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.
Taiwan Fund Inc (TWN) provides investors with focused exposure to Taiwanese equity markets through its closed-end investment structure. This news hub delivers timely updates on portfolio developments, regulatory filings, and market insights critical for informed analysis.
Access consolidated coverage of earnings announcements, strategic investments, and governance updates alongside expert perspectives on Taiwan’s evolving financial landscape. Our repository ensures efficient tracking of factors influencing long-term capital appreciation strategies.
Key updates include quarterly performance reports, dividend declarations, portfolio rebalancing actions, and regulatory disclosures. Content is curated to meet the needs of both active traders monitoring short-term movements and long-term investors assessing market positioning.
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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.
On May 17, 2022, Allianz Global Investors U.S. LLC (AGI US) pled guilty to securities fraud in the U.S. District Court for the Southern District of New York. The U.S. SEC also imposed a cease-and-desist order against AGI US for violations linked to a discontinued offering of private funds. The SEC granted a temporary exemption to allow AGI US to remain an adviser to closed-end investment funds for four months, covering transition costs. The Taiwan Fund, Inc. (TWN) is now assessing options for a replacement adviser, pending stockholder approval.
The Taiwan Fund, Inc. (NYSE: TWN) has announced a total distribution of $2.9227 per share, effective January 10, 2022, for stockholders recorded as of December 28, 2021. This includes $2.4447 in long-term capital gains and $0.4780 in net investment income. The distribution comes with an ex-dividend date of December 27, 2021. The Fund offers a Dividend Reinvestment and Cash Purchase Plan, allowing stockholders to acquire additional shares based on market conditions. The Taiwan Fund focuses on long-term capital appreciation through investments primarily in Taiwanese equity securities.
The Taiwan Fund, Inc. (NYSE: TWN) announced capital gain and net investment income distributions totaling $2.9227 per share. This includes long-term capital gains of $2.4447 and net investment income of $0.4780 per share. The distribution is payable on January 10, 2022, to stockholders of record as of December 28, 2021, with an ex-dividend date of December 27, 2021. The Fund offers a Dividend Reinvestment and Cash Purchase Plan for stockholders wishing to participate.
The Taiwan Fund, Inc. (NYSE: TWN) reported a net asset value per share of $37.00 as of May 28, 2021, marking an increase from $33.09 as of February 26, 2021. The Fund's share price was $31.55, with a discount of 14.73% to the net asset value. The Fund delivered a total return of 11.82% over the three months and 42.63% over nine months. Notably, net realized gains on investments totaled $16.52 million. However, net investment loss was $(620,273) for the quarter.
The Taiwan Fund, Inc. (NYSE: TWN) announced a total distribution of $3.3122 per share, including long-term capital gains of $0.6156 and short-term capital gains of $2.3207. Additionally, it will distribute $0.3759 per share as net investment income. The distribution is payable on January 8, 2021, to stockholders of record as of December 29, 2020, with an ex-dividend date of December 28, 2020. The Fund offers a Dividend Reinvestment and Cash Purchase Plan for stockholders.
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