Market Overview

TCW Strategic Income Fund Announces First Quarter Distribution

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TCW Strategic Income Fund, Inc. (NYSE:TSI) today announced a quarterly
distribution of $0.055 per share payable to shareholders of record on
March 31, 2017, with the payable date of April 13, 2017.

The distribution is based on a policy that was approved by the Board of
Directors in December 2013 which was to pay distributions out of the
Fund's accumulated net investment income and/or other sources subject to
the requirements of the Investment Company Act of 1940, as amended, and
Sub-chapter M of the Internal Revenue Code. The Directors will regularly
monitor conditions and circumstances relating to the distribution of
dividends and make such changes as they, in consultation with the Fund's
portfolio managers, deem appropriate. Distribution policy is a matter of
Board discretion and may be modified or terminated at any time without
prior notice.

TSI is a closed-end fund listed on the New York Stock Exchange. The Fund
began operations in March 1987 and currently has net assets of
approximately $280 million.

About The TCW Group

TCW is a leading global asset management firm with a broad range of
products across fixed income, equities, emerging markets and alternative
investments. With more than four decades of investment experience, TCW
today manages over $190 billion in client assets. Through the MetWest
Funds, TCW Funds and TCW Alternative Funds families, TCW manages one of
the largest mutual fund complexes in the U.S. TCW's clients include many
of the world's largest corporate and public pension plans, financial
institutions, endowments and foundations, as well as financial advisors
and high net worth individuals. For more information, please visit www.tcw.com.

Various matters discussed in this news release constitute
forward-looking statements within the meaning of the federal securities
laws. Actual results and the timing of certain events could differ
materially from those projected or contemplated by these forward-looking
statements due to a number of factors, including general economic
conditions, overall availability of certain types of securities for
investment by the Fund, the level of volatility in the securities
markets and in the share price of the Fund, and other risk factors
outlined in the Fund's SEC Filings.

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