The Taiwan Fund, Inc. Announces Net Asset Value Publication During Lunar New Year

The Taiwan Fund (TWN) has announced changes to its net asset value (NAV) calculation during the Lunar New Year period.

Rhea-AI Summary

The Taiwan Fund (TWN) has announced changes to its net asset value (NAV) calculation during the Lunar New Year period. From January 23 to January 31, 2025, the Fund will calculate its NAV based on portfolio holdings and prices as of January 22, 2025, which marks the last trading day on the Taiwan Stock Exchange (TSE) before the holiday.

The calculations will be adjusted for USD-TWD currency exchange rate fluctuations during this period. The TSE is scheduled to resume trading on February 3, 2025. The Fund operates as a diversified closed-end investment company focused on long-term capital appreciation through investments in TSE-listed equity securities. TWN shares are traded on the New York Stock Exchange.

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BOSTON, Jan. 23, 2025 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) (the "Fund"), announced today that, due to the closing of the Taiwan market during the Lunar New Year, the Fund will begin to calculate its net asset value on January 23, 2025 and will continue to do so through January 31, 2025 based on its portfolio holdings and the prices thereof as at the close of trading on January 22, 2025, being the last trading date for the Taiwan Stock Exchange ("TSE") prior to the Lunar New Year, as adjusted for changes in the currency exchange rate between the U.S. dollar and the Taiwan dollar.  The TSE will re-open on February 3, 2025.

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

View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-net-asset-value-publication-during-lunar-new-year-302359061.html

SOURCE The Taiwan Fund, Inc.

FAQ

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When will the Taiwan Stock Exchange (TSE) reopen after the 2025 Lunar New Year?

The Taiwan Stock Exchange will reopen on February 3, 2025, following the Lunar New Year holiday closure.

How will TWN calculate its NAV during the 2025 Lunar New Year period?

TWN will calculate its NAV from January 23-31, 2025, based on portfolio holdings and prices as of January 22, 2025, adjusted for USD-TWD exchange rate changes.

What is the last trading day for TWN on the Taiwan Stock Exchange before the 2025 Lunar New Year?

The last trading day on the Taiwan Stock Exchange before the 2025 Lunar New Year is January 22, 2025.

What is the investment objective of The Taiwan Fund (TWN)?

TWN seeks long-term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange.