NEW YORK, Dec. 17, 2020 /PRNewswire/ -- The Board of
Directors of The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund")
has declared capital gain and net investment income distributions
in the estimated aggregate amount of $3.3122 per share. The capital gain portion
of the distributions is comprised of long-term capital gains
estimated at $0.6156 per share and
short-term capital gains estimated at $2.3207 per share. The net investment income
portion of the distributions is estimated to be $0.3759 per share. The distribution will be
payable on January 8, 2021 to
stockholders of record on December 29, 2020 with an
ex-dividend date of December 28,
2020.
The Fund has a Dividend Reinvestment and Cash Purchase Plan (the
"Plan") that is open to all stockholders. If the Fund's
shares trade at a premium to the net asset value of the Fund, Plan
participants will receive shares of the Fund valued at the greater
of the net asset value or 95% of the market price. If the
Fund is trading at a discount, Plan participants will receive
shares of the Fund valued at market price per share. All
stockholders may elect to participate in the Plan or may withdraw
at any time within the limitations described in the Plan.
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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.