TWN Taiwan Fund Inc

NEW YORK, July 12, 2013 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended May 31, 2013.

The Fund reported a net asset value per share of $18.72 as of the close of business on May 31, 2013.  This represents an increase of $0.52 per share from the net asset value per share of $18.20 reported on February 28, 2013.  The Fund's share price, as traded on the New York Stock Exchange on May 31, 2013, was $16.66, representing a discount to net asset value of 11.00%.  This represents an increase of $0.15 per share from the share price of $16.51 on February 28, 2013, which represented a discount to net asset value of 9.29%.  The Fund had a total return of 2.86% for the three months ended May 31, 2013 based on the change in its net asset value.  For the same period the Taiwan Stock Exchange Index, a price index and not a total return index, returned 3.65% (in US$ terms).

For the nine month period ended May 31, 2013, the Fund's net asset value per share increased $1.51 per share from the net asset value per share of $17.21 reported on August 31, 2012.  For the nine month period ended May 31, 2013, the share price, as traded on the New York Stock Exchange, increased $1.08 per share from the share price of $15.58 reported on August 31, 2012.  The Fund had a total return of 8.77% for the nine month period ended May 31, 2013 based on the change of its net asset value.  For the same period the Taiwan Stock Exchange Index, a price index and not a total return index, returned 11.78% (in US$ terms).

For the three month period ended May 31, 2013, the Fund had net realized gains of $647,403 on investments and foreign currency transactions and a change in net unrealized gain of $4,286,750 on investments and foreign currency transactions.  The Fund's net investment loss (consisting of dividend and interest income less operating expenses) for the same period was $736,267.

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.