NEW YORK, July 18, 2022 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended May 31, 2022.

The Fund reported a net asset value per share of $35.18 as of the close of business on May 31, 2022. This represents a decrease of $5.18 per share from the net asset value per share of $40.36 reported on Feb 28, 2022. The Fund's share price, as traded on the New York Stock Exchange on May 31, 2022, was $28.34, representing a discount to net asset value of 19.44%. This represents a decrease of $5.49 per share from the share price of $33.83 on February 28, 2022, which represented a discount to net asset value of 16.18%. The Fund had a total return of -12.83% for the three months ended May 31, 2022 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned -7.79% (in US$ terms).

For the nine month period ended May 31, 2022, the Fund's net asset value per share decreased $7.65 per share from the net asset value per share of $42.83 reported on August 31, 2021.  For the nine month period ended May 31, 2022, the share price, as traded on the NYSE, decreased $7.49 per share from the share price of $35.83 reported on August 31, 2021.  The Fund had a total return of -11.23% for the nine month period ended May 31, 2022 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned -7.65% (in US$ terms).

For the three month period ended May 31, 2022, the Fund had net realized loss of $16,177,574 on investments and foreign currency transactions and an decrease in net unrealized appreciation of $22,848,882 on investments and foreign currency transactions. The Fund's net investment income (consisting of dividend and interest income less operating expenses) for the same period was $307,749.


Quarter Ended

Nine Months Ended


Quarter Ended

Nine Months Ended


May 31,

 May 31,


May 31,

 May 31,


2022

2022


2021

2021







Total Net Assets

$262,803,553

$262,803,553


$276,327,832

$276,327,832







Gross Investment Income

$513,698

$1,634,027


$361,700

$1,310,785

Per Share

$0.07

$0.22


$0.05

$0.18







Net Investment Income (Loss)

$307,749

$(430,324)


$(620,273)

$(804,802)

Per Share

$0.04

$(0.06)


$(0.08)

$(0.11)







Net Realized Gain (Loss) on Investments






 and Foreign Currency Transactions

$(16,177,574)

$(3,569,938)


$16,522,829

$43,694,624







Change in Net Unrealized






Appreciation (Depreciation) on Investments

$(22,848,882)

$(31,319,627)


$13,090,266

$43,152,613

and Foreign Currency Translations












Total Realized and Unrealized






Gain (Loss) on Investments

$(39,026,455)

$(34,889,564)


$29,613,094

$86,847,237

Per Share

$(5.22)

$(4.67)


$3.96

$11.63







Net Increase (Decrease) in Net






Assets Resulting from Operations

$(38,718,707)

$(35,319,888)


$28,992,882

$86,042,435

Per Share

$(5.18)

$(4.73)


$3.88

$11.52

*****

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.     

Cision View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-3rd-quarter-earnings-301588575.html

SOURCE The Taiwan Fund, Inc.

Copyright 2022 PR Newswire

Taiwan (NYSE:TWN)
Historical Stock Chart
Von Nov 2022 bis Dez 2022 Click Here for more Taiwan Charts.
Taiwan (NYSE:TWN)
Historical Stock Chart
Von Dez 2021 bis Dez 2022 Click Here for more Taiwan Charts.