The Taiwan Fund, Inc. Announces the Results of the Special Stockholders Meeting to Approve a New Investment Manager by Stockholders

Rhea-AI Summary

The Taiwan Fund, Inc. (TWN) held a Special Stockholders Meeting on September 6, 2022, where stockholders approved a new Investment Advisory Agreement with Nomura Asset Management U.S.A. Inc. Nearly 97% of votes were cast in favor, with 5,848,196 shares voting for and only 198,141 against. The Taiwan Fund aims for long-term capital appreciation through investments primarily in equity securities on the Taiwan Stock Exchange, and its shares trade on the New York Stock Exchange under the ticker symbol 'TWN.'

Positive

• Approval of new Investment Advisory Agreement with 97% support from stockholders.

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• None.

BOSTON, Sept. 6, 2022 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) (the "Fund") announced today the results of its Special Stockholders Meeting held on September 6, 2022 (the "Meeting"). A quorum was achieved and the Fund's stockholders voted to approve a proposed Investment Advisory Agreement between the Fund and Nomura Asset Management U.S.A. Inc. with almost 97% of the votes cast in favor of approval of the Agreement.

For		Against		Abstain
5,848,196		198,141		1,592

The Fund is a diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "TWN."

For additional information on the Fund, including information on the Fund's holdings, visit the Fund's website at www.thetaiwanfund.com or call 1-800-426-5523.

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SOURCE The Taiwan Fund, Inc.

FAQ

What was the outcome of the Taiwan Fund's Special Stockholders Meeting on September 6, 2022?

The stockholders approved a new Investment Advisory Agreement with nearly 97% of votes in favor.

Who is the new investment advisor for the Taiwan Fund (TWN)?

Nomura Asset Management U.S.A. Inc. was approved as the new investment advisor.

How many shares voted for the investment advisory agreement at the Taiwan Fund's meeting?

5,848,196 shares voted in favor of the investment advisory agreement.

What is the primary investment focus of the Taiwan Fund?

The Taiwan Fund primarily focuses on long-term capital appreciation through investments in equity securities listed on the Taiwan Stock Exchange.