BOSTON, June 14,
2023 /PRNewswire/ -- The Board of Directors (the
"Board") of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today
announced that its previously communicated share repurchase program
( the "Program"), under which the Fund will repurchase in each
twelve month period ended August 31
up to 10% of its common stock outstanding as of the close of
business on August 31 the prior year,
has commenced. Such purchases will be made opportunistically
at certain discounts to net asset value per share in the reasonable
judgment of management based on historical discount levels and
current market conditions. The Fund will repurchase shares in
accordance with procedures approved by the Board. These repurchases
may be commenced or suspended at any time or from time to time
without any notice.
The Fund will report repurchase activity on the Fund's website
on a weekly basis.
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
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.
Brian F. Link, Secretary
SOURCE The Taiwan Fund, Inc.