Taiwan Fund, Inc. Posts Third Quarter Financial Highlights
Taiwan Fund, Inc. Financial Overview
The Taiwan Fund, Inc. (the "Fund") has shared its financial results for the recent quarter. Despite market challenges, the Fund reported a solid performance for the three-month period ending in late May.
Performance Metrics
As of the close of business in May, the Fund's net asset value (NAV) per share stood at $46.82, reflecting a positive shift from $45.72 at the end of February. This figure showcases the Fund's ability to navigate market volatility effectively.
Market Prices and Discounts
On the New York Stock Exchange in May, the trading price for the Fund was marked at $37.77, which represents a notable discount of 19.33% from the NAV. However, this is an improvement from the previous discount noted in February when shares reached $37.24.
Total Returns and Index Performance
The total return for the Fund during the recent three-month window was reported at 2.41%, surpassing the TAIEX Total Return Index, which yielded a return of 1.66% in U.S. dollar terms for the same period.
Year-to-Date Analysis
During the nine months leading up to late May, the Fund experienced a decrease in NAV per share by $6.96, attributed to operational outcomes and distributions made to shareholders. The share price on the exchange similarly decreased by the same amount compared to previous valuations.
Investment Gains and Income Reports
In terms of realized gains, the Fund reported earnings of $1,149,165 from investments and currency transactions, coupled with an unrealized appreciation amounting to $3,628,968.
Revenue and Expenses
The Fund's net investment income—which accounts for dividends and interest after operating expenses—was reported at $290,622 for the latest quarter.
Future Outlook
The Taiwan Fund, Inc. remains a diversified closed-end investment company focusing on long-term capital appreciation via equity securities primarily within the Taiwanese market. The continued growth and resilience shown position the Fund well for future opportunities.
Company Contact Information
For interest in additional details regarding the Fund's holdings or investment strategies, stakeholders and interested parties can reach out via telephone at 1-800-426-5523.
Frequently Asked Questions
1. What were the total returns for Taiwan Fund, Inc. in the recent quarter?
The total return was 2.41% for the three months ended in late May.
2. How did the Fund's NAV change during the quarter?
The NAV increased from $45.72 to $46.82 during the quarter.
3. Can you explain the underlying reasons for the NAV's decrease over nine months?
The decrease was primarily due to operational results and a shareholder distribution totaling $7.40 per share.
4. What are the main investment strategies for the Taiwan Fund?
The Fund focuses on long-term capital appreciation through investments in Taiwanese equity securities.
5. How can investors obtain more information on the Fund?
Investors can contact the Fund directly at 1-800-426-5523 or visit the website for further details.
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