The Fund announced today that the Board of Directors of the Fund (the “Board”) have approved the terms of the issuance of transferrable rights (“Rights”) to the Fund’s common stockholders (“Common Stockholders”) as of February 19, 2026 (the “Record Date”), allowing the holders of Rights to subscribe for new shares of common stock, par value $0.01 per share (“Common Stock”) of the Fund at a discount to market price (the “Offer”).
TCW Investment Management Company, LLC (“TIMCO”), the Fund’s investment adviser, has recommended the Offer to the Board, and the Board has determined that conducting the Offer is in the best interest of the Fund and its stockholders. The Offer will raise additional assets for the Fund, enabling the Fund to provide increased access to a diversified portfolio of high-yield public and private investments, including private asset-backed finance, private credit, and mezzanine-level collateralized loan obligations (“CLOs”), equity and credit tranches. This strategy aims to enhance income and total return, with the objective of benefiting all stockholders.
