The Taiwan Fund, Inc. Announces 1st Quarter Earnings

Rhea-AI Summary

The Taiwan Fund (NYSE: TWN) has released its Q1 FY2025 earnings report for the period ended November 30, 2024. The Fund's net asset value decreased to $52.97 per share from $53.78, marking a -1.51% total return, slightly underperforming the TAIEX Total Return Index's -1.34% return in US$ terms.

The Fund's share price on NYSE declined to $42.63 from $44.73, with the discount to NAV widening from 16.83% to 19.52%. Financial highlights include net realized gains of $3,115,096 on investments and foreign currency transactions, while experiencing a $9,851,700 decrease in unrealized appreciation. The Fund reported a net investment loss of $27,963 for the quarter.

Total net assets stood at $347,890,875, down from $361,509,514 in the previous quarter. The Fund, which seeks long-term capital appreciation through investments in Taiwan Stock Exchange-listed equity securities, saw a net decrease in assets from operations of $6,764,566 ($1.03 per share).

News Market Reaction

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, TWN gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 www.thetaiwanfund.com or call 1-800-426-5523.

(End)

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

View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-1st-quarter-earnings-302352264.html

SOURCE The Taiwan Fund, Inc.

FAQ

What was TWN's performance in Q1 FY2025 compared to the TAIEX index?

TWN reported a -1.51% total return for Q1 FY2025, slightly underperforming the TAIEX Total Return Index which returned -1.34% in US$ terms.

How much did TWN's NAV decrease in Q1 2025?

TWN's net asset value decreased by $0.81 per share, from $53.78 on August 31, 2024, to $52.97 on November 30, 2024.

What was TWN's discount to NAV as of November 30, 2024?

TWN's discount to net asset value increased to 19.52% on November 30, 2024, from 16.83% on August 31, 2024.

How much were TWN's net realized gains for Q1 FY2025?

TWN reported net realized gains of $3,115,096 on investments and foreign currency transactions for the quarter ended November 30, 2024.

What was TWN's total net assets value as of November 30, 2024?

TWN's total net assets were $347,890,875 as of November 30, 2024, down from $361,509,514 reported on August 31, 2024.

How much was TWN's net investment loss in Q1 FY2025?

TWN reported a net investment loss of $27,963 for the quarter ended November 30, 2024.