NEW YORK, Jan. 20, 2022 /PRNewswire/ -- The Taiwan
Fund, Inc. (the "Fund") (NYSE: TWN) announced today details
regarding its investment performance for the three month period
ended November 30, 2021.
The Fund reported a net asset value per share of $45.66 as of the close of business on
November 30, 2021. This represents an
increase of $2.83 per share from the
net asset value per share of $42.83
reported on August 31, 2021. The Fund
had a total return of 6.63% for the three months ended November 30, 2021 based on the change in its net
asset value. For the same period the TAIEX Total Return Index
returned -0.35% (in US$ terms).
The Fund's share price, as traded on the New York Stock Exchange
on November 30, 2021, was
$37.52, representing an increase of
$1.69 per share from the share price
of $35.83 on August 31, 2021. The Fund's discount to net asset
value per share remained relatively constant moving from 16.34% on
August 31, 2021 to 17.83% on
November 30, 2021.
For the three month period ended November
30, 2021, the Fund had net realized gains of $1,771,279 on investments and foreign currency
transactions and an increase in net unrealized appreciation of
$19,863,189 on investments and
foreign currency transactions. The Fund's net investment loss
(consisting of dividend and interest income less operating
expenses) for the same period was $560,801.
|
Quarter
Ended
November
30,
2021
|
Year Ended
August 31,
2021
|
Quarter
Ended
November
30,
2020
|
|
|
|
|
|
Total Net
Assets
|
$
340,988,935
|
$
319,915,268
|
$
235,289,653
|
|
|
|
|
|
Gross Investment
Income
Per Share
|
$539,699
$0.07
|
$
3,981,386
|
$494,721
$0.07
|
|
|
|
|
|
Net Investment Income
(Loss)
Per Share
|
$
(560,801)
$(0.07)
|
$ 302,754
|
$ (64,324)
$(0.01)
|
|
|
|
|
|
Net Realized Gain
(Loss) on
Investments and Foreign
Currency Transactions
|
$
1,771,279
|
$
91,644,682
|
$
5,809,570
|
|
|
|
|
|
Change in Net
Unrealized
Appreciation (Depreciation) on
Investments and Foreign
Currency Translations
|
19,863,189
|
$
37,682,435
|
$
14,588,248
|
|
|
|
|
|
Total Realized and
Unrealized
Gain (Loss) on Investments
Per Share
|
$
21,634,468
$2.90
|
$
129,327,117
|
$
20,397,818
$2.73
|
|
|
|
|
|
Net Increase
(Decrease) in Net
Assets Resulting from
Operations
Per Share
|
$
21,073,668
$2.83
|
$
129,629,871
|
$
20,333,494
$2.72
|
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.
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SOURCE The Taiwan Fund, Inc.