NEW YORK, Sept. 12, 2013 /PRNewswire/ -- The Taiwan Fund,
Inc. (NYSE: TWN) (the "Fund"), announced today that it had been
notified by its Investment Adviser, Martin Currie Inc.
("Martin Currie"), that on
September 4, 2013 its Sub-Adviser,
APS Asset Management Pte Ltd. ("APS"), had given Martin Currie notice of termination of the
Sub-Advisory Agreement between Martin
Currie and APS. APS also notified Martin Currie that, while by its terms the
Sub-Advisory Agreement would terminate 90 days after such notice,
APS was willing to continue to serve as the Fund's Sub-Adviser
until February 22, 2014.
The Fund's Board of Directors is considering alternatives for
the Fund's investment advisory arrangements.
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.