NEW YORK, July 15, 2020 /PRNewswire/ -- The Taiwan Fund,
Inc. (the "Fund") (NYSE: TWN) announced today details regarding its
investment performance for the three month period ended
May 31, 2020.
The Fund reported a net asset value per share of $23.42 as of the close of business on
May 29, 2020. This represents an
increase of $0.74 per share from the
net asset value per share of $22.68
reported on Feb 29, 2020. The Fund's
share price, as traded on the New York Stock Exchange on
May 29, 2020, was $19.25, representing a discount to net asset
value of 17.81%. This represents an increase of $0.30 per share from the share price of
$18.95 on February 28, 2020, which represented a discount
to net asset value of 16.45%. The Fund had a total return of 3.26%
for the three months ended May 31,
2020 based on the change in its net asset value. For the
same period the TAIEX Total Return Index returned -2.01% (in US$
terms).
For the nine month period, the Fund's net asset value per share
increased $2.62 per share from the
net asset value per share of $20.80
reported on August 31, 2019.
For the nine month period ended May 31,
2020, the share price, as traded on the NYSE, increased
$1.41 per share from the share price
of $17.84 reported on August 31, 2019. The Fund had a total
return of 23.56% for the nine month period ended May 31, 2020 based on the change of its net asset
value. For the same period the TAIEX Total Return Index returned
8.50% (in US$ terms).
For the three month period ended May 31,
2020, the Fund had net realized losses of $4,317,876 on investments and foreign currency
transactions and an increase in net unrealized appreciation of
$10,240,044 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 $444,671.
|
Quarter
Ended
|
Nine
Months
|
|
Quarter
Ended
|
Nine
Months
|
|
May 31,
|
Ended May
31,
|
|
May 31,
|
Ended May
31,
|
|
2020
|
2020
|
|
2019
|
2019
|
|
|
|
|
|
|
Total Net
Assets
|
$174,844,066
|
$174,844,066
|
|
$142,112,531
|
$142,112,531
|
|
|
|
|
|
|
Gross Investment
Income
|
$290,113
|
$805,948
|
|
$0
|
$227,614
|
Per
Share
|
$0.04
|
$0.11
|
|
$0.00
|
$0.03
|
|
|
|
|
|
|
Net Investment Income
(Loss)
|
$(444,671)
|
$(1,378,672)
|
|
$(698,348)
|
$(1,805,345)
|
Per
Share
|
$(0.06)
|
$(0.18)
|
|
$(0.09)
|
$(0.23)
|
|
|
|
|
|
|
Net Realized Gain
(Loss) on Investments and Foreign Currency
Transactions
|
$(4,317,876)
|
$19,210,922
|
|
$1,763,035
|
$(14,192,091)
|
|
|
|
|
|
|
Change in Net
Unrealized Appreciation (Depreciation) on Investments
and Foreign Currency
Translations
|
$10,240,044
|
$13,821,366
|
|
$(10,526,135)
|
$(8,430,695)
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Realized and
Unrealized Gain (Loss) on Investments
|
$5,922,168
|
$33,032,287
|
|
$(8,763,100)
|
$(22,622,786)
|
Per
Share
|
$0.79
|
$4.42
|
|
$(1.13)
|
$(2.93)
|
|
|
|
|
|
|
Net Increase
(Decrease) in Net Assets Resulting from Operations
|
$5,477,497
|
$31,653,615
|
|
$(9,461,448)
|
$(24,428,131)
|
Per
Share
|
$0.73
|
$4.24
|
|
$(1.23)
|
$(3.16)
|
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 1-800-426-5523.
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SOURCE The Taiwan Fund, Inc.