#United States #Boston #Tender Offer #Taiwan Fund #NYSE TWN

The Taiwan Fund, Inc. Implements a New Conditional Tender Offer Policy

The Taiwan Fund, Inc. (NYSE: TWN) has recently announced that it has established a new conditional tender offer policy, set to take effect as the current policy expires on December 31, 2025. This development aims to create a more advantageous environment for its stockholders while ensuring that the Fund remains competitive in the investment landscape.

Details of the New Policy

Under the new policy, a tender offer will be initiated to buy back up to 25% of the Fund's outstanding shares. This will be executed at a price of 98% of the net asset value (NAV) if the Fund’s NAV growth surpasses that of its benchmark—the TAIEX Total Return Index—over a specified five-year period ending December 31, 2030. This dual approach not only sets a clear performance metric for the Fund but also ensures that stockholders will receive liquidity through the tender offer should the performance benchmark be trailed.

Strategic Perspective from the Board

The Board of Directors firmly believes that adopting this new conditional policy is aligned with the best interests of the shareholders. In doing so, they aim to provide stockholders with a viable path to benefit—either through enhanced performance generated by the Fund’s strategic investments or through a tender offer that serves as a financial exit strategy. This demonstrates a commitment to proactivity in asset management and capital growth, especially in the competitive field of equity investments.

Importance of the Performance Benchmark

The integration of a performance benchmark into the new policy is indicative of the evolving landscape of investment strategies. By linking the tender offer to the performance of the TAIEX Total Return Index, the Fund acknowledges the necessity to remain competitive and to hold itself accountable for its return on investment. This model not only incentivizes better performance but also aligns the interests of the management team with those of the shareholders.

The Fund's Background

The Taiwan Fund is a diversified closed-end investment company focusing on long-term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. It aims to offer shareholders a way to participate in the growth of Taiwan’s economy via a variety of investment strategies. Currently, the shares of the Fund are traded on the New York Stock Exchange under the ticker symbol "TWN," signifying its presence in international markets.

Conclusion

The adoption of the new conditional tender offer policy signifies a pivotal moment for the Taiwan Fund, Inc. It not only enhances shareholder value through a structured approach to performance management but also provides flexibility and liquidity to investors. As the financial landscape continues to shift, the Taiwan Fund demonstrates its ability to adapt, ensuring that its stakeholders can benefit from both growth and stability in their investments. Those interested in learning more about the Fund's investment strategy and holdings are encouraged to visit its website or reach out via phone at 1-877-217-9502.

Contact Information

For additional details, please contact:

• - Brian F. Link
• - Secretary
• - Phone: 877-217-9502
• - Website: www.thetaiwanfund.com

Acknowledgment

This announcement corrects earlier omissions found in a press release released earlier today, emphasizing the Fund's commitment to transparency and investor communication.