#United States #New York #Taiwan Fund #NYSE TWN #TAIEX Index

Taiwan Fund, Inc. Reports First Quarter Earnings

The Taiwan Fund, Inc., trading under the ticker symbol TWN on the New York Stock Exchange, has unveiled its earnings results for the first quarter ending November 30, 2025. This announcement highlights a notable rise in the fund's net asset value and positive returns that may interest current and prospective investors.

As of November 30, 2025, the fund reported a net asset value (NAV) per share of $67.52. This amount reflects a notable increase of $8.39 from the figure of $59.13 recorded on August 31, 2025, showcasing the fund's capacity to generate substantial growth.

In terms of performance, the Taiwan Fund achieved a total return of 14.19% over the three-month period, clearly outperforming the TAIEX Total Return Index, which returned 11.29% in U.S. dollar terms for the same timeframe. This performance underlines the fund's strong position in the market and its effective investment strategies.

The share price of the fund also displayed a positive trend, closing at $55.15 on November 30, 2025. This marks an increase of $4.90 from $50.25 on August 31, 2025. However, the discount to net asset value per share saw a rise from 15.02% in August to 18.32% in November.

Additionally, the fund recorded net realized gains totaling $15,129,005 from investments and foreign currency transactions, along with an increase in net unrealized appreciation of $34,243,557. While the net investment loss for the same quarter stood at $49,731, driven by dividend and securities lending income alongside operating expenses, the overall financial health of the fund appears robust.

Here's a snapshot of key figures from the quarter ending November 30, 2025:

• - Total Net Assets: $401,456,712
• - Gross Investment Income Per Share: $1,134,870, translating to $0.19 per share
• - Net Investment Income (Loss) Per Share: $(49,731), equating to $(0.01) per share
• - Net Realized Gain on Investments: $15,129,005
• - Change in Net Unrealized Appreciation: $34,243,557

The fund's total realized and unrealized gains reached $49,372,562, amounting to $8.18 per share. The net increase in net assets resulting from operations was $49,322,831 for this quarter, indicating a stable growth trajectory.

The Taiwan Fund aims to provide long-term capital appreciation mainly by investing in equity securities listed on the Taiwan Stock Exchange. Investors can take comfort in the fund's proven performance and strategic investment approach.

For anyone interested in further details about the Taiwan Fund, including an overview of its holdings and strategic objectives, they can access comprehensive information through the official website at www.thetaiwanfund.com or reach out via phone at 1-800-426-5523. With this first quarter report, the Taiwan Fund continues to solidify its position as an attractive investment opportunity in the fluctuating financial landscape.