NEW YORK, Oct. 30, 2018 /PRNewswire/ -- The Board of
Directors of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today
announced that it has negotiated a reduction in advisory fees paid
to JF International Management, Inc. ("JFIMI"), the investment
manager of the Fund. JFIMI is currently paid a tiered advisory fee
of 0.90% per annum of the value of the Fund's average daily net
assets up to and including $150
million of net assets; 0.80% per annum of the value of the
Fund's average daily net assets on the next $150 million of net assets; and 0.70% per annum
of the value of the Fund's average daily net assets in excess
thereof.
Effective September 1, 2018, the
Fund's advisory fee was permanently reduced to 0.75% per annum of
the value of the Fund's average daily net assets for all
assets.
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 1-877-217-9502.
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SOURCE The Taiwan Fund, Inc.