NEW YORK, Oct. 26, 2016
/PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN)
announced today details regarding its investment performance for
the three month period ended May 31,
2016.
The Fund reported a net asset value per share of $17.23 as of the close of business on
May 31, 2016. This represents
an increase of $0.43 per share from
the net asset value per share of $16.80 reported on February 29, 2016. The Fund's share price,
as traded on the New York Stock Exchange on May 31, 2016, was $14.73, representing a discount to net asset
value of 14.51%. This represents an decrease of $0.09 per share from the share price of
$14.82 on February 29, 2016, which represented a discount
to net asset value of 11.79%. The Fund had a total return of
2.56% for the three months ended May 31,
2016 based on the change in its net asset value. For
the same period the Taiwan Stock Exchange Total Return Index
returned 3.62% (in US$ terms).
For the nine month period ended May 31,
2016, the Fund's net asset value per share increased
$0.49 per share from the net asset
value per share of $16.74 reported on
August 31, 2015. For the nine
month period ended May 31, 2015, the
share price, as traded on the New York Stock Exchange, increased
0.01 per share from the share price of $14.72 reported on August
31, 2015. The Fund had a total return of 2.93% for the
nine month period ended May 31, 2016
based on the change of its net asset value. For the same period the
Taiwan Stock Exchange Total Return Index returned 4.92% (in US$
terms).
For the three month period ended May 31,
2016, the Fund had net realized loss of $1,327,529 on investments and foreign currency
transactions and an increase in net unrealized gain of $5,564,962 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 $682,956.
|
Quarter
Ended
|
Nine
Months
|
|
Quarter
Ended
|
Nine
Months
|
|
May 31,
|
Ended May
31,
|
|
May 31,
|
Ended May
31,
|
|
2016
|
2016
|
|
2015
|
2015
|
|
|
|
|
|
|
|
Total Net
Assets
|
141,710,745
|
141,710,745
|
|
164,959,386
|
164,959,386
|
|
|
|
|
|
|
|
Gross Investment
Income
|
13,348
|
441,029
|
|
8,833
|
158,161
|
|
Per
Share
|
$-
|
$0.05
|
|
$-
|
$0.02
|
|
|
|
|
|
|
|
Net Investment Income
(Loss)
|
-682,956
|
-1,771,211
|
|
-712,499
|
-2,102,071
|
|
Per
Share
|
($0.08)
|
($0.22)
|
|
($0.09)
|
($0.26)
|
|
|
|
|
|
|
|
Net Realized Gain
(Loss) on Investments
|
|
|
|
|
|
|
and Foreign
Currency Transactions
|
-1,327,529
|
-10,093,755
|
|
-1,236,695
|
-10,167,675
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in Net
Unrealized
|
|
|
|
|
|
|
Appreciation
(Depreciation) on Investments
|
5,564,962
|
18,920,234
|
|
14,335,736
|
25,911,345
|
|
and Foreign Currency
Translations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Realized and
Unrealized
|
|
|
|
|
|
|
Gain (Loss) on
Investments
|
4,237,433
|
8,826,479
|
|
13,099,041
|
15,743,670
|
|
Per
Share
|
$0.52
|
$1.07
|
|
$1.59
|
$1.91
|
|
|
|
|
|
|
|
Net Increase
(Decrease) in Net
|
|
|
|
|
|
|
Assets Resulting from
Operations
|
3,554,478
|
7,055,268
|
|
12,377,709
|
13,641,599
|
|
Per
Share
|
$0.43
|
$0.86
|
|
$1.51
|
$1.66
|
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-3rd-quarter-earnings-300351859.html
SOURCE The Taiwan Fund, Inc.