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The Taiwan Fund, Inc. Announces Commencement of Share Repurchase Program

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The Taiwan Fund, Inc. has announced the commencement of its share repurchase program. The program allows the Fund to repurchase up to 10% of its common stock outstanding annually. The repurchases will be made at certain discounts to net asset value per share. The Fund will report repurchase activity on its website weekly.
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BOSTON, June 14, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today announced that its previously communicated share repurchase program ( the "Program"), under which the Fund will repurchase in each twelve month period ended August 31 up to 10% of its common stock outstanding as of the close of business on August 31 the prior year, has commenced.  Such purchases will be made opportunistically at certain discounts to net asset value per share in the reasonable judgment of management based on historical discount levels and current market conditions. The Fund will repurchase shares in accordance with procedures approved by the Board. These repurchases may be commenced or suspended at any time or from time to time without any notice.

The Fund will report repurchase activity on the Fund's website on a weekly basis.

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
800-426-5523
www.thetaiwanfund.com

 

Cision View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-commencement-of-share-repurchase-program-301850876.html

SOURCE The Taiwan Fund, Inc.

FAQ

What is the share repurchase program announced by The Taiwan Fund, Inc.?

The share repurchase program allows the Fund to repurchase up to 10% of its common stock outstanding annually.

How will the repurchases be made?

The repurchases will be made at certain discounts to net asset value per share.

How often will the Fund report repurchase activity?

The Fund will report repurchase activity on its website weekly.

What is the ticker symbol for The Taiwan Fund, Inc.?

The ticker symbol for The Taiwan Fund, Inc. is TWN.

Taiwan Fund, Inc.

NYSE:TWN

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