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.
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The Taiwan Fund, Inc. (TWN) held its Annual Stockholders Meeting on April 25, 2023, where stockholders re-elected five directors for one-year terms. The re-elected directors include William C. Kirby, Shelley E. Rigger, Anthony S. Clark, Thomas G. Kamp, and Warren J. Olsen. The voting results were significant, with Kirby receiving 6,258,565 votes in favor and 453,833 against, while Rigger gained 6,372,981 votes for and 339,418 against. The Fund operates as a diversified closed-end investment company, focusing on long-term capital appreciation through investments in equity securities on the Taiwan Stock Exchange. Shares of the Fund are traded on the New York Stock Exchange under the ticker symbol 'TWN.'
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The Taiwan Fund, Inc. (TWN) announced that due to the Taiwanese market closure for the Chinese New Year, it will calculate its net asset value (NAV) from January 18 to January 29, 2023. This calculation will be based on portfolio holdings and their market prices as of the last trading day, January 17, 2023, adjusted for U.S. dollar and Taiwanese dollar exchange rate fluctuations. The Taiwan Stock Exchange will re-open on January 30, 2023. The Fund focuses on long-term capital appreciation through investments in equity securities listed on the Taiwan Stock Exchange.
The Taiwan Fund, Inc. (TWN) announced on September 19, 2022, that Nomura Asset Management U.S.A. Inc. will now manage its portfolio. The Taiwan Fund is a closed-end investment company focusing on long-term capital appreciation through investments primarily in equity securities listed on the Taiwan Stock Exchange. TWN shares are traded on the New York Stock Exchange. For further details about the Fund's holdings, visit www.thetaiwanfund.com.
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.'
The Taiwan Fund, Inc. (NYSE: TWN) has selected Nomura Asset Management U.S.A. Inc. as its new Investment Adviser, pending stockholder approval at a special meeting on September 6, 2022. Nomura, with total assets under management of US$463.4 billion, aims to enhance the Fund's investment performance through a team-based, growth-oriented strategy. The proposed agreement includes a base fee of 0.60% and a performance adjustment based on returns relative to the TAIEX Total Return Index, aligning interests with shareholders. The Fund focuses on long-term capital appreciation through investments in Taiwan-listed equities.
The Taiwan Fund, Inc. (NYSE: TWN) reported a net asset value of $35.18 per share as of May 31, 2022, down $5.18 from $40.36 on February 28, 2022. The Fund's share price was $28.34, reflecting a 19.44% discount to NAV. Total return for the quarter was -12.83%, compared to a -7.79% return for the TAIEX Total Return Index. For the nine months ended May 31, 2022, NAV per share fell $7.65, and the Fund experienced a net realized loss of $16,177,574 on investments.
The Taiwan Fund, Inc. (NYSE: TWN) announced its plans to select a new investment adviser, replacing Allianz Global Investors US LLC (AGI), after exhausting efforts to secure relief from AGI's SEC-imposed advisory ban. The Fund's Board will announce the new adviser by the end of July 2022 and seek shareholder approval in early September 2022. AGI was barred due to violations of federal securities laws, with a waiver from the SEC valid until September 17, 2022. The Fund focuses on long-term capital appreciation through investments in equity securities on the Taiwan Stock Exchange.