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.
On May 17, 2022, Allianz Global Investors U.S. LLC (AGI US) pled guilty to securities fraud in the U.S. District Court for the Southern District of New York. The U.S. SEC also imposed a cease-and-desist order against AGI US for violations linked to a discontinued offering of private funds. The SEC granted a temporary exemption to allow AGI US to remain an adviser to closed-end investment funds for four months, covering transition costs. The Taiwan Fund, Inc. (TWN) is now assessing options for a replacement adviser, pending stockholder approval.
The Taiwan Fund, Inc. (NYSE: TWN) has announced a total distribution of $2.9227 per share, effective January 10, 2022, for stockholders recorded as of December 28, 2021. This includes $2.4447 in long-term capital gains and $0.4780 in net investment income. The distribution comes with an ex-dividend date of December 27, 2021. The Fund offers a Dividend Reinvestment and Cash Purchase Plan, allowing stockholders to acquire additional shares based on market conditions. The Taiwan Fund focuses on long-term capital appreciation through investments primarily in Taiwanese equity securities.
The Taiwan Fund, Inc. (NYSE: TWN) announced capital gain and net investment income distributions totaling $2.9227 per share. This includes long-term capital gains of $2.4447 and net investment income of $0.4780 per share. The distribution is payable on January 10, 2022, to stockholders of record as of December 28, 2021, with an ex-dividend date of December 27, 2021. The Fund offers a Dividend Reinvestment and Cash Purchase Plan for stockholders wishing to participate.
The Taiwan Fund, Inc. (NYSE: TWN) reported a net asset value per share of $37.00 as of May 28, 2021, marking an increase from $33.09 as of February 26, 2021. The Fund's share price was $31.55, with a discount of 14.73% to the net asset value. The Fund delivered a total return of 11.82% over the three months and 42.63% over nine months. Notably, net realized gains on investments totaled $16.52 million. However, net investment loss was $(620,273) for the quarter.
The Taiwan Fund, Inc. (NYSE: TWN) announced a total distribution of $3.3122 per share, including long-term capital gains of $0.6156 and short-term capital gains of $2.3207. Additionally, it will distribute $0.3759 per share as net investment income. The distribution is payable on January 8, 2021, to stockholders of record as of December 29, 2020, with an ex-dividend date of December 28, 2020. The Fund offers a Dividend Reinvestment and Cash Purchase Plan for stockholders.
The Taiwan Fund, Inc. (NYSE: TWN) has announced capital gain and net investment income distributions totaling $3.3122 per share. This includes long-term capital gains of $0.6156 and short-term gains of $2.3207, along with net investment income of $0.3759. The distribution will be payable on January 8, 2021 to stockholders of record as of December 29, 2020, with an ex-dividend date of December 28, 2020. All stockholders can participate in the Fund's Dividend Reinvestment and Cash Purchase Plan.
The Board of Directors of the Taiwan Fund, Inc. (NYSE: TWN) has adopted a conditional tender offer policy, replacing its previous Discount Management Program. This policy allows for a tender offer to purchase up to 25% of outstanding shares at 98% of net asset value (NAV) if the Fund's NAV performance surpasses that of the TAIEX Total Return Index over the five years ending December 31, 2025. The Board believes this will enhance liquidity for stockholders, allowing them to sell a larger number of shares at a better price.
The Taiwan Fund, Inc. (NYSE: TWN) reported a net asset value per share of $23.42 as of May 29, 2020, an increase of $0.74 from $22.68 on February 29, 2020. The share price was $19.25, reflecting a discount to NAV of 17.81%. For the three months ended May 31, 2020, the Fund achieved a total return of 3.26%, outperforming the TAIEX Total Return Index, which returned -2.01%. However, net realized losses were $4.32 million, with a net investment loss of $444,671.
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