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

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.

Rhea-AI Summary

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.

Positive

• The Fund is actively managing its NAV calculation during the market closure, indicating proactive management.
• Focus on long-term capital appreciation aligns with investor interests.

Negative

• None.

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BOSTON, Jan. 20, 2023 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) (the "Fund"), announced today that, due to the closing of the Taiwan market during the Chinese New Year, the Fund began to calculate its net asset value on January 18, 2023 and will continue to do so through January 29, 2023 based on its portfolio holdings and the prices thereof as at the close of trading on January 17, 2023, being the last trading date for the Taiwan Stock Exchange ("TSE") prior to the Chinese 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 January 30, 2023.

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.

View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-net-asset-value-publication-during-chinese-new-year-301727159.html

SOURCE The Taiwan Fund, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the Taiwan Fund, Inc. net asset value calculation schedule for January 2023?

The Taiwan Fund, Inc. will calculate its net asset value from January 18 to January 29, 2023.

Why is the Taiwan Stock Exchange closed during the Chinese New Year?

The Taiwan Stock Exchange closes for the Chinese New Year festivities.

When will the Taiwan Stock Exchange re-open?

The Taiwan Stock Exchange will re-open on January 30, 2023.

What is the focus of The Taiwan Fund, Inc.?

The Taiwan Fund focuses on long-term capital appreciation primarily through equity investments.

Where can I find more information about The Taiwan Fund, Inc.?

More information can be found on the Fund's website at www.thetaiwanfund.com.