The Taiwan Fund, Inc. Declares Distributions

Rhea-AI Summary

The Taiwan Fund (NYSE: TWN) has announced a long-term capital gain distribution of $7.3984 per share, payable on January 10, 2025, to stockholders of record on December 27, 2024. The ex-dividend date is set for December 27, 2024.

The Fund offers a Dividend Reinvestment and Cash Purchase Plan where participants receive shares valued at the greater of net asset value or 95% of market price when trading at a premium, or at market price when trading at a discount. The Fund is a diversified closed-end investment company focused on long-term capital appreciation through investments in Taiwan Stock Exchange-listed equity securities.

Positive

• Substantial capital gain distribution of $7.3984 per share
• Flexible Dividend Reinvestment Plan offering shares at favorable terms

Negative

• None.

News Market Reaction

+1.37%

1 alert

+1.37% News Effect

On the day this news was published, TWN gained 1.37%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Dec. 13, 2024 /PRNewswire/ -- The Board of Directors of The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund") has declared a long term capital gain distribution in the amount of  $7.3984 per share. The distribution will be payable on January 10, 2025 to stockholders of record on December 27, 2024 with an ex-dividend date of December 27, 2024.

The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all stockholders.  If the Fund's shares trade at a premium to the net asset value of the Fund, Plan participants will receive shares of the Fund valued at the greater of the net asset value or 95% of the market price.  If the Fund is trading at a discount, Plan participants will receive shares of the Fund valued at market price per share.  All stockholders may elect to participate in the Plan or may withdraw at any time within the limitations described in the Plan.

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-declares-distributions-302331257.html

SOURCE The Taiwan Fund, Inc.

FAQ

When is The Taiwan Fund (TWN) capital gain distribution payable?

The Taiwan Fund's capital gain distribution is payable on January 10, 2025.

How much is The Taiwan Fund's (TWN) capital gain distribution per share?

The Taiwan Fund declared a capital gain distribution of $7.3984 per share.

What is the ex-dividend date for TWN's capital gain distribution?

The ex-dividend date is December 27, 2024.

How does The Taiwan Fund's (TWN) Dividend Reinvestment Plan work?

Under the Plan, participants receive shares at the greater of net asset value or 95% of market price when trading at a premium, or at market price when trading at a discount.

What is the record date for TWN's capital gain distribution?

The record date for stockholders is December 27, 2024.