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.
The Taiwan Fund, Inc. reports developments for a NYSE-listed, non-diversified closed-end investment company focused on long-term capital appreciation through equity securities listed on the Taiwan Stock Exchange. News commonly covers net asset value publication, portfolio performance, market-price discounts or premiums, TAIEX Total Return Index comparisons, and the effect of Taiwan market holidays on NAV calculations.
Company updates also include distributions of capital gains and net investment income, dividend reinvestment and cash purchase plan mechanics, conditional tender offer policies, share repurchase references, annual stockholder meeting results, board elections, and shareholder votes on fund classification and fundamental policies.
The Taiwan Fund (NYSE: TWN) has announced a long-term capital gain distribution of $7.3984 per share, payable on January 10, 2025, to stockholders of record on December 27, 2024. The ex-dividend date is set for December 27, 2024.
The Fund offers a Dividend Reinvestment and Cash Purchase Plan where participants receive shares valued at the greater of net asset value or 95% of market price when trading at a premium, or at market price when trading at a discount. The Fund is a diversified closed-end investment company focused on long-term capital appreciation through investments in Taiwan Stock Exchange-listed equity securities.
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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