The Taiwan Fund, Inc. Declares Capital Gains Distribution for Shareholders
On December 13, 2024, the Board of Directors for The Taiwan Fund, Inc. (NYSE: TWN) made a notable announcement regarding capital gains for its investors. They have officially declared a long-term capital gain distribution amounting to $7.3984 per share. This distribution is set to be payable on January 10, 2025, to shareholders who are on record as of December 27, 2024. Additionally, the ex-dividend date is also marked for December 27, 2024.
The Taiwan Fund operates under a Dividend Reinvestment and Cash Purchase Plan, designed for all its stockholders. This plan provides an opportunity for shareholders to receive shares at potentially favorable rates. If the shares are traded at a premium compared to the net asset value (NAV) of the Fund, participants in the plan will receive shares valued at either the higher of the NAV or 95% of the current market price. Conversely, if the shares are trading at a discount, participants will receive shares according to the prevailing market price.
The Fund itself is a diversified closed-end investment company focused on achieving long-term capital appreciation primarily through investing in equity securities that are listed on the Taiwan Stock Exchange. The shares of The Taiwan Fund are publicly traded on the New York Stock Exchange, denoted by the ticker symbol 'TWN'. This accessibility allows U.S. investors to engage with Taiwanese market opportunities, further enhancing the Fund’s attractiveness.
For more information regarding the Fund’s performance, including a detailed look at its holdings and investment strategies, interested parties can visit the official Fund website at www.thetaiwanfund.com or reach out directly via phone at 1-800-426-5523. The announcement comes as part of the Fund's ongoing commitment to keep its shareholders informed about their investment and the landscape of the markets in which they operate.
As global investors increasingly look towards diversified portfolios, The Taiwan Fund stands out by offering exposure to one of Asia’s most dynamic markets. With a solid investment strategy and transparency regarding distributions, it continues to attract interest from both institutional and retail investors.
Investors should take note of the distribution date, as well as the implications for their individual portfolios, especially those enrolled in the Dividend Reinvestment Plan. This distribution not only reflects the solid performance of the Fund but also emphasizes its proactive approach to enhancing shareholder value in a continually evolving market environment.
In summary, the announcement of the $7.3984 per share distribution showcases The Taiwan Fund’s commitment to delivering consistent returns to its investors. As they prepare for the upcoming distribution in January, shareholders are encouraged to review their investment strategies in light of this new information. The Fund remains dedicated to navigating the intricacies of the Taiwanese market to maximize long-term gain opportunities for its stakeholders.