NEW YORK, July 15 /PRNewswire-FirstCall/ -- The Taiwan
Fund, Inc. (NYSE: TWN) announced today details regarding its
investment performance for the three-month period ended
May 31, 2010.
The Fund reported a net asset value per share of $14.88 as of the close of business on
May 28, 2010. This represents a
decrease of $0.15 per share from the
net asset value per share of $15.03
reported on February 26, 2010.
The Fund's share price, as traded on the New York Stock
Exchange on May 28, 2010, was
$12.78. This represents a
decrease of $0.44 per share from the
share price of $13.22 on February 26, 2010. The Fund had a total
return of -1.00% for the three months ended May 31, 2010 based on the change in its net asset
value. For the same period, the Taiwan Stock Exchange Index
(TAIEX) had a total return of -0.51% (in US$ terms).
For the nine-month period ended May 31,
2010, the Fund's net asset value per share increased
$1.04 per share from the net asset
value per share of $13.84 reported on
August 31, 2009. For the
nine-month period ended May 31, 2010,
the share price, as traded on the New York Stock Exchange,
increased $0.64 per share from the
share price of $12.14 reported on
August 31, 2009. The Fund had a
total return of 8.03% for the nine-month period ended May 31, 2010 based on the change of its net asset
value. The TAIEX for the same period had a total return of
11.31% (in US$ terms).
For the three-month period ended May 31,
2010, the Fund had net realized gains of $14,236,572 on investment transactions and a
change in net unrealized loss of $15,976,621 on investments held. The Fund's
net investment loss (consisting of dividend and interest income
less operating expenses) for the same period was $985,683.
The Taiwan Fund, Inc. 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, please call 1-877-864-5056, or visit the Fund's website
at www.thetaiwanfund.com.
|
Quarter Ended
|
Nine Months
|
|
Quarter Ended
|
Nine Months
|
|
|
May 31,
|
Ended May 31,
|
|
May 31,
|
Ended May 31,
|
|
|
2010
|
2010
|
|
2009
|
2009
|
|
|
|
|
|
|
|
|
|
Total Net Assets
|
276,367,775
|
276,367,775
|
|
248,146,162
|
248,146,162
|
|
|
|
|
|
|
|
|
|
Gross Investment
Income
|
4,833
|
269,904
|
|
383,651
|
2,066,638
|
|
|
Per Share
|
$
0.00
|
$
0.01
|
|
$
0.02
|
$
0.11
|
|
|
|
|
|
|
|
|
|
Net Investment
Income/Loss
|
(985,683)
|
(2,676,335)
|
|
(351,106)
|
(658,730)
|
|
|
Per Share
|
$
(0.05)
|
$
(0.14)
|
|
$
(0.02)
|
$
(0.04)
|
|
|
|
|
|
|
|
|
|
Net Realized
Gain/Loss
|
14,236,572
|
27,210,258
|
|
(12,804,534)
|
(85,734,708)
|
|
|
on Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in Net
Unrealized
|
(15,976,621)
|
(3,917,941)
|
|
81,287,827
|
45,873,390
|
|
|
Gain/Loss on
Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Realized and
Unrealized
|
|
|
|
|
|
|
|
Gain/Loss on
Investments
|
(1,740,049)
|
23,292,317
|
|
68,483,293
|
(39,861,318)
|
|
|
Per Share
|
$
(0.09)
|
$
1.25
|
|
$
3.69
|
$
(2.15)
|
|
|
|
|
|
|
|
|
|
Net Increase/Decrease in
Net
|
|
|
|
|
|
|
|
Assets Resulting from
Operations
|
(2,725,732)
|
20,615,982
|
|
68,132,187
|
(40,520,048)
|
|
|
Per Share
|
$
(0.15)
|
$
1.11
|
|
$
3.67
|
$
(2.18)
|
|
|
|
|
|
|
|
SOURCE The Taiwan Fund, Inc.