BOSTON, April 7, 2020 /PRNewswire/ -- The Board of
Directors of the Taiwan Fund, Inc. (NYSE: TWN) (the "Fund")
announced today that it will continue the temporary suspension of
repurchases under the Fund's Discount Management Program.
The Fund's Board of Directors noted that the impact of the
COVID-19 pandemic on global economies and stock markets was
creating excessive volatility in stock prices. Under such
conditions, the Board determined that continued repurchases under
the Discount Management Program was not in the best interests of
the Fund or its stockholders. The Board will continue to monitor
the situation and look to reinstate repurchases under the Program
as soon as it is in the best interests of the Fund and its
stockholders to do so.
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
symbol "TWN."
For additional information on the Fund, including information on
the Fund's holdings, visit the Fund's website at
www.thetaiwanfund.com or call 1-877-217-9502.
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SOURCE The Taiwan Fund, Inc.