The Taiwan Fund, Inc. Announces 1St Quarter Earnings

(MENAFN- PR Newswire)

NEW YORK, Jan. 15, 2025 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE:
TWN ) announced today details regarding its investment performance for the three month period ended November 30, 2024.

The Fund reported a net asset value per share of $52.97 as of the close of business on November 30, 2024. This represents a decrease of $0.81 per share from the net asset value per share of $53.78 reported on August 31, 2024. The Fund had a total return of -1.51% for the three months ended November 30, 2024 based on the change in its net asset value.
For the same period the TAIEX Total Return Index returned -1.34% (in US$ terms).

The Fund's share price, as traded on the New York Stock Exchange on November 30, 2024, was $42.63, representing an decrease of $2.10 per share from the share price of $44.73 on August 31, 2024. The Fund's discount to net asset value per share increased from 16.83% on August 31, 2024 to 19.52% on November 30, 2024.

For the three month period ended November 30, 2024, the Fund had net realized gains of $3,115,096 on investments and foreign currency transactions and decrease in net unrealized appreciation of $9,851,700 on investments and foreign currency transactions. The Fund's net investment loss (consisting of dividend and securities lending income less operating expenses) for the same period was $27,963.

	Quarter Ended November 30, 2024	Year Ended August 31, 2024	Quarter Ended November 30, 2023
Total Net Assets	$ 347,890,875	$ 361,509,514	$ 306,065,923
Gross Investment Income Per Share	$ 764,706 $0.12	$ 6,115,129	$ 998,425 $0.14
Net Investment Income (Loss) Per Share	$ (27,963) ($0.00)	$ 3,106,498	$ 411,196 $0.06
Net Realized Gain (Loss) on Investments and Foreign Currency Transactions	$ 3,115,096	$ 56,877,587	$ 2,162,657
Change in Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Translations	$ (9,851,700)	$ 37,192,712	11,260,797
Total Realized and Unrealized Gain (Loss) on Investments Per Share	$ (6,736,604) $(1.03)	$ 94,070,299	$ 13,423,455 $1.83
Net Increase (Decrease) in Net Assets Resulting from Operations Per Share	$ (6,764,566) $ (1.03)	$ 97,176,797	$ 13,834,651 $1.89

*****

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 or call 1-800-426-5523.

(End)

CONTACT:
Brian F. Link, Secretary
1-800-426-5523

SOURCE The Taiwan Fund, Inc.

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