The Taiwan Fund, Inc. Reports Positive 3rd Quarter Earnings with Increased NAV and Share Price
The Taiwan Fund, Inc. Reports 3rd Quarter Earnings
On July 16, 2025, The Taiwan Fund, Inc. (NYSE: TWN) shared its investment results for the quarter that ended on May 31, 2025, highlighting significant achievements and a promising outlook for investors. This quarter's report indicates a growing trend in the Fund’s net asset value, marking positive shifts within the financial landscape.
As of May 31, 2025, the Fund reported a net asset value (NAV) per share of $46.82. This amount reflects a rise of $1.10 per share compared to the NAV of $45.72 from February 28, 2025. Despite increases in impressive NAV figures, the share price witnessed a noted discount, sitting at $37.77, which equates to a 19.33% discount relative to its NAV. This slight decrease in share price from $37.24, which represented an 18.55% discount at the previous valuation date, highlights some market fluctuations for the Fund's investors.
Overall, the Fund achieved a total return of 2.41% for the three months ending May 31, 2025, exceeding the TAIEX Total Return Index of 1.66% in U.S. dollar terms during the same period. This positive differential demonstrates the Fund's resilience and the effectiveness of its investment strategies amid broader market conditions.
Year-to-Date Performance
In context to the broader fiscal year, the Fund experienced a decline of $6.96 per share across the nine-month window culminating on May 31, 2025, down from $53.78 as reported on August 31, 2024. This reduction is tied to both operating outcomes and a distribution of $7.40 per share to shareholders made in December 2024, but is also balanced with the gains from the Fund’s share repurchase initiatives.
During this nine-month stretch, the share price along the NYSE also faced a decrease of $6.96, falling from $44.73 reported the previous August. Despite this, the Fund's total return for this period reached 3.57%, contributing meaningfully to the investment narratives associated with resilient equity securities and the Fund's strategic allocations. The TAIEX Total Return Index provided a competitive return of 3.04% during the same timeframe.
Investment Performance Details
During the latest quarter that ended on May 31, 2025, The Taiwan Fund reported substantial net realized gains on investments and foreign currency transactions totaling $1,149,165 along with net unrealized appreciation increasing by $3,628,968. These factors underscore the strong performance of the Fund's investment policies and adept handling of foreign currency transactions. Additionally, net investment income—comprising dividend and interest income minus operating expenses—came in at $290,622.
| Indicator | Quarter Ended May 31, 2025 | Nine Months Ended May 31, 2025 |
|---|---|---|
| -------- | ------- | ------- |
| Total Net Assets | $290,127,535 | $290,127,535 |
| Gross Investment Income | $899,273 | $2,211,150 |
| Net Investment Income | $290,622 | $300,554 |
| Net Realized Gain on Investments | $1,149,165 | $16,570,083 |
| Change in Net Unrealized Appreciation | $3,628,968 | $(19,036,171) |
| Total Gain on Investments | $4,778,133 | $(2,466,088) |
| Net Increase in Net Assets from Operations | $5,068,756 | $(2,165,534) |
Summary
The Taiwan Fund, Inc. continues to uphold its long-term capital appreciation mission, primarily through strategic investments in equity securities on the Taiwan Stock Exchange. Its consistent performance amid various market challenges serves as a commendation of effective fund management. Investors looking to track their investments further and see detailed holdings can visit www.thetaiwanfund.com or call 1-800-426-5523 for additional information.
The transparent updates about the Fund’s performance help inform current and potential investors, illustrating both the achievements and challenges faced along the pathway of investment. The Fund remains committed to crafting a robust investment experience revolving around strategic equity based on market evaluations and immediate financial performance.
Topics Financial Services & Investing）
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