Taiwan Fund, Inc. Shares Financial Insights for the Latest Quarter
The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) has recently unveiled important details about its investment performance during the most recent three-month period. The focus of this report is to provide shareholders and interested parties with a clear understanding of the Fund's financial standing and operational outcomes.
Net Asset Value and Share Price Update
As of the end of the reporting period, the Fund reported a net asset value per share of $52.97. This indicates a drop of $0.81 from the previously reported value of $53.78. It's worth noting that the Fund experienced a total return of -1.51%, in contrast to the TAIEX Total Return Index, which recorded a slightly better return of -1.34%.
Detailed Breakdown of Financial Performance
The Fund's trading shares on the New York Stock Exchange closed at $42.63, reflecting a decline of $2.10 from its earlier share price of $44.73. This shift also increased the discount to net asset value per share from 16.83% to 19.52%.
In terms of financial achievements, the Fund reported net realized gains of $3,115,096 from investments and foreign currency transactions for the quarter. However, it also faced a decrease in net unrealized appreciation amounting to $9,851,700, indicating fluctuating market conditions affecting its portfolio.
Key Financial Figures for the Quarter
During this quarter, the net investment loss was recorded at $27,963, which reflects the Fund's operational expenses in relation to its income from dividends and securities lending. The following table encapsulates the crucial financial metrics:
Financial Data Overview
Here is a summary of significant financial performance indicators for the quarter:
- Total Net Assets: $347,890,875
- Gross Investment Income Per Share: $0.12
- Net Investment Income (Loss) Per Share: ($0.00)
- Net Realized Gain (Loss) on Investments: $3,115,096
- Net Unrealized Appreciation (Depreciation) on Investments: ($9,851,700)
- Total Increase (Decrease) in Net Assets Resulting from Operations: ($6,764,566) Per Share: ($1.03)
Investment Strategy and Future Prospects
The Fund operates as a diversified closed-end investment company, predominantly aiming for substantial capital growth through strategic investments in equity securities that are listed on the Taiwan Stock Exchange. This focused approach aims to maximize shareholder value over the long term.
Given the current economic climate and market fluctuations, the management will continue to monitor and adapt its investment strategy to enhance performance and safeguard investor interests.
Contact and Further Information
For more comprehensive details on the Fund's portfolio and investment strategies, shareholders are encouraged to visit the Fund's official website or reach out through the provided contact information. Here are the relevant contact details:
Contact Person: Brian F. Link, Secretary
Phone: 1-800-426-5523
The Taiwan Fund, Inc. remains committed to providing transparency and detailed financial insights to its shareholders as part of its ongoing dedication to investment excellence.
Frequently Asked Questions
What is the net asset value per share for the Fund?
The net asset value per share reported is $52.97 as of the latest reporting period.
What were the total realized gains for the quarter?
The Fund achieved net realized gains amounting to $3,115,096 from both investments and foreign currency transactions.
How has the Fund's share price changed recently?
The Fund's share price was $42.63 at the close of the reporting period, down by $2.10 since the previous reporting date.
How does the Fund's return compare to the TAIEX Total Return Index?
The Fund's total return was -1.51%, while the TAIEX Total Return Index returned -1.34% during the same period.
What is the primary investment strategy of the Fund?
The Fund focuses on long-term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange.
