NEW YORK, Dec. 23, 2011 /PRNewswire/ -- The Taiwan Fund,
Inc. (the "Fund") (NYSE: TWN) announces that the Board of Directors
has appointed Martin Currie Inc. ("Martin
Currie") and APS Asset Management Pte Ltd. ("APS") as the
investment advisor and sub-advisor of the Fund subject to
stockholder approval.
In connection with the appointment, the Board will approve a new
investment management agreement with Martin
Currie and a new sub-advisory agreement with APS and
recommend that the stockholders approve such agreements. The
proposal to approve a new investment management agreement with
Martin Currie and a new sub-advisory
agreement with APS will be submitted to stockholders at the annual
stockholders meeting. The Board expects to set the date of
the annual stockholders meeting shortly and anticipates that the
meeting will be held in February 2012.
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 1-877-864-5056.
SOURCE The Taiwan Fund, Inc.