NEW YORK, Dec. 28, 2020 /PRNewswire/ -- The Board of
Directors of The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund")
confirmed capital gain and net investment income distributions in
the aggregate amount of $3.3122 per
share. The capital gain portion of the distributions is
comprised of long-term capital gains of $0.6156 per share and short-term capital gains of
$2.3207 per share. The net
investment income portion of the distributions is $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.
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.