Taiwan Fund, Inc. Reports Significant Growth in Earnings
Taiwan Fund, Inc. Delivers Strong 3rd Quarter Earnings Report
The Taiwan Fund, Inc. (NYSE: TWN) is pleased to announce their latest financial achievements concerning the three-month period that concluded recently. The investment performance for this period highlights promising trends and growth in net asset value, reflecting the Fund's steady strategy of capital appreciation.
Growth in Net Asset Value
The Fund's latest report reveals a net asset value (NAV) per share of $46.82, marking a commendable increase from the previously reported $45.72. The rise of $1.10 per share highlights the Fund's consistent performance in the equity markets, especially those listed on the Taiwan Stock Exchange, an area the Fund targets for long-term gains.
Share Price Performance
On the New York Stock Exchange, shares were traded at $37.77, demonstrating a discount to net asset value of around 19.33%. While this represents an increase from the previous share price of $37.24, it provides an interesting insight into investor confidence and market conditions.
Investment Strategy and Impact
The Fund aims to generate long-term returns primarily through targeted investments in Taiwan-listed equity securities. For the nine-month evaluation period, the Fund experienced a decline in net asset value per share, which decreased by $6.96. This drop is attributed to substantial distributions to shareholders along with typical operational results and the ongoing Share Repurchase Program, designed to enhance shareholder value.
Total Returns and Index Comparisons
For the recent three-month period, the Fund reported a total return of 2.41%, which outperformed the TAIEX Total Return Index at 1.66%. This performance underscores the effectiveness of the Fund's investment approach in navigating the fluctuating markets.
Realized Gains and Investment Income
During the reported quarter, the Fund's net realized gains stood at an impressive $1,149,165 through investments and foreign currency transactions. Furthermore, an increase of $3,628,968 in net unrealized appreciation showcases the potential for ongoing growth.
Net Investment Income Details
The net investment income amounting to $290,622 over the same period illustrates the Fund's effectiveness in managing operational expenses while extracting optimal return from dividends and interest income.
Comprehensive Overview of Financial Performance
In evaluating the financial performance over the nine-month timeframe, the Fund showcased the ability to adapt and grow despite market pressures. By focusing on a diverse asset allocation strategy, the Fund continually seeks to align its portfolio with market trends that promise capital gains.
Long-term Outlook
The Taiwan Fund, Inc. remains committed to its long-term investment philosophy, aiming to leverage the potential of the Taiwan stock market to achieve higher returns for its shareholders. The strategic decisions, along with the robust operational framework, continue to establish a firm foundation for future growth.
Frequently Asked Questions
What kind of investment strategy does the Taiwan Fund utilize?
The Taiwan Fund primarily focuses on long-term capital appreciation through investments in equity securities listed on the Taiwan Stock Exchange.
How did the Taiwan Fund perform compared to the TAIEX Total Return Index?
In the latest quarter, the Taiwan Fund achieved a total return of 2.41%, surpassing the TAIEX Total Return Index's return of 1.66% for the same period.
What was the net asset value of the Fund in the latest report?
The Fund reported a net asset value per share of $46.82, reflecting an increase from previous valuations.
Who can I contact for more information about the Taiwan Fund?
For inquiries regarding the Taiwan Fund, including its operations and investment strategies, you can reach Brian F. Link, Secretary at 1-800-426-5523.
Is the Taiwan Fund traded on any stock exchange?
Yes, the Taiwan Fund is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'TWN.'
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