City of London Investment Management Company Limited reports beneficial ownership of 2,240,059 shares (39.6%) of Taiwan Fund Inc. The holdings are owned directly by City of London Funds and certain segregated accounts for which CLIM exercises voting and dispositive power. One segregated account is known to hold >5% voting or dividend rights.
Positive
None.
Negative
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Insights
Large passive stake disclosed by a UK-based fund manager.
City of London Investment Management Company Limited reports 2,240,059 shares, representing 39.6% of Taiwan Fund Inc's common stock as stated in the filing. The filing attributes ownership to City of London Funds and Segregated Accounts.
Disclosure notes an effective informational barrier with CLIG and identifies one Segregated Account as having the right to receive dividends or sale proceeds exceeding 5%. Subsequent filings may clarify whether the stake is passive or intends active engagement.
Amendment clarifies ownership and voting/dispositive powers under Schedule 13G/A.
The Schedule 13G/A (Amendment No. 10) lists sole voting and dispositive power of 2,240,059 shares. The filing cites SEC Release No. 34-39538 and states informational barriers between CLIM and its listed parent.
Signatory is the US Chief Compliance Officer, dated 05/15/2026, which anchors the certification of the amended disclosure.
Key Figures
Amount beneficially owned:2,240,059 sharesPercent of class:39.6%CUSIP:874036106+3 more
6 metrics
Amount beneficially owned2,240,059 sharesAmount beneficially owned reported in Item 4
Percent of class39.6%Percent of class reported in Item 4
CUSIP874036106 Taiwan Fund Inc common stock CUSIP
Sole voting power2,240,059.00 sharesSole power to vote as reported in Item 4(c)(i)
Filing signature date05/15/2026Signature date on the amendment
Amendment numberAmendment No. 10Cover heading of the Schedule 13G/A
"This statement is being filed by City of London Investment Management Company Limited"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownershipregulatory
"Amount beneficially owned: 2,240,059.00"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Segregated Accountsfinancial
"and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 10)
Taiwan Fund Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
874036106
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
874036106
1
Names of Reporting Persons
City of London Investment Management Company Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,240,059.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,240,059.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,059.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
39.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Taiwan Fund Inc
(b)
Address of issuer's principal executive offices:
One Lincoln Street, Boston, MA 02111
Item 2.
(a)
Name of person filing:
This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG.
CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including Emerging (BMI) Markets Country Fund ("BMI"), a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund ("CF"), a private investment fund organized as a Delaware business trust, Emerging Markets Global Fund ("CG"), a private investment fund organized as a Delaware business trust, Emerging Markets Investable Fund ("CI"), a private investment fund organized as a Delaware business trust, Emerging Markets Ex-China Equity Fund ("EMX"), a private investment fund organized as a Delaware business trust, Global Emerging Markets Fund ("EUREKA"), a private investment fund organized as a Delaware business trust, The Emerging World Fund ("EWF"), a Dublin, Ireland-listed open-ended investment company, Emerging (Free) Markets Country Fund ("FREE"), a private investment fund organized as a Delaware business trust, Emerging Markets Country Fund ("GBL"), a private investment fund organized as a Delaware business trust, The EM Special Situations CEF Focused Fund ("UNIQUE"), a private investment fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts").
BMI, CF, CG, CI, EMX, EUREKA, EWF, FREE, GBL and UNIQUE are collectively referred to herein as the "City of London Funds."
The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)
Address or principal business office or, if none, residence:
77 Gracechurch Street
London EC3V 0AS
England
(c)
Citizenship:
England and Wales
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
874036106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2,240,059.00
(b)
Percent of class:
39.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,240,059.00
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2,240,059.00
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
One of the Segregated Accounts is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of the Shares reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
City of London Investment Management Company Limited
What stake does City of London hold in Taiwan Fund Inc (TWN)?
City of London reports beneficial ownership of 2,240,059 shares, equal to 39.6% of common stock. The filing identifies sole voting and dispositive power over those shares and attributes ownership to City of London Funds and Segregated Accounts.
Who filed the Schedule 13G/A for TWN and when was it signed?
The Schedule 13G/A was filed by City of London Investment Management Company Limited and signed by Catrina Reagan, US Chief Compliance Officer. The certification signature date shown is 05/15/2026 on Amendment No. 10.
Are the reported shares held directly or on behalf of others?
The filing states the shares are owned directly by the City of London Funds and certain Segregated Accounts. It notes one Segregated Account is known to have rights to dividends or sale proceeds exceeding 5 of the reported shares.
Does the filing indicate control links to City of London Investment Group plc?
The filing notes CLIM is controlled by City of London Investment Group plc but cites SEC Release No. 34-39538, stating informational barriers exist so CLIM exercises voting and investment power independently of the listed parent.
