SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
7/13/2022
1. NAME OF REPORTING PERSON
Bulldog Investors, LLP
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IA
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IN
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IN
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #1 to the schedule 13d
filed July 6, 2022. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 4. PURPOSE OF TRANSACTION
See exhibit A. Letter to the Board of Directors.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
c) Since the last filing on July 6, 2022 no shares of TWN were traded.
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A
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.
Dated: 7/13/2022
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
Bulldog Investors, LLP
By: /s/ Andrew Dakos
Andrew Dakos, Partner
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
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Exhibit A:
Bulldog Investors, LLP , 250 Pehle Avenue, Suite 708,
Saddle Brook, NJ 07663
(201) 881-7111 // Fax: (201) 556-0097 //
pgoldstein@bulldoginvestors.com
July 13, 2022
The Board of Directors
The Taiwan Fund, Inc.
c/o State Street Bank & Trust Company
One Lincoln Street
P.O. Box 5049
Boston, MA 02110.
Dear Board Members:
Our clients own about 325,000 shares of The Taiwan Fund.
According to a press release issued on July 8, 2022, "The Board expects
to announce the replacement adviser selected by the Board by the end of
July 2022 and to seek stockholder approval of the new adviser at a
special meeting of stockholders to be held early in September 2022."
The Fund's shares currently trade at a discount of about 16%. We believe
that it connection with a change of advisers, the Board should consider
affording stockholders an opportunity to monetize a portion of their
shares at a price close to net asset value via a self-tender offer.
We would like to have a discussion with a representative of the Board as
to how to strike a balance between the desire of those shareholders that
would like to sell some of their shares at a price higher than the
market price and those that want the Fund to continue as a viable
long-term vehicle for investing in Taiwan. If the proper balance can be
achieved, it should be relatively easy and inexpensive to get
stockholder approval for a new advisory agreement. Please let us know
if such a discussion can be arranged. Thank you.
Sincerely yours,
/S/ Phillip Goldstein
Phillip Goldstein
Managing Partner
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