Taiwan Fund Introduces New Tender Offer Policy for Investors
Introducing a New Conditional Tender Offer Policy
The Taiwan Fund, Inc. (NYSE: TWN) has announced the adoption of a new conditional tender offer policy aimed at enhancing value for its shareholders. The Fund's Board of Directors made this decision amidst a backdrop of evolving market conditions and shareholder needs.
Details of the Conditional Tender Offer
Under the new policy, the Fund is prepared to initiate a tender offer to repurchase up to 25% of its outstanding shares. This offer will be executed at 98% of the net asset value (NAV), contingent upon the performance of the Fund's NAV exceeding that of its benchmark, the TAIEX Total Return Index, over a five-year span concluding on December 31, 2030.
Rationale Behind the New Policy
The Board believes that this strategic decision to implement the tender offer policy will serve the best interests of all stockholders. Should the Fund outperform its benchmark, investors will see enhanced returns; if not, the tender offer aims to provide direct liquidity, ensuring stockholders have access to funds as needed.
About The Taiwan Fund, Inc.
The Taiwan Fund is a diversified closed-end investment company focused on achieving long-term capital appreciation. Its investment strategy primarily involves acquiring equity securities listed on the Taiwan Stock Exchange. The Fund, identified by its ticker symbol TWN, is actively monitored for performance and seeks to deliver value to its investors.
Contact Information
For those looking for further details regarding the Fund's holdings and investment strategies, more can be learned through its official website or by contacting the dedicated team. Investors can reach out for assistance and inquiries by calling 1-877-217-9502.
Frequently Asked Questions
What is the new tender offer policy introduced by the Taiwan Fund?
The Taiwan Fund has introduced a policy allowing for a tender offer to buy back up to 25% of its shares based on its NAV performance compared to a benchmark.
When is the current conditional offer policy set to expire?
The existing conditional offer policy is slated to expire on December 31, 2025.
How will shareholders benefit from the new policy?
Shareholders will benefit either through increased returns if the Fund outperforms the benchmark or through a tender offer providing liquidity.
What is the main investment focus of the Taiwan Fund?
The Fund primarily focuses on long-term capital appreciation via investments in equity securities listed on the Taiwan Stock Exchange.
Where can I find more information about the Taiwan Fund?
More information regarding the Fund’s investments and performance can be found on their official website or by reaching out directly.
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