Lazard Asset Management (TWN) reports 16.3% stake — 923,807 shares

Rhea-AI Filing Summary

Taiwan Fund Inc/The ownership disclosure: Lazard Asset Management LLC reports beneficial ownership of 923,807 shares of the Fund, representing 16.3% of the equity class (CUSIP 874036106) as of 03/31/2026. The filing lists sole voting power and sole dispositive power over all 923,807 shares. The filing is signed by Kyle DiGangi on 05/15/2026.

Insights

Asset Management Analyst

Lazard reports a significant passive stake in Taiwan Fund Inc.

Lazard Asset Management LLC discloses ownership of 923,807 shares, equal to 16.3% of the class as of 03/31/2026. The filing shows sole voting and dispositive power for that full amount.

Stake size crosses common reporting thresholds; subsequent filings or amendments could clarify intent or any change in active influence. Timing: holdings are reported as of 03/31/2026.

Corporate Governance Specialist

Disclosure indicates centralized control of the reported position.

The Schedule 13G lists sole voting and sole dispositive power for 923,807 shares, which signals direct control over voting decisions for that stake. The CUSIP is 874036106.

Future filings may show whether this is passive or becomes an active position; no such qualifier appears in the provided excerpt.

Key Figures

Shares beneficially owned: 923,807 shares Percent of class: 16.3% CUSIP: 874036106 +4 more

7 metrics

Shares beneficially owned 923,807 shares Amount beneficially owned as of 03/31/2026

Percent of class 16.3% Percent of equity class as of 03/31/2026

CUSIP 874036106 Security identifier for the equity class reported

Sole voting power 923,807 shares Number of shares with sole voting power reported

Sole dispositive power 923,807 shares Number of shares with sole dispositive power reported

Reporting period 03/31/2026 As-of date for reported ownership

Signature date 05/15/2026 Date the filing was signed by the filer representative

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power

3 terms

Schedule 13G regulatory

"Item 2. | (a) | Name of person filing: Lazard Asset Management LLC"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. | Ownership (a) | Amount beneficially owned: 923,807"

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.

Sole dispositive power regulatory

"Item 4. | (iii) Sole power to dispose or to direct the disposition of: 923,807"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 03:58 PM Learn about SEC filing dates

FAQ

What stake does Lazard Asset Management report in Taiwan Fund Inc. (TWN)?

Lazard reports beneficial ownership of 923,807 shares, representing 16.3% of the equity class (CUSIP 874036106) as of 03/31/2026. The filing lists sole voting and dispositive power for those shares.

Who filed the Schedule 13G for Taiwan Fund Inc. (TWN)?

The Schedule 13G was filed by Lazard Asset Management LLC with an address at 30 Rockefeller Plaza, New York. The filing is signed by Kyle DiGangi, Managing Director, on 05/15/2026.

Does the filing indicate Lazard shares voting authority for the reported shares?

Yes. The filing states Lazard has sole voting power and sole dispositive power over all 923,807 shares reported as of 03/31/2026, with no shared powers listed.

What reporting period does the Schedule 13G cover for TWN?

The ownership is reported as of 03/31/2026. The signature date on the filing is 05/15/2026, which is the date the representative signed the disclosure.

What CUSIP is associated with the reported securities for Taiwan Fund Inc.?

The filing lists the CUSIP for the equity class as 874036106, associated with the reported 923,807 shares and the 16.3% ownership figure as of 03/31/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Taiwan Fund Inc/The/MD

(Name of Issuer)

Equity

(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

Lazard Asset Management LLC

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 923,807.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 923,807.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

923,807.00

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)

16.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Taiwan Fund Inc/The/MD
(b)	Address of issuer's principal executive offices: c/o NOMURA ASSET MANAGEMENT U.S.A. INC., WORLDWIDE PLAZA 309 WEST 49TH STREET, NEW YORK, US-NY, 10019-7316, US
Item 2.
(a)	Name of person filing: Lazard Asset Management LLC
(b)	Address or principal business office or, if none, residence: 30 Rockefeller Plaza, New York, 10112, NY, United States
(c)	Citizenship: NEW YORK
(d)	Title of class of securities: Equity
(e)	CUSIP Number(s): 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: 923,807
(b)	Percent of class: 16.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 923,807
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 923,807
	(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.
	Not Applicable
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.

Lazard Asset Management LLC

Signature:	Kyle DiGangi
Name/Title:	Managing Director, Global CCO & Counsel
Date:	05/15/2026