NEW YORK, Jan. 14, 2011 /PRNewswire/ -- The Taiwan Fund,
Inc. (the "Fund") (NYSE: TWN) announced today details regarding its
investment performance for the three month period ended
November 30, 2010.
The Fund reported a net asset value per share of $18.90 as of the close of business on
November 30, 2010. This
represents an increase of $2.57 per
share from the net asset value per share of $16.33 reported on August
31, 2010. The Fund's share price as traded on the New
York Stock Exchange on November 30,
2010 was $16.88, representing
a discount to net asset value of 10.69%. This represents an
increase of $2.21 per share from the
share price of $14.67 on August 31, 2010, which represented a discount to
net asset value of 10.17%. The Fund had a total return of
15.74% for the three months ended November
30, 2010, based on the change in its net asset value.
For the same period the Taiwan Stock Exchange Index, a price
index and not a total return index, returned 15.52% (in US$
terms).
For the three month period ended November
30, 2010, the Fund had net realized gains of $18,654,937 on investment transactions and a
change in net unrealized gains of $29,764,670 on investments held. The Fund's
net investment loss (consisting of dividend and interest income
less operating expenses) for the same period was $777,228.
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, please visit
the Fund's website at www.thetaiwanfund.com or call
1-877-864-5056.
|
|
|
Quarter
Ended
November
30,
2010
|
Year
Ended
August
31,
2010
|
Quarter
Ended
November
30,
2009
|
|
|
|
|
|
|
Total Net
Assets
|
$351,054,740
|
$303,412,360
|
$287,292,332
|
|
|
|
|
|
|
Gross
Investment Income
Per
Share
|
$493,976
$0.03
|
$9,113,313
|
$111,512
$0.01
|
|
|
|
|
|
|
Net
Investment Income (Loss)
Per
Share
|
$(777,228)
$(0.04)
|
$2,992,423
|
$(899,426)
$(0.05)
|
|
|
|
|
|
|
Net Realized
Gain (Loss) on Investments and Foreign Currency
Transactions
|
$18,654,937
|
$41,584,852
|
$13,467,872
|
|
|
|
|
|
|
Change in
Net Unrealized Appreciation (Depreciation) on Investments and
Foreign Currency Translations
|
$29,764,670
|
$3,083,293
|
$17,661,838
|
|
|
|
|
|
|
Total
Realized and Unrealized Gain (Loss) on Investments
Per
Share
|
$48,419,607
$2.61
|
$44,668,145
|
$31,129,710
$1.68
|
|
|
|
|
|
|
Net Increase
(Decrease) in Net Assets Resulting from Operations
Per
Share
|
$47,642,379
$2.56
|
$47,660,568
|
$30,230,284
$1.63
|
|
|
|
|
|
|
|
SOURCE The Taiwan Fund, Inc.