Welcome to our dedicated page for Taiwan Fund news (Ticker: TWN), a resource for investors and traders seeking the latest updates and insights on Taiwan Fund stock.
Taiwan Fund, Inc. (NYSE: TWN) is a diversified closed-end management investment company, specializing in long-term capital appreciation through investments primarily in equity securities listed on the Taiwan Stock Exchange and the Republic of China. The Fund's investment strategy focuses on identifying companies with strong growth prospects, competitive positions, advanced technology, robust research and development, high productivity, healthy profit margins, attractive return on investment, and solid capital resources. Additionally, the Fund takes into account factors such as government regulation and management quality.
As of May 31, 2023, Taiwan Fund, Inc. reported a net asset value (NAV) per share of $35.74, up from $32.32 on February 28, 2023, reflecting an increase of $3.42 per share. The Fund's share price on the New York Stock Exchange was $28.67, compared to $26.71 on February 28, 2023. This indicates a discount to NAV of 19.78%, slightly higher than the previous discount of 17.36%.
The Fund achieved a total return of 10.58% for the three months ended May 31, 2023, outperforming the TAIEX Total Return Index, which posted a return of 6.40% in US dollar terms. Over the nine-month period ended May 31, 2023, the Fund's NAV per share increased by $5.78, from $29.96 on August 31, 2022. During the same period, the share price rose by $3.47, from $25.20 on August 31, 2022. This corresponds to a total return of 19.29%, while the TAIEX Total Return Index returned 17.70% in US dollar terms.
For the three months ended May 31, 2023, the Fund reported net realized gains of $1,210,255 on investments and foreign currency transactions, and an increase in net unrealized appreciation of $24,413,350 on investments and foreign currency transactions. The Fund's net investment income for the same period was $781,065, consisting of dividend and interest income less operating expenses.
Taiwan Fund, Inc. aims to offer investors significant growth potential by leveraging its expertise in the Taiwanese market. The Fund is listed on the New York Stock Exchange under the ticker symbol 'TWN.' For more information about the Fund and its holdings, visit its official website at www.thetaiwanfund.com or call 1-800-426-5523.
The Taiwan Fund, Inc. (NYSE: TWN) reported its Q3 2024 earnings, showing positive performance. The fund's net asset value increased to $49.64 per share, up $1.26 from the previous quarter. The share price rose to $39.84, representing a 19.74% discount to NAV. For the three-month period, TWN had a total return of 2.60% based on NAV change, underperforming the TAIEX Total Return Index's 9.46% return.
Over the nine-month period, TWN's NAV increased by $9.91 per share, with a total return of 26.56%, slightly outperforming the benchmark's 26.08%. The fund reported net realized gains of $18,996,701 and a decrease in unrealized appreciation of $13,057,608. Net investment income for the quarter was $946,970.
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