soliciting Dealers against any liability to which they would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence, in the performance of their duties, or by reason of their reckless disregard of their obligations and duties under this Agreement. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In rendering the services contemplated by this Agreement, the Dealer Manager will not be subject to any
liability to the Fund or the Adviser or any of their affiliates, for any act or omission on the part of any Selling Group Members, Soliciting Dealers or other soliciting broker or dealer (except with respect to the Dealer Manager acting in such
capacity) or any other person, and the Dealer Manager will not be liable for acts or omissions in performing its obligations under this Agreement, except for any losses, claims, damages, liabilities and expenses that are finally judicially
determined to have resulted primarily from the bad faith, willful misconduct or gross negligence or reckless disregard of the Dealer Manager or by reason of the reckless disregard of the obligations and duties of the Dealer Manager under this
Agreement.

3. <u>Dealer Manager Fees</u>. In full payment for the financial structuring and solicitation services rendered
and to be rendered hereunder by the Dealer Manager, the Fund agrees to pay the Dealer Manager a fee (the " <u>Dealer Manager Fee</u> ") equal to 3.75% of the aggregate Subscription Price for the Shares issued pursuant to the exercise of
Rights and the Over-Subscription Privilege, a portion of which Dealer Manager Fee may be reallowed to an affiliate of the Dealer Manager. In full payment for the soliciting and selling efforts to be rendered
by Selling Group Members, the Fund authorizes and directs the Dealer Manager to reallow, and the Dealer Manager agrees to reallow, selling fees (the " <u>Selling Fees</u> ") to Selling Group Members equal to 2.00% of the Subscription Price
per Share for each Share issued pursuant to either (a) the exercise of Rights and the Over-Subscription Privilege where such Selling Group Member is so designated on the subscription form or (b) the
purchase for resale from the Dealer Manager in accordance with the Selling Group Agreement. With respect to Shares purchased by a Selling Group Member from the Dealer Manager in accordance with the Selling Group Agreement, such fee may from time to
time vary from 2.00%

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of the Subscription Price per Share. In full payment for the soliciting efforts to be rendered by Soliciting Dealers, the Fund authorizes and directs the Dealer Manager to reallow, and the Dealer Manager agrees to reallow, soliciting fees (the "<u>Soliciting Fees</u>") to Soliciting Dealers who comply with the procedures set forth in the Soliciting Dealer Agreement equal to 0.50% of the Subscription Price per Share for each Share issued pursuant to the exercise of Rights and the Over-Subscription Privilege where such Soliciting Dealer is so designated on the subscription form, subject to a maximum fee based on the number of Common Shares held by such Soliciting Dealer through The Depository Trust Company ("DTC") on the Record Date. The Dealer Manager agrees to pay the Selling Fees or Soliciting Fees, as the case may be, to the broker-dealer designated on the applicable portion of the form used by the holder to exercise Rights and the Over-Subscription Privilege, and if no broker-dealer is so designated or a broker-dealer is otherwise not entitled to receive compensation pursuant to the terms of the Selling Group Agreement or Soliciting Dealer Agreement, then the Dealer Manager shall retain such Selling Fee or Soliciting Fee for Shares issued pursuant to the exercise of Rights and the Over-Subscription Privilege. Payment to the Dealer Manager by the Fund will be in the form of a wire transfer of same day funds to an account or accounts identified by the Dealer Manager. Such payment will be made on each date on which the Fund issues Shares after the Expiration Date. Payment to a Selling Group Member or Soliciting Dealer will be made by the Dealer Manager by wire transfer of same day funds to an account or accounts identified by such Selling Group Member or Soliciting Dealer. Such payments shall be made on or before the tenth business day following the day the Fund issues Shares after the Expiration Date. <br>

4. <u>Other Agreements</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund covenants with the Dealer Manager as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund will use its best efforts to maintain the Registration Statement's effectiveness under the
Securities Act, and will advise the Dealer Manager promptly as to the time at which any amendments thereto (including any post-effective amendment) becomes so effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Fund will notify the Dealer Manager immediately (A) of the effectiveness of any amendment to the
Registration Statement (including any post-effective amendment), (B) of the receipt of any comments from the Commission, (C) of any request by the Commission for any amendment to the Registration
Statement or any amendment or supplement to the Prospectus or for additional information, (D) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings
for that purpose and (E) of the receipt of any written notice regarding the suspension of the qualification of the Shares or the Rights for offering or sale in any jurisdiction. The Fund will make every reasonable effort to prevent the issuance
of any stop order described in subsection (D) hereunder and, if any such stop order is issued, to obtain the lifting thereof at the earliest possible moment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Fund will give the Dealer Manager notice of its intention to file any amendment to the Registration
Statement (including any post-effective amendment) or any amendment or supplement to the Prospectus (including any revised prospectus which the Fund proposes for use by the Dealer Manager in connection with
the Offer, which differs from the prospectus on file at the Commission at the time the Registration Statement becomes effective, whether or not such revised prospectus is required to be filed pursuant to Rule 424(b) of the

------

Securities Act Rules and Regulations), whether pursuant to the Investment Company Act, the Securities Act, or otherwise, and will furnish the Dealer Manager with copies of any such amendment or supplement a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file any such amendment or supplement to which the Dealer Manager or counsel for the Dealer Manager shall reasonably object. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Fund will file any Issuer Free Writing Prospectus to the extent required by Rule 433.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Fund will, without charge, deliver to the Dealer Manager, as soon as practicable, the number of copies
of the Registration Statement as originally filed and of each amendment thereto as it may reasonably request, in each case with the exhibits filed therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Fund will, without charge, furnish to the Dealer Manager, from time to time during the period when the
Prospectus is required to be delivered under the Securities Act, such number of copies of the Prospectus (as amended or supplemented) and any Issuer Free Writing Prospectus as the Dealer Manager may reasonably request for the purposes contemplated
by the Securities Act or the Securities Act Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) If any event shall occur as a result of which it is necessary, in the reasonable opinion of counsel for the
Dealer Manager, to amend or supplement the Registration Statement, the Prospectus or any Issuer Free Writing Prospectus (or the other Offering Materials) to make the Prospectus or any Issuer Free Writing Prospectus (or such other Offering Materials)
not contain an untrue statement of material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is
delivered to a Record Date Shareholder, the Fund will forthwith amend or supplement the Prospectus or any Issuer Free Writing Prospectus (or otherwise will amend or supplement such other Offering Materials) by preparing and filing with the
Commission (and furnishing to the Dealer Manager a reasonable number of copies of) an amendment or amendments of the Registration Statement or an amendment or amendments of or a supplement or supplements to the Prospectus or any Issuer Free Writing
Prospectus (in form and substance reasonably satisfactory to counsel for the Dealer Manager), at the Fund's expense, which will amend or supplement the Registration Statement, the Prospectus or any Issuer Free Writing Prospectus (or otherwise
will amend or supplement such other Offering Materials) so that the Prospectus or any Issuer Free Writing Prospectus (or such other Offering Materials) will not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing at the time the Prospectus or any Issuer Free Writing Prospectus (or such other Offering Materials) is delivered to a Record Date
Shareholder, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The Fund will endeavor, in cooperation with the Dealer Manager and its counsel, to qualify the Rights and
the Shares for offering and sale under the applicable securities laws of such states and other jurisdictions of the United States as the Dealer Manager may designate and maintain such qualifications in effect for the

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duration of the Offer; provided, however, that the Fund will not be obligated to file any general consent to service of process, or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not now so qualified. The Fund will file such statements and reports as may be required by the laws of each jurisdiction in which the Rights and the Shares have been qualified as above provided. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) The Fund, during the period when the Prospectus is (or, but for the exception afforded by Rule 172 of the
Securities Act, would be) required to be delivered under the Securities Act, will file all documents required to be filed with the Commission pursuant to the Exchange Act within the time periods required by the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) The Fund will make generally available to its security holders as soon as practicable, an earnings statement
(which need not be audited) (in form complying with the provisions of Rule 158 of the Securities Act Rules and Regulations) covering a twelve-month period beginning not later than the first day of the
Fund's fiscal semi-annual period next following the "effective" date (as defined in said Rule 158) of the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) For a period of 180 days from the date of this Agreement, the Fund will not, without the prior consent of
the Dealer Manager, offer or sell, or enter into any agreement to sell, any equity or equity related securities of the Fund or securities convertible into such securities, other than the Rights and the Shares and the Common Shares issued in
reinvestment of dividends or distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) The Fund will cause the Rights to be admitted for trading and the Shares to be duly authorized for listing
by the NYSE prior to the time the Rights and the Shares are issued, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Fund will use commercially reasonable efforts to maintain its qualification as a regulated investment
company under Subchapter M of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) The Fund will apply the net proceeds from the Offer in such a manner as to continue to comply with the
requirements of the Prospectus as set forth under "Use of Proceeds" and the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) (xiii) The Fund will advise or cause the Subscription Agent (A) to advise the Dealer Manager and, only
where specifically noted, each Selling Group Member who specifically requests, from day to day during the period of, and promptly after the termination of, the Offer, as to the names and addresses of all Record Date Shareholders exercising Rights,
the total number of Rights exercised by each Record Date Shareholder during the immediately preceding day, indicating the total number of Rights verified to be in proper form for exercise, rejected for exercise and being processed and, for the
Dealer Manager and each Selling Group Member, the number of Rights exercised on subscription certificates indicating the Dealer Manager or such Selling Group Member, as the case may be, as the broker-dealer with respect to such exercise, and as to
such other information as the Dealer Manager may reasonably request; and will notify the Dealer Manager and each Selling Group Member, not later than 5:00 p.m., New York City time, on the first business day following the Expiration Date, of the
total number of Rights exercised

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and Shares related thereto, the total number of Rights verified to be in proper form for exercise, rejected for exercise and being processed and, for the Dealer Manager and each Selling Group Member, the number of Rights exercised on subscription certificates indicating the Dealer Manager or such Selling Group Member, as the case may be, as the broker-dealer with respect to such exercise, and as to such other information as the Dealer Manager may reasonably request; (B) to offer to sell any Rights received for resale from Record Date Shareholders, including clients of Selling Group Members, exclusively to or through the Dealer Manager, which may, at its election, purchase such Rights as principal or act as agent for the resale thereof; <u>provided</u> that if the Dealer Manager declines to purchase the Rights received by the Subscription Agent for resale from Record Date Shareholders, the Subscription Agent will attempt to sell such Rights in the open market; and (C) to issue Shares upon the Dealer Manager's exercise of Rights prior to the Expiration Date at a price equal to the greater of 92.5% of the last reported sale price of a Common Share on the NYSE on the date of such exercise, provided, however, that if 92.5% of the last reported sale price of a Common Share on the NYSE on the date of such exercise is less than 88% of the last reported NAV of a Common Share on the date of such exercise, then the price shall equal 88% of the last reported NAV of a Common Share on the date of such exercise, such Shares to be issued no later than the close of business on the business day following the day that full payment for such Shares has been received by the Subscription Agent. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither the Fund nor the Adviser will take, directly or indirectly, any action designed to cause or to
result in, or that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Fund to facilitate the issuance of the Rights or the sale or resale of the Rights or the
Shares; <u>provided</u> that any action in connection with the Dividend Reinvestment Plan will not be deemed to be within the meaning of this Section 4.b.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as required by applicable law, the use of any reference to the Dealer Manager in any Offering
Materials or any other document or communication prepared, approved or authorized by the Fund or the Adviser in connection with the Offer is subject to the prior approval of the Dealer Manager; <u>provided</u> that if such reference to the Dealer
Manager is required by applicable law, the Fund and the Adviser agree to notify the Dealer Manager within a reasonable time prior to such use but the Fund and the Adviser are nonetheless permitted to use such reference.

5. <u>Payment of Expenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund will pay all expenses incident to the performance of its obligations under this Agreement and in
connection with the Offer, including, but not limited to (i) expenses relating to the printing and filing of the Registration Statement as originally filed and of each amendment thereto, (ii) expenses relating to the preparation, issuance
and delivery of the certificates, if any, for the Shares and subscription certificates relating to the Rights, (iii) the fees and disbursements of the Fund's counsel (including the fees and disbursements of local counsel) and accountants,
(iv) expenses relating to the qualification of the Rights and the Shares under securities laws in accordance with the provisions of Section 4(a)(vii) of this Agreement, including filing fees, (v) expenses relating to the printing or
other production and delivery to the Dealer Manager of copies of the Registration Statement as originally filed and of each amendment thereto and of the Prospectus and any amendments or supplements thereto, (vi) the fees and expenses incurred
with respect to filing with

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FINRA, including filing fees, if any, paid to FINRA by the Dealer Manager's counsel with respect thereto, (vii) the fees and expenses incurred in connection with the listing of the Rights and the Shares on the NYSE, (viii) expenses relating to the printing or other production, mailing and delivery expenses incurred in connection with Offering Materials, including all reasonable out-of-pocket fees and expenses, if any and not to exceed $10,000, incurred by the Dealer Manager, Selling Group Members, Soliciting Dealers and other brokers, dealers and financial institutions in connection with their customary mailing and handling of materials related to the Offer to their customers, upon proper presentation of documentation therefor (ix) the fees and expenses incurred with respect to the Subscription Agent and the Information Agent and (x) all other fees and expenses (excluding the announcement, if any, of the Offer in <u>The Wall Street Journal</u>, the expense of which will be incurred by the Dealer Manager) incurred in connection with or relating to the Offer. The Fund agrees to pay the foregoing expenses whether or not the transactions contemplated under this Agreement are consummated. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition to any fees that may be payable to the Dealer Manager under this Agreement, the Fund agrees to
reimburse the Dealer Manager upon request made from time to time for a portion of its reasonable out-of-pocket expenses incurred in connection with its activities under
this Agreement, including the reasonable fees and disbursements of its legal counsel (excluding fees and expenses pursuant to Section 5(a)(iv) which are to be paid directly by the Fund), upon proper presentation of documentation therefor, in an
amount not to exceed $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If this Agreement is terminated by the Dealer Manager in accordance with the provisions of Section 6 or
Section 9(a), the Fund agrees to reimburse the Dealer Manager for all of its reasonable out-of-pocket expenses incurred in connection with its performance
hereunder, including the reasonable fees and disbursements of counsel for the Dealer Manager, upon proper presentation of documentation therefor, in an amount not to exceed $150,000. In the event the transactions contemplated hereunder are not
consummated, the Fund agrees to pay all of the costs and expenses set forth in Sections 5(a) and (b), which the Fund would have paid if such transactions had been consummated.

6. <u>Conditions of the Dealer Manager's Obligations</u>. The obligations of the Dealer Manager hereunder
(including any obligation to pay for Shares issuable upon exercise of Rights by the Dealer Manager) are subject to the accuracy of the respective representations and warranties of the Fund and the Adviser contained herein, to the performance by the
Fund and the Adviser of their respective obligations hereunder, and to the following further conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Prospectus and any amendment or supplement thereto shall have been filed with the Commission in the
manner and within the time period required by Rule 424(b) under the Securities Act; no stop order suspending the effectiveness of the Registration Statement or any amendment thereto shall have been issued, no revocation of registration has been
issued and no proceedings for that purpose shall have been instituted or threatened or, to the knowledge of the Fund, the Adviser or the Dealer Manager, shall be contemplated by the Commission; and the Fund shall have complied with any request of
the Commission for additional information (to be included in the Registration Statement, the Prospectus or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Representation Date and the Expiration Date, the Dealer Manager shall have received:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The opinion, dated the Representation Date and the Expiration Date, of Ropes & Gray LLP, counsel
for the Fund in the form of Exhibit C-1 to this Agreement and in substance satisfactory to counsel for the Dealer Manager.

In rendering such opinion, such counsel may rely as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Fund and public officials.

Such counsel shall also have stated that, while they have not themselves checked the accuracy and completeness of or otherwise verified, and are not passing upon and assume no responsibility for the accuracy or completeness of, the statements contained in the Registration Statement or the Prospectus, in the course of their review and discussion of the contents of the Offering Materials and Registration Statement with certain officers and/or employees of the Fund, the Adviser and the Fund's independent registered public accounting firm, no facts have come to their attention which cause them to believe that the Registration Statement, on the date it became effective, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements contained therein not misleading or that the Prospectus, as of its date and on the Representation Date or the Expiration Date, as the case may be, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that such counsel need not express any statement or belief with respect to the financial statements, schedules or other financial data included or incorporated by reference in the Registration Statement or Prospectus or omitted therefrom).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The opinion, dated the Representation Date and the Expiration Date, of Venable LLP, special Maryland counsel
for the Fund, in the form of Exhibit C-2 to this Agreement and in substance satisfactory to counsel for the Dealer Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The opinion, dated the Representation Date and the Expiration Date, of Ropes & Gray LLP, counsel
for the Adviser, in the form of Exhibit D to this Agreement and in substance satisfactory to counsel for the Dealer Manager.

In rendering such opinion, such counsel may rely as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Adviser and public officials.

Such counsel shall also have stated that, while they have not themselves checked the accuracy and completeness of or otherwise verified, and are not passing upon and assume no responsibility for the accuracy or completeness of, the statements contained in the Registration Statement or the Prospectus, in the course of their review and discussion of the contents of the Offering Materials and Registration Statement with certain officers and/or employees of the Fund, the Adviser and the Fund's independent registered public accounting firm, no facts have come to their attention which cause them to believe that the Registration Statement, on the date it became effective, contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements contained therein not misleading or that the Prospectus, as of its date and on the Representation Date or the Expiration Date, as the case may be,

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contained an untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that such counsel need not express any statement or belief with respect to the financial statements, schedules or other financial data included or incorporated by reference in the Registration Statement or Prospectus or omitted therefrom).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Dealer Manager shall have received from Skadden, Arps, Slate, Meagher & Flom LLP, counsel for
the Dealer Manager, such opinion or opinions, dated the Representation Date and the Expiration Date, with respect to the Offer, the Registration Statement, the Prospectus and other related matters as the Dealer Manager may reasonably require, and
the Fund shall have furnished to such counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund shall have furnished to the Dealer Manager certificates of the Fund, signed on behalf of the Fund
by the President or other senior officer of the Fund, dated the Representation Date and the Expiration Date, to the effect that the signer(s) of such certificate carefully examined the Registration Statement, the Prospectus, any supplement to the
Prospectus and this Agreement and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of the Fund in this Agreement are true and correct on and as of the
Representation Date or the Expiration Date, as the case may be, with the same effect as if made on the Representation Date or the Expiration Date, as the case may be, and the Fund has complied with all the agreements and satisfied all the conditions
on its part to be performed or satisfied at or prior to the Representation Date or the Expiration Date, as the case may be (to the extent not waived in writing by the Dealer Manager);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no stop order suspending the effectiveness of the Registration Statement has been issued, no revocation of
registration has been issued and no proceedings for that purpose have been instituted or threatened by the Commission or any other regulatory body, whether foreign or domestic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) since the date of the most recent statement of assets and liabilities included or incorporated by reference
in the Prospectus, there has been no material adverse change, or any development involving a prospective material adverse change, in the condition (financial or other), business, prospects, management, properties, net worth or results of operations
of the Fund (excluding fluctuations in the Fund's net asset value due to investment activities in the ordinary course of business), except as set forth in or contemplated in the Prospectus; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Fund has performed all of its respective obligations that this Agreement requires it to perform by such
Representation Date (to the extent not waived in writing by the Dealer Manager).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Adviser shall have furnished to the Dealer Manager certificates of the Adviser, signed on behalf of the
Adviser by the Principal or other senior officer dated the Representation Date and the Expiration Date, to the effect that the signer(s) of such certificate carefully examined the Registration Statement, the Prospectus, any supplement to the
Prospectus and this Agreement and that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of the Adviser in this Agreement are true and correct on and as of the
Representation Date or the Expiration Date, as the case may be, with the same effect as if made on the Representation Date or the Expiration Date, as the case may be, and the Adviser has complied with all the agreements and satisfied all the
conditions on its part to be performed or satisfied at or prior to the Representation Date or the Expiration Date, as the case may be (to the extent not waived in writing by the Dealer Manager);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no order having adverse effect on the ability of the Adviser to fulfill its obligations under this Agreement
or the Advisory Agreement, as the case may be, has been issued and no proceedings for any such purpose are pending or threatened by the Commission or any other regulatory body, whether foreign or domestic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) since the date of the most recent statement of assets and liabilities included or incorporated by reference
in the Prospectus, there has been no material adverse change, or any development involving a prospective material adverse change, in the condition (financial or other), business, prospects, management, properties, net worth or results of operations
of the Fund (excluding fluctuations in the Fund's net asset value due to investment activities in the ordinary course of business), except as set forth in or contemplated in the Prospectus; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Adviser has performed all of its respective agreements that this Agreement requires it to perform by
such Representation Date (to the extent not waived in writing by the Dealer Manager).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Deloitte & Touche LLP shall have furnished to the Dealer Manager letters, dated the Representation
Date and the Expiration Date, in form and substance satisfactory to the Dealer Manager, stating in effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it is an independent registered public accounting firm with respect to the Fund within the meaning of the
Securities Act and the applicable Securities Act Rules and Regulations, and the rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in its opinion, the audited financial statements examined by it and included or incorporated by reference in
the Registration Statement comply as to form in all material respects with the applicable accounting requirements of the Securities Act and the Investment Company Act and the respective Rules and Regulations with respect to registration statements
on Form N-2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) it has performed specified procedures, not constituting an audit in accordance with generally accepted
auditing standards, including a reading of the latest available unaudited financial information of the Fund, a reading of the minute books of the Fund, and inquiries of officials of the Fund responsible for financial and accounting matters, and on
the basis of such inquiries and procedures nothing came to its attention that caused it to believe that at a specified date prior to the Representation Date or the Expiration Date, as the case may be, there was any change in the Common Shares, any
decrease in net assets or any increase in long-term debt of the Fund as compared with amounts shown in the most recent statement of assets and liabilities included or incorporated by reference in the
Registration Statement, except as the Registration Statement discloses has

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occurred or may occur, or they shall state any specific changes, increases or decreases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) in addition to the procedures referred to in clause (iii) above, it has compared certain dollar amounts
(or percentages as derived from such dollar amounts) and other financial information regarding the operations of the Fund appearing in the Registration Statement, which have previously been specified by the Dealer Manager and which shall be
specified in such letter, and have found such items to be in agreement with the accounting and financial records of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Subsequent to the respective dates as of which information is given in the Registration Statement and the
Prospectus (excluding an amendment or supplement subsequent to the Representation Date), (i) there shall not have been any change, increase or decrease specified in the letter or letters referred to in Section 6(f), (ii) no material adverse
change, or any development involving a prospective material adverse change, in the condition (financial or other), business, prospects, management, properties, net worth or results of operations of the Fund shall have occurred or become known and
(iii) no transaction which is material and adverse to the Fund shall have been entered into by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Prior to the Representation Date, the Fund shall have furnished to the Dealer Manager such further
information, certificates and documents as the Dealer Manager may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any of the conditions specified in this Section 6 shall not have been fulfilled when and as provided
in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Dealer Manager and its counsel, this Agreement and all obligations of the
Dealer Manager hereunder may be canceled at, or at any time prior to, the Expiration Date by the Dealer Manager. Notice of such cancellation shall be given to the Fund in writing or by telephone confirmed in writing.

7. <u>Indemnity and Contribution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Fund and the Adviser, jointly and severally, agrees to indemnify, defend and hold harmless the
Dealer Manager, each Selling Group Member and each Soliciting Dealer, and their respective partners, directors, officers, employees, agents and affiliates and any person who controls the Dealer Manager, a Selling Group Member and or a Soliciting
Dealer within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the successors and assigns of all of the foregoing persons from and against any loss, damage, expense, liability or claim (including the
reasonable cost of investigation) which, jointly or severally, the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person may incur under the Securities Act, the Exchange Act, the Investment Company Act, the Advisers Act,
common law or otherwise, insofar as such loss, damage, expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or in the Registration
Statement as amended by any post-effective amendment thereof by the Fund) or in a Prospectus (the term " <u>Prospectus</u> " for the purpose of this Section 7 being deemed to include any
preliminary prospectus, the Offering Materials, the Prospectus and the Prospectus as amended or supplemented by the Fund), or arises out of or is based upon any omission or alleged omission to state a material fact required to be stated in either
such Registration Statement or Prospectus or necessary to make the statements made therein, in

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the light of the circumstances under which they were made, not misleading, except insofar as any such loss, damage, expense, liability or claim arises out of or is based upon any untrue statement or omission or alleged untrue statement or omission of a material fact contained in and in conformity with information furnished in writing by or on behalf of the Dealer Manager to the Fund or the Adviser expressly for use with reference to the Dealer Manager, Selling Group Members or Soliciting Dealers in such Registration Statement or such Prospectus. <br>

If any action, suit or proceeding (together, a "<u>Proceeding</u>") is brought against the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person in respect of which indemnity may be sought against the Fund or the Adviser pursuant to the foregoing paragraph, the Dealer Manager, a Selling Group Member, a Soliciting Dealer or such person shall promptly notify the Fund and the Adviser in writing of the institution of such Proceeding and the Fund shall assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to such indemnified party and payment of all reasonable fees and expenses; <u>provided</u>, <u>however</u>, that the failure to so notify the Fund and the Adviser shall not relieve the Fund from any liability which the Fund or the Adviser may have to the Dealer Manager, a Selling Group Member, a Soliciting Dealer or any such person or otherwise, unless such omission results in the forfeiture of substantive rights or defenses by the indemnifying party. The Dealer Manager, a Selling Group Member, a Soliciting Dealer or such person shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of the Dealer Manager, a Selling Group Member, a Soliciting Dealer or of such person unless the employment of such counsel shall have been authorized in writing by the Fund or the Adviser, as the case may be, in connection with the defense of such Proceeding or the Fund or the Adviser shall not have, within a reasonable period of time in light of the circumstances, employed counsel to have charge of the defense of such Proceeding or such indemnified party or parties shall have reasonably concluded (based on advice from counsel) that there may be defenses available to it or them which are different from, additional to or in conflict with those available to the Fund or the Adviser (in which case the Fund or the Adviser shall not have the right to direct the defense of such Proceeding on behalf of the indemnified party or parties, but the Fund or the Adviser may employ counsel and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of the Fund or the Adviser, as the case may be), in any of which events the reasonable fees and expenses shall be borne by the Fund or the Adviser and paid as incurred in any one Proceeding or series of related Proceedings in the same jurisdiction representing the indemnified parties who are parties to such Proceeding (provided that the Fund or the Adviser shall not be liable for the expenses of more than one separate counsel in connection with any one Proceeding or series of related Proceedings). Neither the Fund nor the Adviser shall be liable for any settlement of any Proceeding effected without its written consent, but if a Proceeding is settled with the written consent of the Fund or the Adviser, then the Fund or the Adviser, as the case may be, agrees to indemnify and hold harmless the Dealer Manager, a Selling Group Member, a Soliciting Dealer and any such person from and against any loss or liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second sentence of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its written consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such indemnified party shall have given the indemnifying party at least 30 days' prior notice of its intention to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened Proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure to act, by or on behalf of such indemnified party unless such indemnified party gives written consent to such admission of fault, culpability or a failure to act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Dealer Manager agrees to indemnify, defend and hold harmless the Fund and the Adviser, and their
respective trustees, directors and officers, employees, agents and affiliates, and any person who controls the Fund or the Adviser, within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the
successors and assigns of all of the foregoing persons to the same extent as the foregoing indemnity from the Fund or the Adviser to the Dealer Manager, from and against any loss, damage, expense, liability or claim (including the reasonable cost of
investigation) which, jointly or severally, the Fund, the Adviser or any such person may incur under the Securities Act, the Exchange Act, the Investment Company Act, the Advisers Act, the common law or otherwise, insofar as such loss, damage,
expense, liability or claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in and in conformity with information furnished in writing by or on behalf of the Dealer Manager to the Fund
expressly for use with reference to the Dealer Manager in the Registration Statement (or in the Registration Statement as amended by any post-effective amendment thereof by the Fund) or in a Prospectus, or
arises out of or is based upon any omission or alleged omission to state a material fact in connection with such information required to be stated in such Registration Statement or such Prospectus or necessary to make such information not misleading
(with respect to the Prospectus, in the light of the circumstances under which they were made).

If any Proceeding is brought against the Fund, the Adviser or any such person in respect of which indemnity may be sought against the Dealer Manager pursuant to the foregoing paragraph, the Fund, the Adviser or such person shall promptly notify the Dealer Manager in writing of the institution of such Proceeding and the Dealer Manager shall assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to such indemnified party and payment of all reasonable fees and expenses; <u>provided</u>, <u>however</u>, that the omission to so notify the Dealer Manager shall not relieve the Dealer Manager from any liability which the Dealer Manager may have to the Fund or any such person or otherwise, unless such omission results in the forfeiture of substantive rights or defenses by the indemnifying party. The Fund, the Adviser or such person shall have the right to employ its own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of the Fund, the Adviser or such person, as the case may be, unless the employment of such counsel shall have been authorized in writing by the Dealer Manager in connection with the defense of such Proceeding or such Dealer Manager shall not have, within a reasonable period of time in light of the circumstances, employed counsel to have charge of the defense of such Proceeding or such indemnified party or parties shall have reasonably concluded (based on advice from counsel) that there may be defenses available to it or them which are different from or additional to or in conflict with those available to the Dealer Manager (in which case the Dealer Manager shall not have the right to direct the defense of such Proceeding on behalf of the indemnified party or

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parties, but the Dealer Manager may employ counsel and participate in the defense thereof but the fees and expenses of such counsel shall be at the expense of the Dealer Manager), in any of which events the reasonable fees and expenses shall be borne by the Dealer Manager and paid as incurred (it being understood, however, that the Dealer Manager shall not be liable for the expenses of more than one separate counsel (in addition to any local counsel) in any one Proceeding or series of related Proceedings in the same jurisdiction representing the indemnified parties who are parties to such Proceeding). The Dealer Manager shall not be liable for any settlement of any such Proceeding effected without the written consent of the Dealer Manager but if settled with the written consent of the Dealer Manager, the Dealer Manager agrees to indemnify and hold harmless the Fund, the Adviser and any such person from and against any loss or liability by reason of such settlement. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second sentence of this paragraph, then the indemnifying party agrees that it shall be liable for any settlement of any Proceeding effected without its written consent if (i) such settlement is entered into more than 60 business days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement and (iii) such indemnified party shall have given the indemnifying party at least 30 days' prior notice of its intention to settle. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened Proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such Proceeding and does not include an admission of fault, culpability or a failure to act, by or on behalf of such indemnified party unless such indemnified party gives written consent to such admission of fault, culpability or a failure to act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the indemnification provided for in this Section 7 is unavailable to an indemnified party under
subsections (a) and (b) of this Section 7 in respect of any losses, damages, expenses, liabilities or claims referred to therein, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to
the amount paid or payable by such indemnified party as a result of such losses, damages, expenses, liabilities or claims (i) in such proportion as is appropriate to reflect the relative benefits received by the Fund or the Adviser on the one
hand and the Dealer Manager, Selling Group Member(s) or Soliciting Dealer(s) on the other hand from the offering of the Shares or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as
is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Fund or the Adviser on the one hand and of the Dealer Manager on the other in connection with the statements or
omissions which resulted in such losses, damages, expenses, liabilities or claims, as well as any other relevant equitable considerations with respect to the Offer. The relative benefits received by the Fund or the Adviser on the one hand and the
Dealer Manager, Selling Group Member(s) or Soliciting Dealer(s) on the other shall be deemed to be in the same respective proportions as the total proceeds from the Offer (net of the Dealer Manager Fee but before deducting expenses) received by the
Fund or the Adviser and the total Dealer Manager Fee received by the Dealer Manager, bear to the aggregate public offering price of the Shares. The relative fault of the Fund or the Adviser on the one hand and of the Dealer Manager, Selling Group
Member(s) or Soliciting Dealer(s) on the other shall be determined by reference to, among other things, whether the untrue statement or alleged untrue statement of a material fact or

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omission or alleged omission relates to information supplied by the Fund or the Adviser or the Dealer Manager and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, damages, expenses, liabilities and claims referred to in this subsection shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with investigating, preparing to defend or defending any Proceeding. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund, the Adviser and the Dealer Manager agree that it would not be just and equitable if contribution
pursuant to this Section 7 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in subsection (c) above. Notwithstanding the provisions of this
Section 7, neither the Dealer Manager nor any Selling Group Member or Soliciting Dealer shall be required to contribute any amount in excess of the fees received by it. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding any other provisions in this Section 7, no party shall be entitled to indemnification
or contribution under this Agreement against any loss, claim, liability, expense or damage arising by reason of such person's willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder or by reason of such
person's reckless disregard of such person's obligations and duties thereunder. The parties hereto acknowledge that the foregoing provision shall not be construed to impose upon any such parties any duties under this Agreement other than
as specifically set forth herein (it being understood that the Dealer Manager, Selling Group Members and Soliciting Dealers have no duty hereunder to the Fund or the Adviser to perform any due diligence investigation).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The indemnity and contribution agreements contained in this Section 7 and the covenants, warranties and
representations of the Fund and the Adviser contained in this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the Dealer Manager, a Selling Group Member, a Soliciting Dealer, and their
respective partners, directors or officers or any person (including each partner, officer or director of such person) who controls the Dealer Manager, a Selling Group Member or a Soliciting Dealer within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act, or by or on behalf of the Fund or the Adviser, their directors or officers or any person who controls the Fund or the Adviser within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, and shall survive any termination of this Agreement or the issuance and delivery of the Rights. The Fund, the Adviser and the Dealer Manager agree promptly to notify each other of the commencement of any
Proceeding against it and, in the case of the Fund or the Adviser against any of their officers or directors in connection with the issuance of the Rights, or in connection with the Registration Statement or Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Fund and the Adviser acknowledge that the statements under the heading "Distribution
Arrangements" in the Prospectus constitute the only information furnished in writing to the Fund by the Dealer Manager expressly for use in such document, and the Dealer Manager confirms that such statements are correct in all material
respects.

8. <u>Representations, Warranties and Agreements to Survive Delivery</u>. The respective agreements,
representations, warranties, indemnities and other statements of the Fund or its officers, of the

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Adviser and of the Dealer Manager set forth in or made pursuant to this Agreement shall survive the Expiration Date and will remain in full force and effect, regardless of any investigation made by or on behalf of Dealer Manager or the Fund or the Adviser or any of their officers, directors or controlling persons referred to in Section 7 hereof, and will survive delivery of and payment for the Shares pursuant to the Offer. The provisions of Sections 5 and 7 hereof shall survive the termination or cancellation of this Agreement. <br>

9. <u>Termination of Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The obligations of the Dealer Manager hereunder shall be subject to termination in the absolute discretion
of the Dealer Manager, by notice given to the Fund prior to 5:00 p.m., New York time on the Expiration Date, if (A) since the time of execution of this Agreement or the earlier respective dates as of which information is given in the
Registration Statement and the Prospectus, there has been any material adverse change, or any development involving a prospective material adverse change, in the condition (financial or otherwise), business, prospects, management, properties, net
assets or results of operations of the Fund, which would in the Dealer Manager's judgment, make it impracticable or inadvisable to proceed with the Offer on the terms and manner contemplated in the Registration Statement and the Prospectus, or
(B) since the time of execution of this Agreement, there shall have occurred: (i) a suspension or material limitation in trading in securities generally on the NYSE, NYSE American or the NASDAQ Stock Market; (ii) a suspension or
material limitation in trading in the Fund's Common Shares or in the Rights on the NYSE; (iii) a general moratorium on commercial banking activities declared by either federal or New York State authorities or a material disruption in
commercial banking or securities settlement or clearance services in the United States; (iv) a material adverse change in the financial or securities markets in the United States or the international financial markets; (v) acts of
terrorism or a material outbreak or escalation of hostilities involving the United States or a declaration by the United States of a national emergency or war; or (vi) any other calamity or crisis or any change in financial, political,
economic, currency, banking or social conditions in the United States, if the effect of any such event specified in clause (v) or (vi) in the Dealer Manager's judgment makes it impracticable or inadvisable to proceed with the Offer on the
terms and in the manner contemplated in the Registration Statement and the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any
party to any other party except as provided in Section 5 and the Dealer Manager shall not have any obligation to purchase any Shares upon exercise of Rights.

10. <u>Notices</u>. All communications hereunder will be in writing and effective only on receipt, and, if sent
to the Dealer Manager, will be mailed, delivered or telegraphed and confirmed to UBS Securities LLC, 11 Madson Avenue, New York, New York 10010, Attn: Syndicate Group and, if to the Fund or the Adviser, shall be sufficient in all respects if
delivered or sent to the Fund or the Adviser at 515 South Flower Street, Los Angeles, CA 90017, Attn: Peter Davidson.

11. <u>Successors and Assigns</u>. This Agreement will inure to the benefit of and be binding upon the parties
hereto and their respective successors and assigns and will inure to the benefit of the officers and directors and controlling persons referred to in Section 7 hereof, and no other person will have any right or obligation hereunder.

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12. <u>Applicable Law</u>. This Agreement will be governed by and construed in accordance with the laws of the
State of New York applicable to agreements made and performed in New York (without regard to the conflict of laws principles thereof).

13. <u>Submission to Jurisdiction</u>. Except as set forth below, no claim (a " <u>Claim</u> ") which
relates to the terms of this Agreement or the transactions contemplated hereby may be commenced, prosecuted or continued in any court other than the courts of the State of New York located in the City and County of New York or in the United States
District Court for the Southern District of New York, which courts shall have jurisdiction over the adjudication of such matters, and each of the Fund and the Adviser consents to the jurisdiction of such courts and personal service with respect
thereto. Each of the Fund and the Adviser hereby consents to personal jurisdiction, service and venue in any court in which any Claim arising out of or in any way relating to this Agreement is brought by any third party against the Dealer Manager or
any indemnified party. Each of the Dealer Manager, the Fund (on its behalf and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) and the Adviser (on its behalf and, to the extent permitted by applicable law,
on behalf of its shareholders and affiliates) waives all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement. Each of the Fund and
the Adviser agrees that a final judgment in any such action, proceeding or counterclaim brought in any such court shall be conclusive and binding upon the Fund or the Adviser, as the case may be, and may be enforced in any other courts in the
jurisdiction of which the Fund or the Adviser is or may be subject, by suit upon such judgment.

14. <u>Counterparts</u>. This Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or other similar electronic transmission (such as e-mail) shall be effective as delivery of a manually executed counterpart hereof.

[*Signature Pages Follow*]

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If the foregoing is in accordance with your understanding of our agreement, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement among the Fund, the Adviser and the Dealer Manager.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| TCW STRATEGIC INCOME FUND, INC. | TCW STRATEGIC INCOME FUND, INC. |
| By: |  |
|  | Name: |
|  | Title: |

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| | |
|:---|:---|
| TCW INVESTMENT MANAGEMENT COMPANY<br>LLC | TCW INVESTMENT MANAGEMENT COMPANY<br>LLC |
| By: |  |
|  | Name: |
|  | Title: |

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| | |
|:---|:---|
| The foregoing Agreement is hereby confirmed<br>and accepted as of the date first above written. | The foregoing Agreement is hereby confirmed<br>and accepted as of the date first above written. |
| UBS SECURITIES LLC | UBS SECURITIES LLC |
| By: |  |
|  | Name: |
|  | Title: |

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| | |
|:---|:---|
| By: |  |
|  | Name: |
|  | Title: |

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Exhibit A

TCW STRATEGIC INCOME FUND, INC.

15,928,480 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

SELLING GROUP AGREEMENT

New York, New York

February 19, 2026

UBS Securities LLC

11 Madison Avenue

New York, New York 10010

Ladies and Gentlemen:

We understand that TCW Strategic Income Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), proposes to issue to holders of record (the "<u>Record Date Shareholders</u>") as of the close of business on the record date (the "<u>Record Date</u>") set forth in the Fund's Prospectus (as defined in the Dealer Manager Agreement (the "<u>Dealer Manager Agreement</u>"), dated February 19, 2026, among the Fund, TCW Investment Management Company LLC (the "<u>Adviser</u>") and UBS Securities LLC as the dealer manager (the "<u>Dealer Manager</u>")) transferable rights entitling such Record Date Shareholders to subscribe for up to 15,928,480 shares (each a "<u>Share</u>" and, collectively, the "<u>Shares</u>") of common stock, par value $0.01 per share (the "<u>Common Shares</u>"), of the Fund (the "<u>Offer</u>"). Pursuant to the terms of the Offer, the Fund is issuing each Record Date Shareholder one (1) transferable right (each a "<u>Right</u>" and, collectively, the "<u>Rights</u>") for each Common Share held by such Record Date Shareholder on the Record Date. Such Rights entitle their holders to acquire during the subscription period set forth in the Prospectus (the "<u>Subscription Period</u>"), at the price set forth in such Prospectus (the "<u>Subscription Price</u>"), one (1) Share for each three (3) Rights (except that any Record Date Shareholder who owns fewer than three (3) Common Shares as of the Record Date will be able to subscribe for one (1) full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one (1) Share) will be entitled to subscribe for, subject to allocation, additional Shares (the "<u>Over</u><u>-Subscription Privilege</u>") on the terms and conditions set forth in such Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange under the symbol "TSI RT."

We further understand that the Fund has appointed UBS Securities LLC to act as the Dealer Manager in connection with the Offer and has authorized the Dealer Manager to form and manage a group of broker-dealers (each a "<u>Selling Group Member</u>" and, collectively, the "<u>Selling Group</u>") to solicit the exercise of Rights and to sell Shares purchased by the Dealer Manager from the Fund through the exercise of Rights.

We hereby express our interest in participating in the Offer as a Selling Group Member.

We hereby agree with you as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. We have received and reviewed the Prospectus relating to the Offer and we understand that additional copies
of the Prospectus (or of the Prospectus as it may be subsequently supplemented or amended, if applicable) and any other solicitation materials authorized by the Fund relating to the Offer (" <u>Offering Materials</u> ") will be supplied to
us in reasonable quantities upon our request therefor to you. We agree that we will not use any solicitation material other than the Prospectus (as supplemented or amended, if applicable) and such Offering Materials and we agree not to make any
representation, oral or written, to any shareholders or prospective shareholders of the Fund that are not contained in the Prospectus, unless previously authorized to do so in writing by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. From time to time during the Subscription Period commencing on February 19, 2026 and ending at 5:00
p.m., New York City time, on the Expiration Date (the term " <u>Expiration Date</u> " means March 18, 2026 unless and until the Fund shall, in its sole discretion, have extended the period for which the Offer is open, in which event
the term "Expiration Date" with respect to the Offer will mean the latest time and date on which the Offer, as so extended by the Fund, will expire), we may solicit the exercise of Rights in connection with the Offer. We will be entitled
to receive fees in the amounts and at the times described in Section 4 of this Selling Group Agreement with respect to Shares purchased pursuant to the exercise of Rights and with respect to which Equiniti Trust Company, LLC (the
" <u>Subscription Agent</u> ") has received, no later than 5:00 p.m., New York City time, on the Expiration Date, either (i) a properly completed and executed Subscription Certificate identifying us as the broker-dealer having been instrumental in the exercise of such Rights, and full payment for such Shares, or (ii) a Notice of Guaranteed Delivery guaranteeing to the Subscription Agent by the close of business
of the first business day after the Expiration Date a properly completed and duly executed Subscription Certificate, similarly identifying us, and full payment for such Shares. We understand that we will not be paid these fees with respect to Shares
purchased pursuant to an exercise of Rights for our own account or for the account of any of our affiliates. We also understand and agree that we are not entitled to receive any fees in connection with the solicitation of the exercise of Rights
other than pursuant to the terms of this Selling Group Agreement and, in particular, that we will not be entitled to receive any fees under the Fund's Soliciting Dealer Agreement. We agree to solicit the exercise of Rights in accordance with
the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> "), the Investment Company Act of 1940, as amended, and the rules and regulations under each such Act, any applicable
securities laws of any state or jurisdiction where such solicitations may be lawfully made, the applicable rules and regulations of any self-regulatory organization or registered national securities exchange
and customary practice and subject to the terms of the Subscription Agent Agreement between the Fund and the Subscription Agent and the procedures described in the Fund's registration statement on Form N-2 (File Nos. 333-289452 and 811-04980), allowing for delayed offerings pursuant to Rule 415 of the Securities Act
Rules and Regulations (the " <u>Registration Statement</u> "). For the avoidance of doubt and without limiting the foregoing, we acknowledge and agree that the Dealer Manager has no responsibility for compliance by any person other than
the Dealer Manager and its affiliated purchasers (" <u>Affiliated Purchasers</u> "), as that term is defined in Rule 100 of Regulation M (" <u>Regulation M</u> ") under the Exchange Act, with Regulation M, including with respect
to all bids for, purchases of, or attempts to induce any person to bid for or purchase, including any solicitation of, the Rights or Shares.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. From time to time during the Subscription Period, we may indicate interest in purchasing Shares from the
Dealer Manager. We understand that from time to time the Dealer Manager intends to offer Shares obtained or to be obtained by the Dealer Manager through the exercise of Rights to Selling Group Members who have so indicated interest at prices which
shall be determined by the Dealer Manager (the " <u>Offering Price</u> "). We agree that, with respect to any such Shares purchased by us from the Dealer Manager, the sale of such Shares to us shall be irrevocable, and we will offer them
to the public at the Offering Price at which we purchase them from the Dealer Manager. Shares not sold by us at such Offering Price may be offered by us after the next succeeding Offering Price is set at the latest Offering Price set by the Dealer
Manager. The Dealer Manager agrees that, if requested by any Selling Group Member, and subject to applicable law, the Dealer Manager will set a new Offering Price prior to 4:00 p.m., New York City time, on any business day. We agree to advise the
Dealer Manager from time to time upon request, prior to the termination of this Selling Group Agreement, of the number of Shares remaining unsold which were purchased by us from the Dealer Manager and, upon the Dealer Manager's request, we
will resell to the Dealer Manager any of such Shares remaining unsold at the purchase price thereof if in the Dealer Manager's opinion such Shares are needed to make delivery against sales made to other Selling Group Members. Any shares
purchased hereunder from the Dealer Manager shall be subject to regular way settlement through the facilities of The Depository Trust Company (" <u>DTC</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. We understand that you will remit to us on or before the tenth business day following the day the Fund
issues Shares after the Expiration Date, following receipt by you from the Fund of the Dealer Manager Fee (as defined in the Dealer Manager Agreement), a fee (the " <u>Selling Fee</u> ") equal to 2.00% of the Subscription Price per Share
for (A) each Share issued pursuant to the exercise of Rights or the Over-Subscription Privilege pursuant to each Subscription Certificate upon which we are designated, as certified to you by the
Subscription Agent, as a result of our solicitation efforts in accordance with Section 2 and (B) each Share sold by the Dealer Manager to us in accordance with Section 3 less any Shares resold to the Dealer Manager in accordance with
Section 3. We understand that with respect to each Share sold by the Dealer Manager to us in accordance with Section 3 less any Shares resold to the Dealer Manager in accordance with Section 3, such fee may from time to time vary from
2.00% of the Subscription Price per Share. Your only obligation with respect to payment of the Selling Fee to us is to remit to us amounts owing to us and actually received by you from the Fund. Except as aforesaid, you shall be under no liability
to make any payments to us pursuant to this Selling Group Agreement. We also understand that the Fund and the Adviser have agreed to indemnify us pursuant to the terms set forth in the Dealer Manager Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. We agree that you, as Dealer Manager, have full authority to take such action as may seem advisable to you
in respect of all matters pertaining to the Offer. You are authorized to approve on our behalf any amendments or supplements to the Registration Statement or the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. We represent that we are a member in good standing of the Financial Industry Regulatory Authority, Inc.
(" <u>FINRA</u> ") and, in making sales of Shares, agree to comply with all applicable rules of FINRA including, without limitation, FINRA Rules 2040, 5130 and 5141. We understand that no action has been taken by you or the Fund to permit
the solicitation of the exercise of Rights or the sale of Shares in any jurisdiction (other than the United States) where action would be required for such purpose. We agree that we will not,

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without your approval in advance, buy, sell, deal or trade in, on a when-issued basis or otherwise, the Rights or the Shares or any other option to acquire or sell Shares for our own account or for the accounts of customers, except as provided in Sections 2 and 3 hereof and except that we may buy or sell Rights or Shares in brokerage transactions on unsolicited orders which have not resulted from activities on our part in connection with the solicitation of the exercise of Rights and which are executed by us in the ordinary course of our brokerage business. We will keep an accurate record of the names and addresses of all persons to whom we give copies of the Registration Statement, the Prospectus, any preliminary prospectus (or any amendment or supplement thereto) or any Offering Materials and, when furnished with any subsequent amendment to the Registration Statement and any subsequent prospectus, we will, upon your request, promptly forward copies thereof to such persons. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. We expressly disclaim any fiduciary or similar obligations to the Fund, either in connection with the
transactions contemplated by the Dealer Manager Agreement or any matters leading up to such transactions, and understand that pursuant to the Dealer Manager Agreement the Fund has confirmed its understanding and agreement with respect to such
disclaimer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Nothing contained in this Selling Group Agreement will constitute the Selling Group Members partners with
the Dealer Manager or with one another or create any association between those parties, or will render the Dealer Manager or the Fund liable for the obligations of any Selling Group Member. The Dealer Manager will be under no liability to make any
payment to any Selling Group Member other than as provided in Section 4 of this Selling Group Agreement, and will be subject to no other liabilities to any Selling Group Member, and no obligations of any sort will be implied. We agree to
indemnify and hold harmless the Fund, the Adviser, you and each other Selling Group Member and each person, if any, who controls you and any such Selling Group Member within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act, against loss or liability caused by any breach by us of the terms of this Selling Group Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. We agree to pay any transfer taxes which may be assessed and paid on account of any sales or transfers for
our account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. All communications to you relating to the Offer will be addressed to: UBS Securities LLC, 11 Madison Avenue,
New York, New York 10010, Attn: Syndicate Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. This Selling Group Agreement will be governed by the internal laws of the State of New York.

[*Signature Page Follows*]

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A signed copy of this Selling Group Agreement will be promptly returned to the Selling Group Member at the address set forth below.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| UBS SECURITIES LLC | UBS SECURITIES LLC |
| By: |  |
|  | Name: |
|  | Title: |

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|:---|:---|
| By: |  |
|  | Name: |
|  | Title: |

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PLEASE COMPLETE THE INFORMATION BELOW

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| | |
|:---|:---|
| Printed Firm Name | Address |
| Contact at Selling Group Member |  |
| Authorized Signature | Area Code and Telephone |
| Number |  |
| Name and Title | Facsimile Number |
| Date |  |
| Payment of the Selling Fee shall be made by wire transfer of same day funds pursuant to the following wire instructions: |  |

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Exhibit B

TCW STRATEGIC INCOME FUND, INC.

15,928,480 Shares of Common Stock

Issuable Upon Exercise of Transferable Rights

to Subscribe for Such Shares

SOLICITING DEALER AGREEMENT

THE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME,

MARCH 18, 2026, UNLESS EXTENDED

New York, New York

February 19, 2026

To Securities Dealers and Brokers:

TCW Strategic Income Fund, Inc., a Maryland corporation (the "<u>Fund</u>"), is issuing to its shareholders of record ("<u>Record Date Shareholders</u>") as of the close of business on February 19, 2026 (the "<u>Record Date</u>") transferable rights ("<u>Rights</u>") to subscribe for an aggregate of up to 15,928,480 shares (the "<u>Shares</u>") of common stock, par value $0.01 per share (the "<u>Common Shares</u>"), of the Fund upon the terms and subject to the conditions set forth in the Fund's Prospectus (the "<u>Offer</u>"). Each such Record Date Shareholder is being issued one (1) Right for each full Common Share owned on the Record Date. Such Rights entitle their holders to acquire during the Subscription Period (as hereinafter defined) at the Subscription Price (as hereinafter defined) one (1) Share for each three (3) Rights (except that any Record Date Shareholder who owns fewer than three (3) Common Shares as of the Record Date will be able to subscribe for one (1) full Share pursuant to the primary subscription), on the terms and conditions set forth in such Prospectus. No fractional shares will be issued. Any Record Date Shareholder who fully exercises all Rights initially issued to such Record Date Shareholder (other than those Rights that cannot be exercised because they represent the right to acquire less than one (1) Share) will be entitled to subscribe for, subject to allocation, additional Shares (the "<u>Over</u><u>-Subscription Privilege</u>") on the terms and conditions set forth in such Prospectus. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange ("<u>NYSE</u>") under the symbol "TSI RT."

The Subscription Price will be determined based on a formula equal to 92.5% of the average of the last reported sales price of a Common Share on the NYSE on the date on which the Offer expires, as such date may be extended from time to time, and each of the four (4) preceding trading days (the "Formula Price"). If, however, the Formula Price is less than 88% of the net asset value ("NAV") per Common Share at the close of trading on the NYSE on the date on which the Offer expires, as such date may be extended from time to time, then the Subscription Price will be 88% of the NAV per Common Share at the close of trading on the NYSE on that day. The Subscription Period will commence on February 19, 2026 and end at 5:00 p.m., New York City time on the Expiration Date (the term "<u>Expiration Date</u>" means March 18, 2026, unless and until the Fund shall, in its sole discretion, have extended the period for which the Offer is open, in which event the term "Expiration Date" with respect to the Offer will mean the latest time and date on which the Offer, as so extended by the Fund, will expire).

For the duration of the Offer, the Fund has authorized and directed the Dealer Manager (as hereinafter defined) to reallow, and the Dealer Manager has agreed to reallow a fee, to any qualified broker or dealer executing a Soliciting Dealer Agreement who solicits the exercise of Rights and the

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Over-Subscription Privilege in connection with the Offer and who complies with the procedures described below (a "<u>Soliciting Dealer</u>"). Upon timely delivery to Equiniti Trust Company, LLC, the Fund's Subscription Agent for the Offer, of payment for Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and of properly completed and executed documentation as set forth in this Soliciting Dealer Agreement, a Soliciting Dealer will be entitled to receive a fee (the "<u>Soliciting Fee</u>") equal to 0.50% of the Subscription Price per Share so purchased subject to a maximum fee based on the number of Common Shares held by such Soliciting Dealer through The Depository Trust Company ("<u>DTC</u>") on the Record Date; <u>provided</u>, <u>however</u>, that no payment shall be due with respect to the issuance of any Shares until payment therefor is actually received. A qualified broker or dealer is a broker or dealer which is a member of a registered national securities exchange in the United States or the Financial Industry Regulatory Authority, Inc. ("<u>FINRA</u>") or any foreign broker or dealer not eligible for membership who is not making solicitations outside the United States, who is relying on Rule 15a-6 under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), to be exempt from registration in the United States as a broker or dealer, and who agrees to conform to the Rules of FINRA, including, without limitation, FINRA Rules 2040, 5130 and 5141 thereof, in making solicitations in the United States to the same extent as if it were a member thereof.

The Fund has authorized and directed the Dealer Manager to pay, and the Dealer Manager has agreed to pay, the Soliciting Fees payable to the undersigned Soliciting Dealer, and the Fund and the TCW Investment Management Company LLC (the "<u>Adviser</u>") have agreed to indemnify such Soliciting Dealer on the terms set forth in the Dealer Manager Agreement (the "<u>Dealer Manager Agreement</u>"), dated February 19, 2026 among the Fund, the Adviser and UBS Securities LLC as the dealer manager (the "<u>Dealer Manager</u>"). Solicitation and other activities by Soliciting Dealers may be undertaken only in accordance with the applicable rules and regulations of the Securities and Exchange Commission and only in those states and other jurisdictions where such solicitations and other activities may lawfully be undertaken and in accordance with the laws thereof. Compensation will not be paid for solicitations in any state or other jurisdiction in which, in the opinion of counsel to the Fund or counsel to the Dealer Manager, such compensation may not lawfully be paid. No Soliciting Dealer shall be paid Soliciting Fees with respect to Shares purchased pursuant to an exercise of Rights and the Over-Subscription Privilege for its own account or for the account of any affiliate of the Soliciting Dealer. No Soliciting Dealer or any other person is authorized by the Fund or the Dealer Manager to give any information or make any representations in connection with the Offer other than those contained in the Prospectus and other authorized solicitation material furnished by the Fund through the Dealer Manager. No Soliciting Dealer is authorized to act as agent of the Fund or the Dealer Manager in any connection or transaction. In addition, nothing herein contained shall constitute the Soliciting Dealers partners with the Dealer Manager or with one another, or agents of the Dealer Manager or of the Fund, or create any association between such parties, or shall render the Dealer Manager or the Fund liable for the obligations of any Soliciting Dealer. The Dealer Manager shall be under no liability to make any payment to any Soliciting Dealer, and shall be subject to no other liabilities to any Soliciting Dealer, and no obligations of any sort shall be implied.

In order for a Soliciting Dealer to receive Soliciting Fees, the Subscription Agent must have received from such Soliciting Dealer no later than 5:00 p.m., New York City time, on the Expiration Date, either (i) a properly completed and duly executed Subscription Certificate with respect to Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and full payment for such Shares or (ii) a Notice of Guaranteed Delivery guaranteeing delivery to the Subscription Agent by close of business on the first business day after the Expiration Date of (A) a properly completed and duly executed Subscription Certificate with respect to Shares purchased pursuant to the exercise of Rights and the Over-Subscription Privilege and (B) full payment for such Shares. Soliciting Fees will only be paid after receipt by the Subscription Agent of a properly completed and duly executed Soliciting Dealer Agreement and a Subscription Certificate designating the Soliciting Dealer in the applicable portion hereof. In the case

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of a Notice of Guaranteed Delivery, Soliciting Fees will only be paid after delivery in accordance with such Notice of Guaranteed Delivery has been effected. Soliciting Fees will be paid by the Fund (through the Subscription Agent) to the Soliciting Dealer by wire transfer of same day funds to an account or accounts identified by the Soliciting Dealer below by the tenth business day following the day the Fund issues Shares after the Expiration Date.

All questions as to the form, validity and eligibility (including time of receipt) of this Soliciting Dealer Agreement will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Unless waived, any irregularities in connection with a Soliciting Dealer Agreement or delivery thereof must be cured within such time as the Fund shall determine. None of the Fund, the Dealer Manager, the Subscription Agent, the Information Agent for the Offer or any other person will be under any duty to give notification of any defects or irregularities in any Soliciting Dealer Agreement or incur any liability for failure to give such notification.

The acceptance of Soliciting Fees from the Fund by the undersigned Soliciting Dealer shall constitute a representation by such Soliciting Dealer to the Fund that: (i) it has received and reviewed the Prospectus; (ii) in soliciting purchases of Shares pursuant to the exercise of the Rights and the Over-Subscription Privilege, it has complied with the applicable requirements of the Exchange Act, the applicable rules and regulations thereunder, any applicable securities laws of any state or jurisdiction where such solicitations were made, and the applicable rules and regulations of any self-regulatory organization or registered national securities exchange; (iii) in soliciting purchases of Shares pursuant to the exercise of the Rights and the Over-Subscription Privilege, it has not published, circulated or used any soliciting materials other than the Prospectus and any other authorized solicitation material furnished by the Fund through the Dealer Manager and has not made any written representations concerning the Fund to any holders or prospective holders of Shares or Rights other than those contained in such materials or otherwise previously authorized in writing by the Fund or otherwise permitted by applicable law; (iv) it has not purported to act as agent of the Fund or the Dealer Manager in any connection or transaction relating to the Offer; (v) the information contained in this Soliciting Dealer Agreement is, to its best knowledge, true and complete; (vi) it is not affiliated with the Fund; (vii) it will not accept Soliciting Fees paid by the Fund pursuant to the terms hereof with respect to Shares purchased by the Soliciting Dealer pursuant to an exercise of Rights and the Over-Subscription Privilege for its own account or the account of any affiliates; (viii) it will not remit, directly or indirectly, any part of Soliciting Fees paid by the Fund pursuant to the terms hereof to any beneficial owner of Shares purchased pursuant to the Offer; and (ix) it has agreed to the amount of the Soliciting Fees and the terms and conditions set forth herein with respect to receiving such Soliciting Fees. For the avoidance of doubt and without limiting clause (ii) of the foregoing sentence, the undersigned Soliciting Dealer acknowledges and agrees that the undersigned Soliciting Dealer is solely responsible for compliance by it and its Affiliated Purchasers with Rule 101 of Regulation M under the Exchange Act, including with respect to all bids for, purchases of, or attempts to induce any person to bid for or purchase, including any solicitation of, the Rights or Shares, and that the Dealer Manager has no responsibility for ensuring that that the Soliciting Dealer's solicitation activities comply with Regulation M. By returning a Soliciting Dealer Agreement and accepting Soliciting Fees, a Soliciting Dealer will be deemed to have agreed to indemnify the Fund, the Adviser and the Dealer Manager against losses, claims, damages and liabilities to which the Fund may become subject as a result of the breach of such Soliciting Dealer's representations made herein and described above. In making the foregoing representations, Soliciting Dealers are reminded of the possible applicability of the anti-manipulation rules under the Exchange Act if they have bought, sold, dealt in or traded in any Shares for their own account since the commencement of the Offer. By returning a Soliciting Dealer Agreement, the Soliciting Dealer expressly disclaims any fiduciary or similar obligations to the Fund, either in connection with the transactions contemplated by the Dealer Manager Agreement or any matters leading up to such transactions, and

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understand that pursuant to the Dealer Manager Agreement the Fund has confirmed its understanding and agreement with respect to such disclaimer.

Upon expiration of the Offer, no Soliciting Fees will be payable to Soliciting Dealers with respect to Shares purchased thereafter.

Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Dealer Manager Agreement or, if not defined therein, in the Prospectus.

This Soliciting Dealer Agreement will be governed by the laws of the State of New York.

Please execute this Soliciting Dealer Agreement below accepting the terms and conditions hereof and confirming that you are a member firm of FINRA or a foreign broker or dealer not eligible for membership who is not making solicitations outside the United States, who is relying on Rule 15a-6 under the Exchange Act to be exempt from registration in the United States, and who has conformed to the Rules of FINRA, including, without limitation, FINRA Rules 2040, 5130 and 5141 thereof, in making solicitations of the type being undertaken pursuant to the Offer in the United States to the same extent as if you were a member thereof, and certifying that you have solicited the purchase of the Shares pursuant to exercise of the Rights and the Over Subscription Privilege, all as described above, in accordance with the terms and conditions set forth in this Soliciting Dealer Agreement. Please forward two executed copies of this Soliciting Dealer Agreement to: UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attn: Syndicate Group.

[*Signature Page Follows*]

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A signed copy of this Soliciting Dealer Agreement will be promptly returned to the Soliciting Dealer at the address set forth below.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| UBS SECURITIES LLC | UBS SECURITIES LLC |
| By: |  |
|  | Name: |
|  | Title: |

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| | |
|:---|:---|
| By: |  |
|  | Name: |
|  | Title: |

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PLEASE COMPLETE THE INFORMATION BELOW

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| | |
|:---|:---|
| Printed Firm Name | Address |
| Contact at Soliciting Dealer |  |
| Authorized Signature | Area Code and Telephone |
| Number |  |
| Name and Title | Facsimile Number |
| Date |  |
| Payment of the Soliciting Fee shall be made by wire transfer of same day funds pursuant to the following wire instructions: |  |

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Exhibit C-1

FORM OF OPINION OF ROPES & GRAY LLP REGARDING THE FUND

Dear Ladies and Gentlemen:

We have acted as counsel to TCW Strategic Income Fund, Inc., a Maryland corporation registered under the Investment Company Act of 1940, as amended (the "<u>1940 Act</u>"), as a closed-end management investment company (the "<u>Company</u>"), in connection with the issuance and sale by the Company of up to 15,928,480 shares (the "<u>Shares</u>") of the Company's common stock, $0.01 par value per share (the "<u>Common Stock</u>"), pursuant to the exercise of transferable rights (the "<u>Rights</u>") to purchase Shares to be distributed to stockholders of the Company (collectively, the "<u>Rights Offering</u>"). In connection with the Rights Offering, the Company has executed a Dealer Manager Agreement (the "<u>Dealer Manager Agreement</u>"), dated February 19, 2026, with UBS Securities LLC (the "<u>Dealer Manager</u>") and TCW Investment Management Company LLC (the "<u>Investment Manager</u><u>"</u>). This opinion is furnished to you pursuant to Section 6(b)(i) of the Dealer Manager Agreement.

In connection with this opinion, we have examined (i) signed copies of the registration statement of the Company on Form N-2 (File Nos. 333-289452 and 811-04980), including all exhibits thereto, as filed with the Securities and Exchange Commission (the "<u>Commission</u>") under the Securities Act of 1933, as amended (the "<u>1933 Act</u>"), and the 1940 Act, on August 8, 2025 (the "<u>Original Registration Statement</u>"), Pre-Effective Amendment No. 1 to the Original Registration Statement, including all exhibits thereto, as filed with the Commission on October 6, 2025, and Pre-Effective Amendment No. 2 to the Original Registration Statement, including all exhibits thereto, as filed with the Commission on December 18, 2025 and the Notice of Effectiveness of the Commission posted on its website declaring such registration statement effective on December 22, 2025 (the Original Registration Statement and Pre-Effective Amendment No. 1 and Pre-Effective No. 2 to the Original Registration Statement are collectively referred to as the "<u>Registration Statement</u>"); (ii) the prospectus and Statement of Additional Information, each dated January 5, 2026, together with the documents incorporated by reference therein, which form a part of and are included in the Registration Statement, in the form filed with the Commission on January 6, 2026 pursuant to Rule 424(b)(3) under the 1933 Act (the "<u>Base Prospectus</u>"); (iii) a copy of the prospectus supplement dated February 19, 2026 relating to the Rights and the Shares filed with the Commission pursuant to Rule 424(b)(2) under the 1933 Act on February 19, 2026 (the "<u>Prospectus Supplement</u>" and together with the Base Prospectus, the "<u>Prospectus</u>"); (iv) an executed copy of the Dealer Manager Agreement; (v) executed copies of the Information Agent Agreement between the Company and EQ Fund Solutions, LLC, dated as of February 19, 2026 (the "<u>Information Agent Agreement</u>"), the Subscription Agent Agreement between the Company and Equiniti Trust Company, LLC, dated as of February 19, 2026 (the "<u>Subscription Agent Agreement</u>"), (vi) the Investment Advisory Agreement between the Company and the Investment Manager, dated as of February 6, 2013 (the "<u>Advisory Agreement</u>"), the Administration Agreement between the Company and State Street Bank and Trust Company, dated as of June 29, 2007, as amended through the date hereof (the "<u>Administration Agreement</u>"), the Custodian Agreement between the Company and State Street Bank and Trust Company, dated as of June 29, 2007, as amended through the date hereof (the "<u>Custodian Agreement</u>"), the Transfer Agency and Registrar Services Agreement between the

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Company and Computershare, dated as of December 12, 2000, as amended through the date hereof (the "<u>Transfer Agency Agreement</u>"), and the Uncommitted Discretionary Line of Credit Agreement dated as of August 13, 2025 among the Company, State Street Bank and Trust Company, and the other lending institutions party thereto (the "<u>Credit Agreement</u>," and collectively with the Advisory Agreement, the Administration Agreement, Custodian Agreement, and the Transfer Agency Agreement, the "<u>Company Agreements</u>") ; (vii) the Charter of the Company (the "<u>Charter</u>"), certified by the State Department of Assessments and Taxation of Maryland (the "<u>SDAT</u>"); (viii) the Amended and Restated Bylaws of the Company (the "<u>Bylaws</u>"), certified pursuant to the Secretary's Certificate; (ix) a certificate executed by an officer of the Company, dated as of the date hereof; and (x) originals or copies, certified or otherwise identified to our satisfaction, of such other records, agreements, certificates and documents that we have deemed necessary as a basis for the opinions expressed herein.

As to matters of fact relevant to this opinion, we have relied, without making independent verification, on the accuracy of the representations and warranties of the Company contained in or made pursuant to the Dealer Manager Agreement or certificates delivered in connection with the execution of the Dealer Manager Agreement or the commencement of the Rights Offering, other information obtained from the Company and the Dealer Manager, and certificates of public officials and officers of the Company. We have not undertaken any search of court records or made any other special investigation of litigation or the legal affairs of the Company for purposes of this opinion (including our opinion in paragraph 9 below).

We express no opinion as to the laws of any jurisdiction other than those of the Commonwealth of Massachusetts, the State of New York, the State of California, and the federal laws of the United States of America.

Based upon the foregoing and subject to the additional qualifications set forth below, we are of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is validly existing and in good standing with the SDAT with power and authority to own its
properties and conduct its business as described in the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Company has an authorized, issued and outstanding capitalization as set forth in the Prospectus under the
captions "Description of Capital Structure" and "Description of Common Stock."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the Dealer Management Agreement, the Information Agent Agreement and the Subscription Agent Agreement
has been duly authorized, executed and delivered by the Company and the Company Agreements are in full force and effect and have been delivered by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Assuming due authorization, execution and delivery by the other parties thereto, the Information Agent
Agreement, the Subscription Agent Agreement and each Company Agreement constitutes the legal, valid and binding obligation of the Company enforceable in accordance with its terms, subject as to enforcement to bankruptcy, insolvency, moratorium,
reorganization and other laws of general applicability relating to

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or affecting creditors' rights and to general equity principles (regardless of whether enforceability is considered in a proceeding in equity or at law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The issuance of the Rights has been duly authorized and the Shares to be issued and delivered by the Company
upon exercise of Rights as provided for in the Registration Statement have been duly authorized and, when issued and delivered by the Company pursuant to the Prospectus against payment of the consideration set forth therein, will be validly issued,
fully paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The issuance of the Rights and the Shares is not subject to any preemptive right or any similar rights arising
under the Maryland General Corporation Law or the Charter or Bylaws or pursuant to an agreement that is filed as an exhibit to the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The execution and delivery of the Dealer Manager Agreement, the Information Agent Agreement and the
Subscription Agent Agreement by the Company, the issuance of the Rights and the issuance and sale of the Shares upon exercise of the Rights by the Company of the Shares in the manner set forth and subject to the terms and conditions of the
Prospectus and the performance by the Company of its obligations under the Company Agreements do not and will not result in a breach or default under (i) the Charter or Bylaws, (ii) any indenture, mortgage, deed of trust, loan agreement,
license or other agreement or instrument of the Company that is filed as an exhibit to the Registration Statement, (iii) the Maryland General Corporation Law or applicable federal law or regulation to which the Company or any of its properties
is subject, (iii) the provisions of the 1940 Act applicable to the Company, or (iv) to our knowledge after due inquiry, any order of any California, Maryland, Massachusetts, New York or federal court, as applicable, arbitrator,
governmental body, agency or official specifically naming the Company or any of its properties, except in each case we express no opinion as to any state securities or "blue sky" laws or as to compliance with the antifraud provisions of
federal or state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. To our knowledge, no consent, approval, authorization or order of, or filing with, any New York or federal
governmental agency or body (or with respect to the Maryland General Corporation Law, governmental agency or body) not obtained or in effect as of the date hereof is required for the execution and delivery of the Dealer Manager Agreement, the
Information Agent Agreement and the Subscription Agent Agreement by the Company, for the issuance of the Rights and the issuance and sale of the Shares upon exercise of the Rights by the Company of the Shares in the manner set forth and subject to
the terms and conditions of the Prospectus, or for the performance by the Company of its obligations under the Company Agreements except that we express no opinion as to any state securities or "blue sky" laws or as to any consent,
approval, authorization, filing with or order of the Financial Industry Regulatory Authority in connection with the issuance, sale and delivery of the Rights or the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The Prospectus Supplement has been filed with the Commission pursuant to Rule 424(b)(2) under the 1933 Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The provisions of the Charter and Bylaws do not conflict with the provisions of the 1940 Act applicable to the
Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The issuance and sale of the Rights and the Shares pursuant to, and in the manner contemplated by, the
Registration Statement will not violate the provisions of the 1940 Act and the published rules and regulations promulgated thereunder applicable to a closed-end investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. To our knowledge, there are no (a) legal or governmental proceedings pending or threatened to which the
Company is a party that are required to be described in the Registration Statement or the Prospectus that are not so described or (b) statutes, regulations, contracts or other documents that are required to be described in the Registration
Statement or the Prospectus or to be filed as exhibits to the Registration Statement that are not described, filed or incorporated by reference therein as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Company is registered with the Commission under the 1940 Act as a diversified, closed-end management investment company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. The statements in the Prospectus under the captions "Certain U.S. Federal Income Tax Matters" and
"Description of the Offer—U.S. Federal Income Tax Considerations," insofar as they purport to describe provisions of U.S. federal income tax laws or legal conclusions with respect thereto, in our opinion fairly and accurately
summarize the matters referred thereto in all material respects.

Our opinion in paragraph 1 as to the good standing of the Company is based solely on a certificate issued by the Secretary of State of the State of Maryland, and our opinion with respect to such matters is rendered as of the date of such certificate and is limited accordingly.

In rendering the opinion expressed herein we relied solely on the opinion, dated the date hereof, of Venable LLP insofar as such opinion relates to the laws of the State of Maryland (subject to all of the assumptions and qualifications to which such opinion is subject), and we have made no independent examination of the laws of that jurisdiction. We are providing a copy of that opinion together with this opinion, which is subject to the same assumptions as those set forth in the opinion of Venable LLP attached hereto, including without limitation that, upon any issuance of the Shares, the total number of issued and outstanding shares of Common Stock of the Company will not exceed the total number of shares of Common Stock of such series or class that the Company is then authorized to issue under the Charter.

This opinion is furnished by us to you as Dealer Manager in connection with the Rights Offering as described above and is solely for your benefit and, except as otherwise expressly consented to by us in writing, may not be relied upon for any other purpose or by any other person (other than your successor in interest by means of merger, consolidation, transfer of a business or other similar transaction).

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Very truly yours,

Ropes & Gray LLP

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Exhibit C-2

FORM OF OPINION OF VENABLE LLP REGARDING THE FUND

Ladies and Gentlemen:

We have served as Maryland counsel to TCW Strategic Income Fund, Inc., a Maryland corporation registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end management investment company (the "Fund"), in connection with certain matters of Maryland law arising out of the issuance of up to 15,928,480 shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of the Fund issuable upon exercise of transferable rights (the "Rights") issued to stockholders of record of the Fund as of the close of business on February 19, 2026. This opinion is being delivered to you in connection with the Dealer Manager Agreement, dated as of February 19, 2026 (the "Dealer Manager Agreement"), by and among the Fund, TCW Investment Management Company LLC, a Delaware limited liability company (the "Adviser"), and UBS Securities LLC (the "Dealer Manager"). This firm did not participate in the negotiation or drafting of the Dealer Manager Agreement or the other Fund Agreements (as defined herein). This opinion is being delivered to you in connection with Section 6(b) of the Dealer Manager Agreement.

In connection with our representation of the Fund, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the "Documents"):

The Registration Statement on Form N-2 (File Nos. 333-289452 and 811-04980), and all amendments thereto (the "Registration Statement"), relating to the Rights and the Shares, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "1933 Act"), and the 1940 Act;

The prospectus and Statement of Additional Information of the Fund, each dated January 5, 2026, included as part of the Registration Statement (the "Base Prospectus"), as supplemented by a prospectus supplement, dated February 19, 2026 (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus"), filed with the Commission pursuant to Rule 424(b) under the 1933 Act;

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The charter of the Fund (the "Charter"), certified by the State Department of Assessments and Taxation of Maryland (the "SDAT");

The Amended and Restated Bylaws of the Fund (the "Bylaws"), certified as of the date hereof by an officer of the Fund;

A certificate of the SDAT as to the good standing of the Fund, dated as of a recent date;

Resolutions (the "Resolutions") adopted by the Board of Directors of the Fund, and a duly authorized committee thereof, relating to, among other things, (a) the issuance of the Rights and the sale and issuance of the Shares upon exercise of the Rights and (b) the approval of the Dealer Manager Agreement and the other Fund Agreements and the performance by the Fund of its obligations thereunder, certified as of the date hereof by an officer of the Fund;

The form of subscription certificate to be used for the purchase of the Shares pursuant to the exercise of the Rights (the "Rights Certificate"), certified as of the date hereof by an officer of the Fund;

The Dealer Manager Agreement;

The Investment Advisory Agreement, dated as of February 6, 2013 (the "Advisory Agreement"), by and between the Fund and the Adviser;

The Administration Agreement, dated as of June 29, 2007 (the "Administration Agreement"), by and between the Fund and State Street Bank and Trust Company, as amended through the date hereof;

The Custodian Agreement, dated as of June 29, 2007 (the "Custodian Agreement"), by and between the Fund and State Street Bank and Trust Company, as amended through the date hereof;

The Transfer Agency and Registrar Services Agreement, dated as of December 12, 2000 (the "Transfer Agency Agreement"), by and between the Fund and Computershare, as amended through the date hereof;

The Uncommitted Discretionary Line of Credit Agreement, dated as of August 13, 2005 (the "Credit Agreement"), among the Fund, State Street Bank and Trust Company, and the other lending institutions party thereto;

The Information Agent Agreement, dated as of February 19, 2026 (the "Information Agent Agreement"), by and between EQ Fund Solutions, LLC and the Fund;

The Subscription Agent Agreement, dated as of February 19, 2026 (the "Subscription Agent Agreement" and, together with the Dealer Manager Agreement, the Advisory Agreement, the Administration Agreement, the Custodian Agreement, the Transfer Agency Agreement, the Credit

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Agreement and the Information Agent Agreement, the "Fund Agreements"), between the Fund and Equiniti Trust Company, LLC;

A certificate executed by an officer of the Fund, dated as of the date hereof; and

Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each individual executing any of the Documents on behalf of a party (other than the Fund) is duly authorized to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the parties (other than the Fund) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such party's obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all such Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Upon any issuance of Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Fund is then authorized to issue under the Charter.

The phrase "known to us" is limited to the actual knowledge, without independent inquiry, of the lawyers currently at our firm who have performed substantive legal services in connection with the issuance of this opinion.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Fund is a corporation duly incorporated and validly existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT. The Fund has the corporate power under the Maryland General Corporation Law (the "MGCL") to (a) own, lease and operate its properties and conduct its business as described in the Registration Statement

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and the Prospectus under the heading "Prospectus Summary – Investment Objective and Investment Strategies," (b) enter into, execute and deliver the Dealer Manager Agreement and the other Fund Agreements and to perform its obligations thereunder and (c) issue the Rights, and issue and sell the Shares upon exercise of the Rights pursuant to the Dealer Manager Agreement, the Prospectus, the Rights Certificate and the Resolutions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Fund has the authority to issue the number of shares of stock as set forth in the Prospectus under the heading "Description of Common Stock." The authorized stock of the Fund conforms in all material respects as to legal matters to the description thereof contained in the Prospectus under the heading "Description of Common Stock."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The issuance of the Rights has been duly authorized and the sale and issuance of the Shares upon the exercise of the Rights have been duly authorized and, when issued and delivered by the Fund against payment of the consideration therefor in accordance with the Prospectus, the Dealer Manager Agreement, the Rights Certificate and the Resolutions, the Shares will be validly issued, fully paid and nonassessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The issuance of the Rights and the sale and issuance of the Shares upon the exercise of the Rights are not subject to any preemptive or similar rights under the MGCL, the Charter or the Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Dealer Manager Agreement, the Subscription Agent Agreement and the Information Agent Agreement have been duly authorized, executed and, so far as is known to us, delivered by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Neither the issuance of the Rights, nor the issuance and sale of the Shares upon exercise of the Rights, nor the execution and delivery by the Fund of the Dealer Manager Agreement, the Information Agent Agreement and the Subscription Agent Agreement, nor the performance by the Fund of its obligations under the Fund Agreements and the consummation by the Fund of the transactions contemplated in the Dealer Manager Agreement, or to the extent applicable to the Rights or the Shares, in the other Fund Agreements, nor the fulfillment of the terms thereof will (i) conflict with or violate the Charter or the Bylaws, (ii) conflict with, result in a breach or violation of, or constitute a default or an event of default under, or result in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the Fund under the Charter or the Bylaws, or (iii) so far as known to us, result in any violation of any order, rule or regulation of any Maryland governmental agency or body having jurisdiction over the Fund or any of its properties. We call your attention to the fact that, in connection with the delivery of this opinion, we have not ordered or reviewed judgment, lien or any other searches of public or private records of the Fund or its properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. No filing, recording or registration with, or authorization, approval, consent or license of, any governmental authority or agency of the State of Maryland (other than as may be required under the securities or "blue sky" laws of the State of Maryland, as to which no opinion is expressed) is required in connection with (a) the execution and delivery by the Fund of the Dealer Manager Agreement, the Information Agent Agreement or the Subscription Agent

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Agreement, (b) the consummation by the Fund of the transactions contemplated in the Dealer Manager Agreement and in the Prospectus, including the issuance of the Rights, and issuance of the Shares upon exercise of the Rights pursuant to the Prospectus, the Rights Certificate and the Resolutions, except such as have been obtained or made, or (c) other than any financing statement permitted to be filed under the Fund Agreements, the performance by the Fund of its obligations under the Fund Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The statements in the Registration Statement and Prospectus under the headings "Description of Common Stock" and "The Fund's Structure; Share Repurchases and Change in Structure –Anti Takeover Provisions of the Charter" and "—Forum for Adjudication of Disputes" insofar as such statements summarize certain provisions of Maryland law or constitute a summary of the Charter or the Bylaws, constitute accurate summaries thereof in all material respects.

The foregoing opinion is limited to the substantive laws of the State of Maryland and we do not express any opinion herein concerning federal law or any other state law. We express no opinion as to the applicability or effect of the 1940 Act or other federal securities laws, or state securities laws, including the securities laws of the State of Maryland, federal or state laws regarding fraudulent transfers or the laws, codes or regulations of any municipality or other local jurisdiction. We note that the Dealer Manager Agreement and the other Fund Agreements provide that they shall be governed by the laws of states other than the State of Maryland. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. Our opinion expressed in paragraph 6(iii) above is based upon our consideration of only those orders, rules or regulations of Maryland governmental agencies or bodies, if any, which, in our experience, are normally applicable to the transactions of the type referred to in such paragraph. Our opinion expressed in paragraph 7 above is based upon our consideration of only those filings, recordings or registrations with, or authorizations, approvals, consents or licenses of, any governmental authority or agency of the State of Maryland, if any, which, in our experience, are normally applicable to transactions of the type referred to in such paragraph. The opinion expressed herein is subject to the effect of any judicial decision which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

This opinion is being furnished to you solely for your benefit in connection with the issuance of the Rights and the issuance of the Shares upon exercise of the Rights. Accordingly, it may not be relied upon by, quoted in any manner to or delivered to any other person or entity (other than Ropes & Gray LLP, counsel to the Fund, in connection with an opinion of even date herewith to be issued by it relating to the issuance of the Rights and the issuance of the Shares upon exercise of the Rights and your successor in interest by means of merger, consolidation,

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transfer of a business or other similar transaction) without, in each instance, our prior written consent.

Very truly yours,

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Exhibit D

FORM OF OPINION OF ROPES & GRAY LLP REGARDING THE ADVISER

Ladies and Gentlemen:

We have acted as special counsel to TCW Investment Management Company LLC (the "<u>Investment Manager</u>") in connection with the proposed issuance by TSI Strategic Income Fund, Inc. (the "<u>Fund</u>"), a Maryland corporation, of transferable rights (the "<u>Rights</u>") entitling shareholders to subscribe for up to 15,928,480 shares (the "<u>Shares</u>") of Common Stock, par value $0.01 per share, of the Fund. This opinion is furnished to you pursuant to Section 6(b)(iii) of the Dealer Manager Agreement dated as of February 19, 2026 (the "<u>Dealer Manager Agreement</u>") among the Fund, the Investment Manager and UBS Securities LLC (the "<u>Dealer Manager</u>"). Capitalized terms used in this opinion, unless otherwise defined, have the meanings specified in the Dealer Manager Agreement.

We have examined (i) signed copies of the registration statement of the Fund on Form N-2 (File Nos. 333-289452 and 811-04980), including all exhibits thereto, as filed with the Securities and Exchange Commission (the "<u>Commission</u>") under the Securities Act of 1933, as amended (the "<u>1933 Act</u>"), and the Investment Company Act of 1940, as amended (the "<u>1940 Act</u>"), on August 8, 2025 (the "<u>Original Registration Statement</u>"), Pre-Effective Amendment No. 1 to the Original Registration Statement, including all exhibits thereto, as filed with the Commission on October 6, 2025, and Pre-Effective Amendment No. 2 to the Original Registration Statement, including all exhibits thereto, as filed with the Commission on December 18, 2025 and the Notice of Effectiveness of the Commission posted on its website declaring such registration statement effective on December 22, 2025 (the Original Registration Statement and Pre-Effective Amendment No. 1 and Pre-Effective No. 2 to the Original Registration Statement are collectively referred to as the "<u>Registration Statement</u>"); (ii) the prospectus and Statement of Additional Information, each dated January 5, 2026, together with the documents incorporated by reference therein, which form a part of and are included in the Registration Statement, in the form filed with the Commission on January 6, 2026 pursuant to Rule 424(b)(3) under the 1933 Act (the "<u>Base Prospectus</u>"); (iii) a copy of the prospectus supplement dated February 19, 2026 relating to the Rights and the Shares filed with the Commission pursuant to Rule 424(b)(2) under the 1933 Act on February 19, 2026 (the "<u>Prospectus Supplement</u>" and together with the Base Prospectus, the "<u>Prospectus</u>"); (iv) an executed copy of the Dealer Manager Agreement; and (v) the Investment Advisory Agreement between the Fund and the Investment Manager, dated as of February 6, 2013 (the "<u>Advisory Agreement</u>"). We have also examined and relied upon such other documents and records, including certificates of officers of the Investment Manager and assurances of public officials, as we have deemed necessary for purposes of rendering our opinions below.

For purposes of paragraph 1 below, we have relied solely on information available on the Securities and Exchange Commission's website as to the Investment Manager's status as a registered investment adviser under the Investment Advisers Act of 1940, as amended (the "<u>Advisers Act</u>"). We have assumed the genuineness of the signatures on all documents examined by us, the authenticity of all documents submitted to us as originals and the conformity to the corresponding originals of all documents submitted to us as copies.

For purposes of our opinion set forth in paragraph 2 below with respect to the qualification of the Investment Manager as a foreign corporation in United States jurisdictions, we have relied upon certificates of officers of the Investment Manager as to any states in which the Investment Manager leases or owns real property, maintains an office or conducts its business.

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We express no opinion as to the laws of any jurisdiction or country other than the State of California, the State of New York, the State of Delaware, and the federal laws of the United States of America. We express no opinion as to the state securities or Blue Sky laws of any jurisdiction. We have assumed that the Advisory Agreement has been duly authorized, executed and delivered by the Investment Manager.

Insofar as this opinion relates to factual matters, we have made inquiries to officers of the Investment Manager to the extent we believe reasonable with respect to such matters and have relied upon representations made by the Investment Manager in the Dealer Manager Agreement and Advisory Agreement and representations (including oral representations) made to us by one or more officers of the Investment Manager. We have not independently verified the accuracy of such representations. Where our opinion relates to our "knowledge," that term means the actual knowledge of lawyers in this firm who have participated in our representation of the Investment Manager. In respect of our opinions set forth in paragraph 4 below, we have not searched the dockets of any court, administrative body or other filing office in any jurisdiction.

Based upon and subject to the foregoing, we are of the opinion that, as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Investment Manager is duly registered as an investment adviser under the Advisers Act and is not prohibited by the Advisers Act or the 1940 Act, or the rules and regulations under such Acts, from acting as an investment manager for the Fund as contemplated in the Registration Statement and the Advisory Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Investment Manager has been duly organized, is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power and authority to own, lease and operate its property and to conduct its business as described in the Registration Statement and the Prospectus, is duly qualified to transact business and is in good standing in any United States jurisdiction in which the performance of its obligations under the Advisory Agreement requires such qualification except where the failure to be so qualified would not involve a material adverse effect on the Investment Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Dealer Manager Agreement has been duly authorized, executed and delivered by the Investment Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Assuming due authorization, execution and delivery by the other parties thereto, each of the Dealer Manager Agreement and the Advisory Agreement constitutes the legal, valid and binding obligation of the Investment Manager enforceable in accordance with its terms, subject as to enforcement to bankruptcy, insolvency, moratorium, reorganization and other laws of general applicability relating to or affecting creditors' rights and to general equity principles (regardless of whether enforceability is considered in a proceeding in equity or at law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Neither the execution and delivery by the Investment Manager of the Dealer Manager Agreement, nor the performance by the Investment Manager of its obligations under the Dealer Manager Agreement or the Advisory Agreement nor the consummation by the Investment Manager of the transactions contemplated therein nor the fulfillment of the terms thereof will conflict with, or result in a breach or violation of, or constitute a default under the organizational documents of the Investment Manager, the terms of any material agreement or instrument to which the Investment Manager is a party or by which it is bound or to which any of its properties are subject, or any order of which we have knowledge after due inquiry, of any U.S. federal or New York or California or Delaware court, as applicable, or of any

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governmental agency or body, or any stock exchange or securities association having jurisdiction over the Investment Manager or its properties or operations, as applicable, or other law, rule or regulation applicable to the Investment Manager, except for such conflicts, breaches or defaults which would not have a material adverse effect on the Investment Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The description of the Investment Manager and its businesses in the Registration Statement complies in all material respects with the requirements of the Securities Act, the 1940 Act and the rules and regulations under such Acts.

Our opinion in paragraph 2 as to the due organization, valid existence, and good standing of the Investment Manager is based solely on a certificate issued by the Secretary of State of the State of Delaware, and our opinion with respect to such matters is rendered as of the date of such certificate and is limited accordingly.

We have not independently verified the accuracy, completeness or fairness of the statements made or the information contained in the Prospectus, and we are not passing upon and do not assume responsibility therefor.

This letter and the opinions expressed herein are furnished by us to you and are solely for benefit of the Dealer Manager. This opinion may not be relied upon by you for any other purpose, or furnished to, quoted or relied upon by any other person, firm or corporation (other than your successor in interest by means of merger, consolidation, transfer of a business or other similar transaction) for any purpose without our prior written consent.

Very truly yours,

Ropes & Gray LLP

## Exhibit 5.1

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|:---|:---|
| ![LOGO](g76152dsp58.jpg)  | 750 E. PRATT STREET SUITE 900 BALTIMORE, MD 21202<br> **T** 410.244.7400 **F** 410.244.7742 www.Venable.com<br>|

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February 19, 2025

TCW Strategic Income Fund, Inc.

515 South Flower Street

Los Angeles, CA 90071

Re: Registration Statement on Form N-2:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933 Act File No. 333-289452

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>1940 Act File No. 811-04980</u> 

Ladies and Gentlemen:

We have served as Maryland counsel to TCW Strategic Income Fund, Inc., a Maryland corporation registered under the Investment Company Act of 1940, as amended (the "Investment Company Act"), as a closed-end management investment company (the "Company"), in connection with certain matters of Maryland law arising out of (a) the issuance of up to 47,785,440 transferable subscription rights (the "Rights") to holders of record of the Company's common stock, $0.01 par value per share (the "Common Stock"), and (b) the offering and sale of up to 15,928,480 shares (the "Shares") of Common Stock upon exercise of the Rights. Each Share is issuable upon the exercise of three Rights. The issuance of the Rights and the Shares is covered by the above-referenced Registration Statement, and all amendments thereto (the "Registration Statement"), filed by the Company with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act"), and the Investment Company Act.

In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the "Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registration Statement, in the form filed with the Commission under the Securities Act and the Investment Company Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Prospectus, dated January 5, 2026 (the "Base Prospectus"), included as part of the Registration Statement, as supplemented by the Prospectus Supplement, dated February 19, 2026 (the "Prospectus Supplement" and, together with the Base Prospectus, the "Prospectus"), relating to the issuance of the Rights and the Shares, in substantially the form in which it was transmitted to the Commission pursuant to Rule 424(b) under the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The charter of the Company (the "Charter"), certified by the State Department of Assessments and Taxation of Maryland (the "SDAT");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

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![LOGO](g76152dsp58.jpg) <br>

TCW Strategic Income Fund, Inc.

February 19, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Resolutions adopted by the Board of Directors of the Company, and a duly authorized committee thereof, relating to the issuance of the Rights and the Shares (the "Resolutions"), certified as of the date hereof by an officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. A certificate executed by an officer of the Company, dated as of the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Subscription Agent Agreement, dated as of dated as of February 19, 2026 (the "Subscription Agent Agreement"), by and between the Company and Equiniti Trust Company, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The form of Subscription Rights Certificate to subscribe for the Shares (the "Rights Certificate"), certified as of the date hereof by an officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. A certificate as of a recent date of the SDAT as to the good standing of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

In expressing the opinion set forth below, we have assumed the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each individual executing any of the Documents, whether on behalf of such individual or any other person, is legally competent to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such party's obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all such Documents are genuine. All public records reviewed or

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![LOGO](g76152dsp58.jpg)

TCW Strategic Income Fund, Inc.

February 19, 2026

relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Upon any issuance of the Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The issuance of the Rights has been duly authorized and, upon issuance and delivery of the Rights Certificate in accordance with the Subscription Agent Agreement, the Rights will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The sale and issuance of the Shares have been duly authorized and, when and if issued and paid for upon exercise of the Rights pursuant to the Resolutions and the Registration Statement and the Prospectus, the Shares will be validly issued, fully paid and nonassessable.

In addition to the assumptions and qualifications set forth above, and without limiting the generality of such assumptions and qualifications, the opinion expressed in paragraph 2 above is also subject to (a) the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors, (b) the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which a proceeding is brought and (c) the invalidity under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy.

The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning any federal law or the laws of any other jurisdiction.

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![LOGO](g76152dsp58.jpg)

TCW Strategic Income Fund, Inc.

February 19, 2026

We express no opinion as to the applicability or effect of the Investment Company Act or other federal securities laws, or state securities laws, including the securities laws of the State of Maryland, or as to federal or state laws regarding fraudulent transfers. The opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

This opinion is being furnished to you for submission to the Commission as an exhibit to the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Securities Act.

Very truly yours,

/s/ Venable LLP

## Exhibit 10.1

**SUBSCRIPTION AGENT AGREEMENT** 

This SUBSCRIPTION AGENT AGREEMENT (this "Agreement") is entered into as of February 19, 2026, by and between Equiniti Trust Company, LLC (the "Subscription Agent") and TCW Strategic Income Fund, Inc. (the "Company").

1. The Company is offering (the "Rights Offering") to the holders of shares of its common stock,
par value $0.01 per share ("Common Stock"), on February 19, 2026 (the "Record Date"), the right ("Rights") to subscribe for common shares ("Shares"). Except as set forth in Sections 9 and 10
below, Rights shall cease to be exercisable at 5:00 P.M., New York City time, on March 18, 2026 or such later date of which the Company notifies the Subscription Agent orally and confirms in writing (the "Expiration Date"). One
(1) Right(s) is being issued for every one (1)share of Common Stock held on the Record Date. Three (3) Right(s) and payment in full of the subscription price set forth in the Prospectus (as defined below)(the "Subscription
Price") is/are required to subscribe for one Unit. Rights are evidenced by transferable subscription certificates in registered form ("Subscription Certificates"). Each holder of Subscription Certificate(s) who exercises the
holder's right to subscribe for all Units that can be subscribed for with the Rights evidenced by such Subscription Certificate(s) (the "Basic Subscription Right") will have the right to subscribe for additional Units, if any,
available as a result of any unexercised Rights (such additional subscription right being referred to hereafter as the "Additional Subscription Privileged"). The Rights Offering will be conducted in the manner and upon the terms set
forth in the Company's Prospectus dated February 19, 2026 (the "Prospectus").

2. The Subscription Agent is hereby appointed to affect the Rights Offering as set forth herein. The
Subscription Agent may rely on, and shall be protected in acting upon, any certificate, instrument, opinion, representation, notice letter or other document delivered to it and believed by it to be genuine and to have been signed by the proper party
or parties.

3. Enclosed herewith are the following, the receipt of which the Subscription Agent acknowledges by its
execution hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a copy of the Prospectus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the form of Subscription Certificate (with instructions);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) resolutions adopted by the board of directors of the Company in connection with the Rights Offering,
certified by the secretary of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) notice of guaranteed delivery ("Notice of Guaranteed Delivery").

4. As soon as is reasonably practical, the Subscription Agent shall mail or cause to be

------

mailed to each holder of Common Stock at the close of business on the Record Date a Subscription Certificate evidencing the Rights to which such holder is entitled, a Notice of Guaranteed Delivery, a Prospectus and an envelope addressed to the Subscription Agent. Prior to mailing, the Company shall provide the Subscription Agent with blank Subscription Certificates which the Subscription Agent shall prepare and issue in the names of holders of Common Stock of record at the close of business on the Record Date and for the number of Rights to which they are entitled. The Company shall also provide the Subscription Agent with a sufficient number of copies of each of the documents to be mailed with the Subscription Certificates.

5. Subscription Procedure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the Subscription Agent's receipt prior to 5:00 P.M., New York City time, on the Expiration Date
(by mail or delivery) of (ii) any Subscription Certificate completed and endorsed for exercise, as provided on the reverse side of the Subscription Certificate (except as provided in Section 9 hereof), and (ii) payment in full of the
Subscription Price in U.S. funds by check or bank draft payable at par (without deduction for bank service charges or otherwise) to the order of "Equiniti Trust Company, LLC" the Subscription Agent shall as soon as practicable after the
Expiration Date, but after performing the procedures described in subsections (b) and (c) below, mail to the subscriber's registered address on the books of the Company certificates representing the securities underlying each Unit duly
subscribed for (pursuant to the Basic Subscription Right and the Additional Subscription Privilege) and furnish a list of all such information to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As soon as practicable after the Expiration Date the Subscription Agent shall calculate the number of Units
to which each subscriber is entitled pursuant to the Additional Subscription Privilege. The Additional Subscription Privilege may only be exercised by holders who subscribe to all the Units that can be subscribed for under the Basic Subscription
Right. The Units available for additional subscriptions will be those that have not been subscribed and paid for pursuant to the Basic Subscription Right (the "Remaining Units"). Where there are sufficient Remaining Units to satisfy all
additional subscriptions by holders exercising their rights under the Additional Subscription Privilege, each holder shall be allotted the number of Additional Units subscribed for. If the aggregate number of Units subscribed for under the
Additional Subscription Privilege exceeds the number of Remaining Units, the number of Remaining Units allotted to each participant in the Additional Subscription Privilege shall be the product (disregarding fractions) obtained by multiplying the
number of Remaining Units by a fraction of which the numerator is the number of Units subscribed for by that participant under the Additional Subscription Privilege and the denominator is the aggregate number of Remaining Units subscribed for by all
participants under the Additional Subscription Privilege. Any fractional Unit to which persons exercising their Additional Subscription Privilege would otherwise be entitled pursuant to such allocation shall be rounded to the next whole Unit.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon calculating the number of Units to which each subscriber is entitled pursuant to the Additional
Subscription Privilege and the amount overpaid, if any, by each subscriber, the Subscription Agent shall, as soon as practicable, furnish a list of all such information to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon calculating the number of Units to which each subscriber is entitled pursuant to the Additional
Subscription Privilege and assuming payment for the additional Units subscribed for has been delivered, the Subscription Agent shall mail, as contemplated in subsection (a) above, the certificates representing the additional securities which
the subscriber has been allotted. If a lesser number of Units is allotted to a subscriber under the Additional Subscription Privilege than the subscriber has tendered payment for, the Subscription Agent shall remit the difference to the subscriber
without interest or deduction at the same time as certificates representing the securities allotted pursuant to the Additional Subscription Privilege are mailed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Funds received by the Subscription Agent pursuant to the Basic Subscription Right and the Additional
Subscription Privilege shall be held by it in a segregated account. Upon mailing certificates representing the securities and refunding subscribers for additional Units subscribed for but not allocated, if any, the Subscription Agent shall promptly
remit to the Company all funds received in payment of the Subscription Price for Units issued in the Rights Offering. The Subscription Agent will not be obligated to calculate or pay interest to any holder or party.

6. Until 5:00 P.M., New York City time, on the third Business Day (as defined below) prior to the Expiration
Date, the Subscription Agent shall facilitate subdivision or transfers of Subscription Certificates by issuing new Subscription Certificates in accordance with the instructions set forth on the reverse side of the Subscription Certificates. As used
in herein, "Business Day" shall mean any day other than a Saturday, a Sunday, or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close.

7. The Company shall have the absolute right to reject any defective exercise of Rights or to waive any defect
in exercise. Unless requested to do so by the Company, the Subscription Agent shall not be under any duty to give notification to holders of Subscription Certificates of any defects or irregularities in subscriptions. Subscriptions will not be
deemed to have been made until any such defects or irregularities have been cured or waived within such time as the Company shall determine. The Subscription Agent shall as soon as practicable return Subscription Certificates with the defects or
irregularities which have not been cured or waived to the holder of the Rights. If any Subscription Certificate is alleged to have been lost, stolen or destroyed, the Subscription Agent should follow the same procedures followed for lost stock
certificates representing Common Stock it uses in its capacity as transfer agent for the Company's Common Stock.

------

8. If prior to 5:00 P.M., New York City time, on the Expiration Date the Subscription Agent receives
(i) payment in full of the Subscription Price for the Units being subscribed for and (ii) a guarantee notice substantially in the form of the notice of guaranteed delivery ("Notice of Guaranteed Delivery") delivered with the
Subscription Certificate, from a financial institution having an office or correspondent in the United States, or a member firm of any registered United States national securities exchange or of FINRA stating the certificate number of the
Subscription Certificate relating to the Rights, the name and address of the exercising subscriber, the number of Rights represented by the Subscription Certificate held by such exercising subscriber, the number of Units being subscribed for
pursuant to the Rights and guaranteeing the delivery to the Subscription Agent of the Subscription Certificate evidencing such Rights within one (1) trading day ("Trading Day") following the date of the Notice of Guaranteed
Delivery, then the Rights may be exercised even though the Subscription Certificate was not delivered to the Subscription Agent prior to 5:00 P.M., New York City time, on the Expiration Date, provided that within three Trading Days following the
date of the Notice of Guaranteed Delivery the Subscription Agent receive the properly completed Subscription Certificate evidencing the Rights being exercised, with signatures guaranteed if required.

9. If requested, the Subscription Agent shall deliver to the Company copies of the exercised Subscription
Certificates in accordance with written directions received from the Company. The Subscription Agent shall deliver to the subscribers who have duly exercised Rights, at their registered addresses certificates representing the securities subscribed
for as instructed on the reverse side of the Subscription Certificates.

10. The Subscription Agent shall notify the Company by email as promptly as practicable after the close of
business commencing on the date of the receipt by the Subscription Agent of the first exercise of Rights the following information: (i) the number of Rights exercised an the day covered by such daily notice, (ii) the number of Rights
subject to guaranteed exercises on the day covered by such daily notice, (iii) the number of Rights for which defective exercises have been received on the day covered by such daily notice, and (iv) the cumulative total of the information
set forth in clauses (i) through (iii) above. At or before 5:00 P.M., New York City time, on the first Trading Day following the Expiration Date the Subscription Agent shall certify in writing to the Company the cumulative total through the
Expiration Date of all the information set forth in clauses (i) through (iii) above. At or before 10:00 A.M., New York City time, on the fifth Trading Day following the Expiration Date the Subscription Agent will execute and deliver to the
Company a certificate setting forth the number of Rights exercised pursuant to a Notice of Guaranteed Delivery and as to which Subscription Certificates have been timely received. The Subscription Agent shall also maintain and update a listing of
holders who have fully or partially exercised their Rights, holders who have transferred their Rights and their transferees, and holders who have not exercised their Rights. The Subscription Agent shall provide the Company or its designees with such
information compiled by the Subscription Agent pursuant to this Section 10 as any of them shall request.

11. With respect to notices or instructions to be provided by the Company hereunder, the Subscription Agent may
rely and act on any written instruction signed by any one or

------

more of the following authorized officers or employees of the Company:

---

| | |
|:---|:---|
| Name | Title |

---

12. Whether or not the Rights Offering is consummated, the Company agrees to pay the Subscription Agent for
services rendered hereunder, as set forth in the schedule attached to this Agreement.

13. The Subscription Agent may employ or retain such agents (including but not limited to, vendors, advisors and
subcontractors) as it reasonably requires to perform its duties and obligations hereunder; may pay reasonable remuneration for all services so performed by such agents; shall not be responsible for any misconduct on the part of such agents; and in
the case of counsel, may rely on the written advice or opinion of such counsel, which shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by the Subscription Agent hereunder in good faith and
in accordance with such advice or opinion. Additionally, the Subscription Agent shall identify, report and deliver any unclaimed property and/or payments to all states and jurisdictions for the Company and predecessor companies, in accordance with
applicable abandoned property law. The Subscription Agent shall also provide information agent services to the Company on terms to be mutually agreed upon by the parties hereto.

14. In addition to the standard escheatment services, the Parent, shall remain responsible for any fees related
to any state or third party audits the target company or prior target companies have previously authorized.

15. The Company hereby covenants and agrees to indemnify, reimburse and hold the Subscription Agent and its
officers, directors, employees and agents harmless against any loss, liability or reasonable expense (including legal and other fees and expenses) incurred by the Subscription Agent arising out of or in connection with entering into this Agreement
or the performance of its duties hereunder, except for such losses, liabilities or expenses incurred as a result of its gross negligence, bad faith or willful misconduct. The Company shall not be liable under this indemnity with respect to any claim
against the Subscription Agent unless the Company is notified of the written assertion of a claim against it, or of any action commenced against it, promptly after it shall have received any such written information as to the nature and basis of the
claim; provided, however, that failure by the Subscription Agent to provide such notice shall not relieve the Company of any liability hereunder if no prejudice occurs.

In no event shall the Subscription Agent have any liability for any incidental, special, statutory, indirect or consequential damages, or for any loss of profits, revenue, data or cost of cover.

All provisions regarding indemnification, liability and limits thereon shall survive the resignation or removal of the Subscription Agent or the termination of this Agreement.

------

16. Any notice or communication by the Subscription Agent or the Company to the other is duly given if in
writing and delivered in person or via first class mail (postage prepaid), or overnight air courier to the other's address.

If to the Company:

515 South Flower Street

Los Angeles, CA 90071

Attn: Peter Davidson

If to the Subscription Agent:

Equiniti Trust Company, LLC

28 Liberty Street, 53rd Floor

New York, NY 10005

Attn: Corporate Actions

Email: Reorg RM@Equiniti.com

with copy to:

Equiniti Trust Company, LLC

28 Liberty Street, 53rd Floor

New York, NY 10005

Attention: Legal Department

Email: LegalTeamUS@equiniti.com

The Subscription Agent and the Company may, by notice to the other, designate additional or different addresses for subsequent notices or communications.

17. If any provision of this Agreement shall be held illegal, invalid, or unenforceable by any court, this
Agreement shall be construed and enforced as if such provision had not been contained herein and shall be deemed an Agreement between us to the full extent permitted by applicable law.

18. This Agreement shall be governed by and construed in accordance with the laws of the State of New York,
without giving effect to principles of conflicts of law, and shall inure to the benefit of and be binding upon the successors and permitted assigns of the parties hereto.

19. Neither this Agreement, nor any rights or obligations hereunder, may be assigned by either party without the
written consent of the other party. However, the Subscription Agent may assign this Agreement or any rights granted hereunder, in whole or in part, either to affiliates, another division, subsidiaries or in connection with its reorganization

------

or to successors of all or a majority of the Subscription Agent's assets or business without the prior written consent of the Company.

20. No provision of this Agreement may be amended, modified or waived, except in writing signed by all of the
parties hereto. This Agreement may be executed in counterparts, each of which shall be for all purposes deemed an original, but all of which together shall constitute one and the same instrument.

21. Nothing herein contained shall amend, replace or supersede any agreement between the Company and the
Subscription Agent to act as the Company's transfer agent, which agreement shall remain of full force and effect.

*[signature page follows]* 

------

This Subscription Agent Agreement has been executed by the parties hereto as of the date first written above.

---

| | |
|:---|:---|
| TCW STRATEGIC INCOME FUND, INC. | TCW STRATEGIC INCOME FUND, INC. |
| <br> By: |  |
|  | Name: Peter Davidson |
|  | Title: Vice President and Secretary |

---

---

| | |
|:---|:---|
| Agreed & Accepted: | Agreed & Accepted: |
|  EQUINITI TRUST COMPANY, LLC | EQUINITI TRUST COMPANY, LLC |
|  <br> By: |  |
|  | Name: Michael Legregin |
|  | Title: Senior Vice President, Corporate Actions Relationship Management & Operations |
|  | Title: Senior Vice President, Corporate Actions Relationship Management & Operations |

---

------

**<u>Fee Schedule</u>**

---

| | |
|:---|:---|
|  Project Fee: | $37500.00 |
|  Exercise Fee (per exercise received): | $20.00 |
|  Extension Fee (per extension): | $5000.00 |
|  Proration Fee (per calculation): | $5000.00 |

---

*Plus out-of-pocket, extraordinary expenses* ***And*** *applicable sales tax (if required by state law).*

---

| | |
|:---|:---|
| DTC New CUSIP Eligibility Fee: | $6,000.00 (Non-Negotiable) |

---

The Project Fee is payable at or prior to the Launch Date to the below instructions:

Wells Fargo Bank NA.

Minneapolis, MN 55479

ABA # 121000248

SWIFT CODE: WFBIUS6S

For further credit to: Equiniti Trust Company, LLC

28 Liberty Street, 53rd Floor

New York, NY 10005

Account # 4820929628

Reference: Company name

Attn: Accounts Receivable

The party below is responsible for payment of the fees:

Name:

Attention:

Address:

Address:

Address:

Facsimile:

Phone:

Email:

The fees quoted in this schedule apply to services ordinarily rendered by Equiniti Trust Company, LLC as Subscription Agent and are subject to adjustment based on final review of documents, or when the Subscription Agent is called upon to undertake unusual duties or responsibilities, or as changes in law, procedures, or the cost of doing business demand. Out-of-pocket expenses include, but are not limited to, 1099's (calculations, production, print, mail, and IRS reporting), cost basis calculations and reporting, and regulatory mailings. Furthermore, the fees quoted in this schedule are based upon information provided to Equiniti Trust Company, LLC and are subject to change upon modification or supplementation of such information resulting in the provision of additional services by the Subscription Agent. Services in addition to and not contemplated in this Agreement, including, but not limited to, document amendments and revisions, calculations, notices and reports, legal fees and unanticipated transaction costs (including charges for wire transfers, checks, internal transfers and securities transactions) will be billed as extraordinary expenses.

## Exhibit 10.2

![LOGO](g76152g0221141330659.jpg)

February 19, 2026

TCW Strategic Income Fund, Inc.

515 South Flower Street

Losa Angeles, CA 90071

Attn: Peter Davidson

RE: TCW Strategic Income Fund, Inc. (TSI) ***– Rights Offer***

Dear Mr. Davidson:

This will serve as the Agreement between EQ Fund Solutions, LLC ("<u>EQ Fund Solutions</u>") and TCW Strategic Income Fund, Inc. (the "<u>Client</u>"), pursuant to which EQ Fund Solutions will serve the Client as Information Agent for a Rights Offer (the "<u>Offer</u>") for the Client.

**1.**  **<u>Services:</u>** 

As Information Agent, EQ Fund Solutions will handle the following services, and they will be performed promptly and diligently in compliance with all applicable laws and regulations. These services include, but are not limited to:

◾ Provide strategic counsel to the Client and its advisors on the execution of the steps to best ensure the success of the Offer.

◾ Develop a timeline, detailing the logistics and suggested methods for communication regarding the Offer.

◾ Coordinate the ordering and receipt of the Depository Trust Company participant list(s) and non-objecting beneficial owner (NOBO) list(s).

◾ Typeset and place any summary advertisement in publications selected by the Client.

◾ Contact the reorganization departments at all banks and brokerage firms to determine the number of holders and quantity of materials needed.

◾ Coordinate the printing of sufficient documents for the eligible universe of holders (if requested).

◾ Complete the mailing of needed Offer materials to any registered holders.

◾ Distribute the Offer materials to banks and brokers in sufficient quantities for all of their respective holders and follow up to ensure the correct processing of such by each firm.

◾ Distribute the documents directly to the decision maker at each major institutional holder, if any, to avoid the delay associated with the materials being filtered through the holders' custodian bank or brokerage firm.

◾ Establish a dedicated toll-free number to answer questions, provide assistance and fulfill requests for Offer materials.

◾ If requested, conduct an outbound phone campaign to the targeted universe of holders to confirm receipt and understanding of the Offer materials.

◾ Maintain contact with the bank and broker reorganization departments for ongoing monitoring of responses to the Offer.

◾ Provide feedback to the Client and its advisors as to responses to the Offer.

------

**2.**  **<u>Fees and Expenses:</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) EQ Fund Solutions agrees to complete the work described above for a base fee of **$14,500**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Out-of-pocket expenses
incurred by EQ Fund Solutions in providing the services described above shall be reimbursed by the Client, and will include such charges as search notification, postage, messengers, warehouse charges and overnight couriers, other expenses incurred
by EQ Fund Solutions in obtaining or converting depository participant listings, transmissions from Broadridge Financial Solutions (" <u>Broadridge</u> "), shareholder and/or NOBO's list processing. The estimated amount of such
expenses is $2,750 to $5,350. EQ Fund Solutions shall not incur more than $750. of such expenses without prior written approval by the Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) If applicable, outgoing calls or received calls for record or beneficial owners of the Client, including
NOBO's, will be charged at a fee of $5.00 per successful contact. A charge of $0.15 per call will be charged for each unsuccessful attempt to contact a shareholder. In addition, directory assistance will be charged at a rate of $0.60 per look-up. A charge of $0.07 per minute will be invoiced to cover telecommunications line charges incurred during the telephone solicitation campaign in connection with the Offer. EQ Fund Solutions may require an
advance to cover call center charges prior to the commencement of calls. EQ Fund Solutions will notify the Client should such advance be required, and a separate invoice will be prepared and sent to the Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) A data processing fee of $600 will be incurred for receiving, converting and processing electronic lists of
registered holders and or NOBO lists. If such lists are to be used for telephone solicitation efforts, an additional $110 per hour will be invoiced for additional data processing time. The fee of $600 would also apply if a dedicated toll free line
is set-up to take incoming calls from shareholders. A toll-free number would not be assigned without prior consent from the Client.

**3.**  **<u>Billing and Payment:</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) An invoice for the agreed base fee of **$14,500** is attached and EQ Fund Solutions requires that the
signed contract and this base fee be received by our office upon execution of this agreement. Out-of-pocket expenses, fees for completed phone calls, set-up and other fees relating to the toll-free number, and charges for telephone look-ups will be invoiced to the Client after the completion of the project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Banks, brokers and proxy intermediaries will be directed to send their invoices directly to the Client for
payment. EQ Fund Solutions will, if requested, assist in reviewing and approving any or all these invoices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) EQ Fund Solutions reserves the right to receive advance payment for any individual out-of-pocket charge anticipated to exceed $500 before incurring such expense. EQ Fund Solutions will advise the Client by e-mail or
fax of any such request for an out-of-pocket advance.

**4.**  **<u>Records:</u>** 

Copies of supplier invoices and other back-up material in support of EQ Fund Solutions' out-of-pocket expenses will be promptly provided to the Client upon request.

EQ Funds Solutions, LLC • 28 Liberty Street, 53<sup>rd</sup> Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

------

**5.**  **<u>Confidentiality:</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each party (the "<u>Receiving Party</u>") acknowledges that it may acquire or have access to Confidential Information (as defined below) of the other party (the "<u>Disclosing Party</u>") in connection with this Agreement. The Receiving Party shall not disclose Confidential Information to any other person, and shall not use Confidential Information for any purposes other than in connection with the performance of its obligations under this Agreement; <u>provided</u> that the Receiving Party shall be permitted to disclose Confidential Information pursuant to (i) the order of any court or administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law or compulsory legal process based on the advice of counsel (in which case the Receiving Party agrees, to the extent practicable and not prohibited by applicable law, to inform the Disclosing Party promptly thereof prior to disclosure); or (ii) upon the request or demand of any regulatory authority having jurisdiction over the Receiving Party (in which case the Receiving Party agrees, to the extent practicable and not prohibited by applicable law, to inform the Disclosing Party promptly thereof prior to disclosure). The Receiving Party shall safeguard the Confidential Information to the same extent that it safeguards its own confidential information of a like nature and in any event with not less than a reasonable degree of care. "<u>Confidential Information</u>" means, as to the Disclosing Party (as defined below) and, if applicable, its affiliates: (i) information concerning the business of the Disclosing Party and, if applicable, its affiliates (including, without limitation, business, financial, technical, and other information marked or designated by such Party as "confidential" or "proprietary", historical financial statements, financial projections and budgets, audits, tax returns and accountants' materials, historical, current and projected sales, capital spending budgets and plans, business plans, strategic plans, marketing and advertising plans, publications, and customer agreements); (ii) information that, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential; (iii) information, including account information, relating to the shareholders of the Disclosing Party; and (iv) all notes, analyses, compilations, studies, summaries and other material prepared by the Receiving Party (as defined below), its affiliates, employees, agents, and representatives containing or based, in whole or in part, on any or all of the foregoing; <u>provided</u> that Confidential Information shall not include any information that (x) is or becomes (through no improper action or inaction of the Receiving Party) generally available to the public; (y) was rightfully disclosed to the Receiving Party by a third party without a breach of any confidentiality obligations hereunder; or (z) was independently developed by the Receiving Party without reference to or use of any Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Compliance With Privacy Laws and Regulations</u>** 

EQ Fund Solutions agrees to take commercially reasonable steps to comply with the requirements of all applicable state and federal laws and regulations regarding the security, protection and confidentiality of personal information, as amended from time to time. EQ Fund Solutions further agrees to comply with Massachusetts General Law, c. 93H and implementing regulations thereunder, including 201 CMR 17.00 *et*. *seq*. (together with the laws and regulations referenced in the first sentence, collectively, the "Privacy Laws"). EQ Fund Solutions agrees to notify the Client promptly of any failure to comply with the Privacy Laws.

To the extent that the Client or Client affiliates (collectively, the "<u>Client Affiliates</u>") provide EQ Fund Solutions with or EQ Fund Solutions has access to (either orally, in hard copy, electronic format or otherwise) any personal information (as defined in the Privacy Laws) ("<u>PI</u>"), EQ Fund Solutions agrees not to disclose or use any such PI for any purpose except to the extent necessary to carry out the purposes for which Client Affiliates disclosed the PI or as permitted by law in the ordinary course of business to carry out those purposes. Unless pre-approved in writing by the Client, EQ Fund Solutions further agrees not to disclose PI to any third parties provided, however, that EQ Fund Solutions may disclose PI on a "need to know" basis to auditors and attorneys retained by EQ Fund Solutions (the "<u>Representatives</u>") that have agreed in writing to keep such information confidential on terms substantially similar to those set forth herein. EQ Fund Solutions agrees to cooperate with the Client's reasonable requests for information concerning EQ Fund Solutions' policies and procedures for the protection and safeguarding of PI.

EQ Funds Solutions, LLC • 28 Liberty Street, 53<sup>rd</sup> Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

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Any and all data provided to EQ Fund Solutions is, and shall remain at all times, the exclusive property of the Client. Subject to any federal, state or regulatory requirements concerning records retention or as otherwise directed by the Client, EQ Fund Solutions shall either return or destroy all PI (except for one copy as required by law, regulation or professional standards) once EQ Fund Solutions no longer requires the PI to provide the products and/or services hereunder and EQ Fund Solutions shall promptly retrieve, deliver, and destroy all data and copies thereof in its possession upon the earliest of the requirements of this Agreement, the Client's request, or the termination of this Agreement. Notwithstanding any other provision in this Agreement, EQ Fund Solutions shall not possess or assert any lien against or to the Client data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.**  **<u>Establishment of a Comprehensive Written Information Security Program</u>** 

EQ Fund Solutions agrees that it has established and will maintain and comply with written policies and procedures which are reasonably designed to comply with Privacy Laws concerning the protection and safeguarding of PI. Without limiting any requirements under Privacy Laws, such policies and procedures shall address: (i) administrative, technical, and physical safeguards for the protection of the Client records and data that contain PI; (ii) detection of any unauthorized access to or use of PI for unauthorized purposes; and (iii) the proper destruction of such materials so that the information contained therein cannot be practicably read or reconstructed.

In order to aid the Client with its compliance with applicable Privacy Laws, EQ Fund Solutions agrees to: (i) upon written request, provide certifications of compliance with Privacy Laws, including without limitation, certification that EQ Fund Solutions maintains, monitors and complies with a written information security program which is reasonably designed to comply with applicable Privacy Laws; (ii) allow the Client Affiliates, at their expense, the right to audit EQ Fund Solutions' compliance; and (iii) cooperate with the Client' reasonable requests for information concerning EQ Fund Solutions' policies and procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.**  **<u>Notification of any Security Incident</u>** 

EQ Fund Solutions agrees that it will notify the Client in writing in the most expedient time possible and without delay of any actual loss of, unauthorized disclosure, access or use of any data or any facilities associated therewith, or any other incident which may compromise the security, integrity or confidentiality of the PI or Confidential Information. EQ Fund Solutions shall reasonably cooperate with the Client's investigation and response to each actual threat to the security, confidentiality or integrity of PI or Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e.**  **<u>Restriction on Transferability of Data Furnished by the Client to EQ Fund Solutions</u>** 

In the event the Client pre-approves EQ Fund Solutions disclosing PI to third parties, EQ Fund Solutions understands and agrees that this Agreement governs EQ Fund Solutions' right to subcontract, transfer, forward, or in by any means share PI received from the Client. EQ Fund Solutions agrees to (i) ensure any person to whom EQ Fund Solutions discloses PI is compliant with Privacy Laws, (ii) conduct a reasonable investigation of any person to whom EQ Fund Solutions discloses PI to verify that such person with access to PI has the capacity to protect such PI, and (iii) contractually require any person to whom EQ Fund Solutions discloses PI to comply with Privacy Laws and provide notification to EQ Fund Solutions of any failure to comply with Privacy Laws or any incident that may threaten the confidentiality, security or integrity of PI.

**6.**  **<u>Indemnification:</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Client agrees to indemnify and hold EQ Fund Solutions and all of its affiliates, agents, directors, officers and employees harmless against any loss, claim, demand, action, suit, damage, liability or expense (including, without limitation, reasonable legal and other related fees and expenses (collectively, "<u>Liabilities</u>") arising out of this Agreement, including, without limitation, any Liability arising directly from material misstatements or

EQ Funds Solutions, LLC • 28 Liberty Street, 53<sup>rd</sup> Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

------

omissions in the applicable Client Prospectuses, Statements of Additional Information, proxy statements, proxy solicitation materials, reports to shareholders or other materials prepared by the Client or its agents (other than EQ Fund Solutions) for distribution to the shareholders of the Client or any negligent actions or inactions by the Client or any of its agents or contractors (other than EQ Fund Solutions); except to the extent that such Liabilities are the result of willful misfeasance, bad faith or gross negligence of EQ Fund Solutions, its officers, directors, employees or agents, in the performance of its duties or obligations under this Agreement or from the reckless disregard by EQ Fund Solutions, its officers, directors, employees or agents of its duties and obligations under this Agreement. At its election, the Client may assume the defense and settlement of any such action. EQ Fund Solutions hereby agrees to advise the Client of any such liability or claim promptly after receipt of the notice thereof; provided however, that EQ Fund Solutions' right to indemnification hereunder shall not be limited by its failure to promptly advise the Client of any such liability or claim, except to the extent that the Client is prejudiced by such failure. Any settlement, unless it is solely monetary in nature, shall be subject to EQ Fund Solutions' prior consent, which consent shall not be unreasonably withheld or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) EQ Fund Solutions agrees to indemnify and hold the Client and all of its affiliates, agents, trustees, officers and employees harmless against: (i) any Liabilities arising out of the performance of this Agreement, including any Liability arising directly from material misstatements or omissions in any and all offering or solicitation materials (including scripts) prepared by EQ Fund Solutions for distribution to the shareholders of the Client and utilized by EQ Fund Solutions without the written approval of the Client and any or all representations made by EQ Fund Solutions to the extent such representations differ from the offering or solicitation materials approved by the Client; and (ii) any Liabilities resulting from the willful misfeasance or gross negligence of EQ Fund Solutions, its officers, directors, employees or agents in the performance of their duties or obligations under this Agreement or from the reckless disregard by the Client, its officers, trustees, employees or agents of its duties and obligations under this Agreement. At its election, EQ Fund Solutions may assume the defense of any such action. The Client hereby agrees to advise EQ Fund Solutions of any such liability or claim promptly after receipt of the notice thereof; provided however, that the Client's right to indemnification hereunder shall not be limited by its failure to promptly advise EQ Fund Solutions of any such liability or claim, except to the extent that EQ Fund Solutions is prejudiced by such failure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This indemnity shall survive the termination of this Agreement or the resignation or removal of EQ Fund Solutions hereunder.

**7.**  **<u>Termination:</u>** 

EQ Fund Solutions' appointment under this Agreement shall be effective as of the date of this letter and will continue thereafter until the termination or completion of the assignment, or until such date as EQ Fund Solutions may complete the duties requested by the Client or its counsel. To the extent the Offer does not occur, EQ Fund Solutions will return to the client the Base Fee less any reasonable out-of-pocket expenses incurred by EQ Fund Solutions hereunder through the date of the termination hereof.

**8.**  **<u>Governing Law:</u>** 

This Agreement will be governed and construed in accordance with the laws of the State of New York for contracts made and to be performed entirely in New York, and shall inure to the benefit of, and the obligations created hereby shall be binding upon, the successors and assigns of the parties hereto, except that EQ Fund Solutions may neither assign its rights nor delegate its duties without the Client's prior written consent.

EQ Funds Solutions, LLC • 28 Liberty Street, 53<sup>rd</sup> Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

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If you are in agreement with the above, kindly sign a copy of this agreement in the space provided for that purpose below and return copy to us. Additionally, an invoice for the base fee is attached and EQ Fund Solutions requires that the base fee be received by it upon execution of this agreement.

---

| |
|:---|
| Sincerely, |
|  EQ FUND SOLUTIONS, LLC |
| Name: Paul J. Torre |
| Title: President |

---

---

| | |
|:---|:---|
|  Agreed to and accepted as of the date set forth on this agreement: | Agreed to and accepted as of the date set forth on this agreement: |
|  TCW Strategic Income Fund, Inc. | TCW Strategic Income Fund, Inc. |
| BY: | <u>Peter Davidson, Vice President and Secretary</u> |
|  | Print Authorized Name & Title |
|  | Authorized Signature |

---

<u>February</u> <u>19, 2026</u>

Date

EQ Funds Solutions, LLC • 28 Liberty Street, 53<sup>rd</sup> Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

------

![LOGO](g76152g0221141331732.jpg)

**BASE FEE INVOICE FOR INFORMATION AGENT SERVICES** 

**TCW Strategic Income Fund, Inc.** 

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| | |
|:---|:---|
| Date: | **February 19, 2026** |
| Invoice Number | **16935** |

---

  <u>TO: </u>   <u> TCW Strategic Income Fund, Inc. 865 South Figueroa Street Los Angeles CA 90017 Attn: Peter Davidson</u>

Base Fee for Information Agent Services, an invoice for all out-of-pocket expenses covered by the Agreement will be sent after the expiration date.

---

| | |
|:---|:---|
| &nbsp;&nbsp; *AMOUNT DUE UPON EXECUTION OF THE ABOVE AGREEMENT:* | **$14500.00** |

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| |
|:---|
| &nbsp;&nbsp; Our bank information is: |
| &nbsp;&nbsp; **Wells Fargo Bank**<br> **420 Montgomery Street**<br> **San Francisco, CA 94104**<br> **ACH & Wire Routing: 121000248**<br> **Account: 4696210467**<br> **Swift/BIC Code: WFBIUS6S** |

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&nbsp;&nbsp;&nbsp;&nbsp;◆ **EQ Fund Solutions, LLC Tax ID # is 26-2383678** 

EQ Funds Solutions, LLC • 28 Liberty Street, 53rd Floor, New York, NY 10005 • Tel: 212.400.2610 • www.EQfundsolutions.com

## Exhibit 99.1

**NOTICE OF GUARANTEED DELIVERY** 

**For Shares of Common Stock of** 

**TCW Strategic Income Fund, Inc.** 

**Subscribed for under the Primary Subscription Right** 

**and Pursuant to the Over-Subscription Privilege** 

As set forth in the Prospectus Supplement, dated February 19, 2026, and the accompanying Prospectus, dated January 5, 2026 (together, the "<u>Prospectus</u><u>"</u>), this form or one substantially equivalent hereto may be used as a means of effecting subscription and payment for all of the Fund's shares of common stock, par value $0.01 per share (the "<u>Common Stock</u>"), subscribed for under the primary subscription right and pursuant to the over-subscription privilege. Such form may be delivered by email, overnight courier, express mail or first class mail to the Subscription Agent and must be received prior to 5:00 p.m., Eastern time, on March 18, 2026, as such date may be extended from time to time (the "<u>Expiration Date</u>"). The terms and conditions of the Offer set forth in the Prospectus are incorporated by reference herein. Capitalized terms used and not otherwise defined herein have the meaning attributed to them in the Prospectus.

**The Subscription Agent is:** 

Equiniti Trust Company, LLC

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| | |
|:---|:---|
| *By First Class Mail* | *By Express Mail or Overnight Courier:* |
| TCW Strategic Income Fund, Inc.<br> c/o Equiniti Trust Company, LLC<br> 1110 Centre Pointe Curve, Suite #101<br> Mendota Heights, MN 55120<br> Attn: Reorganization Department | TCW Strategic Income Fund, Inc.<br> c/o Equiniti Trust Company, LLC<br> 1110 Centre Pointe Curve, Suite #101<br> Mendota Heights, MN 55120<br> Attn: Reorganization Department |
|  | For information call the Information Agent,<br>EQ Fund Solutions, LLC: (877) 283-0323. |

---

**DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A VALID DELIVERY.** 

The New York Stock Exchange (the "<u>NYSE</u>") member firm or bank or trust company which completes this form must communicate this guarantee and the number of shares of Common Stock subscribed for in connection with this guarantee (separately disclosed as to the primary subscription right and the over-subscription privilege) to the Subscription Agent and must deliver this Notice of Guaranteed Delivery, to the Subscription Agent, prior to 5:00 p.m., Eastern time, on the Expiration Date, guaranteeing delivery of a properly completed and signed Subscription Certificate (which certificate must then be delivered to the Subscription Agent no later than the close of business of the first business day after the Expiration Date). Failure to do so will result in a forfeiture of the Rights.

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**GUARANTEE** 

The undersigned, a member firm of the NYSE or a bank or trust company having an office or correspondent in the United States, guarantees delivery to the Subscription Agent by no later than 5:00 p.m., Eastern time, on the first business day after the Expiration Date (March 18, 2026), unless extended as described in the Prospectus, of a properly completed and executed Subscription Certificate, as subscription for such shares of Common Stock is indicated herein or in the Subscription Certificate. Participants should notify the Depositary prior to covering through the submission of a physical security directly to the Depositary based on a guaranteed delivery that was submitted via the PTOP platform of The Depository Trust Company ("<u>DTC</u>").

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| | |
|:---|:---|
| **TCW STRATEGIC INCOME FUND, INC.** | **Broker Assigned Control #_______** |

---

---

| | | | |
|:---|:---|:---|:---|
| 1. Primary Subscription | Number of Rights to be exercised | Number of shares of Common Stock under the primary subscription right requested for which you are guaranteeing delivery of Rights | Payment to be made in connection with the shares of Common Stock subscribed for under the primary subscription right |
|  | __________ Rights | __________ Shares of Common Stock (Rights ÷ by 3) | $|
| 2. Over-Subscription |  | Number of shares of Common Stock requested pursuant to the over-subscription privilege | Payment to be made in connection with the shares of Common Stock requested pursuant to the over-subscription privilege |
|  |  | __________ shares of Common Stock: | $|
| 3. Totals | Total number of Rights to be delivered | Total number of shares of Common Stock subscribed for and/or requested |  |
|  | __________ Rights | Shares of Common Stock: | $ Total Payment |

---

Method of delivery of the Notice of Guaranteed Delivery (circle one)

A. Through DTC

B. Direct to Equiniti Trust Company, LLC, as Subscription Agent.

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Please reference below the registration of the Rights to be delivered.

PLEASE ASSIGN A UNIQUE CONTROL NUMBER FOR EACH GUARANTEE SUBMITTED. This number needs to be referenced on any direct delivery of Rights or any delivery through DTC.

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| | |
|:---|:---|
| Name of Firm | Authorized Signature |
| DTC Participant Number<u> </u> | Title  |
| Address<u> </u> | Name (Please Type or Print)  |
| Zip Code<u> </u> | Phone Number  |
| Contact Name<u> </u> | Date  |

---

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**BENEFICIAL OWNER LISTING CERTIFICATION** 

**TCW Strategic Income Fund, Inc.** 

The undersigned, a bank, broker or other nominee holder of Rights ("<u>Rights</u>") to purchase shares of common stock, $0.01 par value per share (the "<u>Common Stock</u>"), of TCW Strategic Income Fund, Inc. (the "<u>Fund</u>") pursuant to the rights offering (the "<u>Offer</u>") described and provided for in the Fund's Prospectus Supplement, dated February 19, 2026, and the accompanying Prospectus, dated January 5, 2026 (together, the "<u>Prospectus</u>"), hereby certifies to the Fund and to Equiniti Trust Company, LLC, as Subscription Agent for such Offer, that for each numbered line filled in below, the undersigned has exercised, on behalf of the beneficial owner thereof (which may be the undersigned), the number of Rights specified on such line pursuant to the primary subscription right (as specified in the Prospectus) and such beneficial owner wishes to subscribe for the purchase of additional shares of Common Stock pursuant to the over-subscription privilege (as described in the Prospectus, in the amount set forth in the third column of such line).

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| | | |
|:---|:---|:---|
| **Number of shares of Common**<br> **Stock owned as of the Record Date** | **Number of Rights<br>exercised pursuant to the<br>primary subscription right** | **Number of Shares of**<br> **Common Stock requested**<br> **pursuant to the over-**<br> **subscription**<br> **privilege** |
| 1. |  |  |
| 2. |  |  |
| 3. |  |  |
| 4. |  |  |
| 5. |  |  |
| 6. |  |  |
| 7. |  |  |
| 8. |  |  |
| 9. |  |  |
| 10. |  |  |

---

---

| | |
|:---|:---|
|  Name of Nominee Holder | Name of Nominee Holder |
|  By: |  |
|  Name: |  |
|  Title: |  |
|  Dated: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2026 |

---

---

| | |
|:---|:---|
| Provide the following information, if applicable: |  |
| Depository Trust Corporation ("<u>DTC</u>") Participant Number |  |
|  | Name of Broker |
| DTC Primary Subscription Confirmation Number(s) | Address |

---

## Exhibit 99.2

![LOGO](g76152g88m02.jpg)

SUBSCRIPTION CERTIFICATE #: NUMBER OF RIGHTS THE TERMS AND CONDITIONS OF THE OFFER ARE SET FORTH IN THE COMPANY'S PROSPECTUS SUPPLEMENT DATED FEBRUARY 19, 2026 AND ACCOMPANYING PROSPECTUS (TOGETHER, THE "PROSPECTUS") AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM EQ FUND SOLUTIONS, LLC, THE INFORMATION AGENT. TCW STRATEGIC INCOME FUND, INC. Formed under the laws of the State of Maryland TRANSFERABLE SUBSCRIPTION CERTIFICATE Evidencing Transferable Subscription Rights to Purchase Shares of Common Stock of TCW Strategic Income Fund, Inc. Estimated Subscription Price: $4.52 per Share THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00 P.M., EASTERN TIME, ON MARCH 18, 2026, UNLESS EXTENDED BY THE FUND REGISTERED OWNER: THIS CERTIFIES THAT the registered owner whose name is inscribed hereon is the owner of the number of transferable subscription rights ("Rights") set forth above. Three Rights entitle the holder thereof to subscribe for and purchase one shares of Common Stock, par value of $0.01 per share, of TCW Strategic Income Fund, Inc., incorporated in Maryland, at an estimated price of $4.52 per share (the "Primary Subscription Privilege"), pursuant to a rights offering (the "Offer"), on the terms and subject to the conditions set forth in the Prospectus and the "Instructions as to Use of TCW Strategic Income Fund, Inc. Subscription Certificates" accompanying this Subscription Certificate. If any shares of Common Stock available for purchase in the Offer are not purchased by other stockholders of Rights pursuant to the exercise of their Primary Subscription Privilege (the "Excess Shares"), any Rights holder who was a stockholder of record of shares of Common Stock as of 5:00 P.M. Eastern Time on February 19, 2026 ("Record Date Stockholders") that exercises its Primary Subscription Privilege in full may subscribe for a number of Excess Shares pursuant to the terms and conditions of the Offer, subject to proration, as described in the Prospectus (the "Over-Subscription Privilege"). Fractional shares will not be issued upon the exercise of the Rights. Accordingly, shares of Common Stock may be purchased only pursuant to the exercise of Rights in integral multiples of three; however, any Record Date Stockholder who owns fewer than three shares of Common Stock as of 5:00 P.M. Eastern Time on February 19, 2026, may subscribe for one full share of Common Stock. The Rights represented by this Subscription Rights Certificate may be exercised by completing Form 1 and any other appropriate forms on the reverse side and by returning the full payment of the estimated subscription price for each share of Common Stock in accordance with the "Instructions as to Use of TCW Strategic Income Fund, Inc. Subscription Rights Certificates" that accompany this Subscription Rights Certificate. This Subscription Certificate is not valid unless it is countersigned by the subscription agent and registered by the registrar. Witness the signatures of the duly authorized officers of TCW Strategic Income Fund, Inc. Dated: February 19, 2026 ___/s/ Richard Villa________________ President

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![LOGO](g76152g88m01.jpg)

DELIVERY OPTIONS FOR SUBSCRIPTION CERTIFICATE Delivery other than in the manner or to the addresses listed below will not constitute valid delivery. If delivering by hand: Equiniti Trust Company, LLC 1110 Centre Pointe Curve, Suite #101 Mendota Heights, MN 55120 Attn: Reorganization Department If delivering by mail or overnight courier: Equiniti Trust Company, LLC 1110 Centre Pointe Curve, Suite #101 Mendota Heights, MN 55120 Attn: Reorganization Department PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY. FORM 1-EXERCISE OF SUBSCRIPTION RIGHTS To subscribe for shares of Common Stock pursuant to your Primary Subscription Privilege, please complete lines (a) and (c) and sign under Form 4 below. To subscribe for shares of Common Stock pursuant to your Over-Subscription Privilege, please also complete line (b) and sign under Form 4 below. To the extent you subscribe for more shares of Common Stock than you are entitled under either the Primary Subscription Privilege or the Over-Subscription Privilege, you will be deemed to have elected to purchase the maximum number of shares of Common Stock for which you are entitled to subscribe under the primary subscription or Over-Subscription Privilege, as applicable. (a) EXERCISE OF BASIC SUBSCRIPTION RIGHT: I apply for ______________ shares x $4.52 = $_______________ (no. of new shares) (estimated subscription price) (amount enclosed) (b) EXERCISE OF OVER-SUBSCRIPTION PRIVILEGE If you are a Record Date Stockholder and have exercised your Primary Subscription Privilege in full and wishto subscribe for additional shares of Common Stock pursuant to your Over-Subscription Privilege: I apply for ______________ shares x $4.52 = $_______________ (no. of new shares) (estimated subscription price) (amount enclosed) (c) Total Amount of Payment Enclosed = $__________________ METHOD OF PAYMENT (CHECK ONE) ☐ Check or bank draft payable to "Equiniti Trust Company, LLC as Subscription Agent." ☐ Wire transfer of immediately available funds directly to the account maintained by Equiniti Trust Company, LLC, as Subscription Agent, for purposes of accepting subscriptions in this Offer at JPMorgan Chase Bank, 55 Water Street, New York, New York 10005, ABA #021000021 or Swift Code: CHASUS33, Account # 530-354616 Equiniti Trust Company, LLC FBO TCW Strategic Income Fund, Inc. with reference to the rights holder's name. Please note $4.52 is an estimated subscription price only. The subscription price will be determined as described in the Prospectus. FORM 2-TRANSFER TO DESIGNATED TRANSFEREE To transfer your subscription rights to another person, complete this Form 2 and have your signature guaranteed under Form 5. For value received ______________ of the subscription rights represented by this Subscription Certificate are assigned to: Social Security # __________________________________________________ Signature(s): ______________________________________________________ IMPORTANT: The signature(s) must correspond with the name(s) as printed on the reverse of this Subscription Certificate in every particular, without alteration or enlargement, or any other change whatsoever. FORM 3-DELIVERY TO DIFFERENT ADDRESS If you wish for the shares of Common Stock underlying your subscription rights, acertificate representing unexercised subscription rights or the proceeds of any sale of subscription rights to be delivered to an address different from that shown on the face of this Subscription Certificate, please enter the alternate address below, sign under Form 4 and have your signature guaranteed under Form 5. FORM 4-SIGNATURE TO SUBSCRIBE: I acknowledge that I have received the Prospectus Supplement and accompanying Prospectus for this Offer and I hereby irrevocably subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus Supplement and accompanying Prospectus. Signature(s): ______________________________________________________ IMPORTANT: The signature(s) must correspond with the name(s) as printed on the reverse of this Subscription Certificate in every particular, without alteration or enlargement, or any other change whatsoever. FORM 5-SIGNATURE GUARANTEE This form must be completed if you have completed any portion of Forms 2 or 3. Signature Guaranteed: _______________________________________________ (Name of Bank or Firm) By:_______________________________________________________________ (Signature of Officer) IMPORTANT: The signature(s) should be guaranteed by an eligible guarantor institution (bank, stock broker, savings & loan association or credit union) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15. FOR INSTRUCTIONS ON THE USE OF TCW STRATEGIC INCOME FUND, INC. SUBSCRIPTION CERTIFICATES, CONSULT THE INFORMATION AGENT EQ FUND SOLUTIONS, AT (877) 283-0323.