BOSTON,
July 19,
2024 /PRNewswire/ -- The Taiwan Fund, Inc. (the
"Fund") (NYSE: TWN) announced today details regarding its
investment performance for the three month period ended
May 31, 2024.
The Fund reported a net asset value per
share of $49.64 as of the close of
business on May 31, 2024. This
represents an increase of $1.26 per
share from the net asset value per share of $48.38 reported on Feb 29,
2024. The Fund's share price, as traded on the New York
Stock Exchange on May 31, 2024, was
$39.84, representing a discount to
net asset value of 19.74%. This represents an increase of
$1.02 per share from the share price
of $38.82 on February 29, 2024, which represented a discount
to net asset value of 19.76%. The Fund had a total return of 2.60%
for the three months ended May 31,
2024 based on the change in its net asset value. For the
same period the TAIEX Total Return Index returned 9.46% (in US$
terms).
For the nine month period ended
May 31, 2024, the Fund's net asset
value per share increased $9.91 per
share from the net asset value per share of $39.73 reported on August
31, 2023. For the nine month period ended May 31, 2024, the share price, as traded on the
NYSE, increased $8.74 per share from
the share price of $31.10 reported on
August 31, 2023. The Fund had a
total return of 26.56% for the nine month period ended May 31, 2024 based on the change in its net asset
value. For the same period the TAIEX Total Return Index returned
26.08% (in US$ terms).
For the three month period ended
May 31, 2024, the Fund had net
realized gains of $18,996,701
on investments and foreign currency transactions and a
decrease in net unrealized appreciation of $13,057,608 on investments and
foreign currency transactions. The Fund's net investment income
(consisting of dividend and interest income less operating
expenses) for the same period was $946,970.
|
Quarter
Ended
|
Nine Months
Ended
|
|
Quarter
Ended
|
Nine Months
Ended
|
|
May 31,
|
May
31,
|
|
May 31,
|
May
31,
|
|
2024
|
2024
|
|
2023
|
2023
|
|
|
|
|
|
|
|
Total Net
Assets
|
$345,529,574
|
$345,529,574
|
|
$266,972,230
|
$266,972,230
|
|
|
|
|
|
|
|
Gross Investment
Income
|
$1,194,955
|
$2,864,649
|
|
$781,065
|
$1,648,946
|
|
Per
Share
|
$0.16
|
$0.40
|
|
$0.10
|
$0.22
|
|
|
|
|
|
|
|
Net Investment Income
(Loss)
|
$946,970
|
$655,782
|
|
$(65,714)
|
$(730,041)
|
|
Per
Share
|
$0.13
|
$0.09
|
|
$(0.01)
|
$(0.10)
|
|
|
|
|
|
|
|
Net Realized Gain
(Loss) on Investments
|
|
|
|
|
|
|
and Foreign
Currency Transactions
|
$18,996,701
|
$34,938,340
|
|
$1,210,255
|
$(3,465,932)
|
|
|
|
|
|
|
|
Change in Net
Unrealized
|
|
|
|
|
|
|
Appreciation
(Depreciation) on Investments
|
$(13,057,608)
|
$35,385,682
|
|
$24,413,350
|
$47,352,607
|
|
and Foreign Currency
Translations
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Realized and
Unrealized
|
|
|
|
|
|
|
Gain (Loss) on
Investments
|
$5,939,093
|
$70,324,022
|
|
$25,623,605
|
$42,886,675
|
|
Per
Share
|
$0.82
|
$9.70
|
|
$3.43
|
$5.87
|
|
|
|
|
|
|
|
Net Increase
(Decrease) in Net
|
|
|
|
|
|
|
Assets Resulting from
Operations
|
$6,886,063
|
$70,979,804
|
|
$25,557,891
|
$43,156,634
|
|
Per
Share
|
$0.95
|
$9.79
|
|
$3.42
|
$5.78
|
*****
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.
CONTACT:
Brian F. Link, Secretary
1-800-426-5523
www.thetaiwanfund.com
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content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-3rd-quarter-earnings-302201958.html
SOURCE The Taiwan Fund, Inc.