Press Release: The Taiwan Fund, Inc. Announces 1st Quarter Earnings

NEW YORK, Jan. 14, 2026 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended November 30, 2025.

The Fund reported a net asset value per share of $67.52 as of the close of business on November 30, 2025. This represents an increase of $8.39 per share from the net asset value per share of $59.13 reported on August 31, 2025. The Fund had a total return of 14.19% for the three months ended November 30, 2025 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned 11.29% (in US$ terms).

The Fund's share price, as traded on the New York Stock Exchange on November 30, 2025, was $55.15, representing an increase of $4.90 per share from the share price of $50.25 on August 31, 2025. The Fund's discount to net asset value per share increased from 15.02% on August 31, 2025 to 18.32% on November 30, 2025.

For the three month period ended November 30, 2025, the Fund had net realized gains of $15,129,005 on investments and foreign currency transactions and increase in net unrealized appreciation of $34,243,557 on investments and foreign currency. The Fund's net investment loss (consisting of dividend and securities lending income less operating expenses) for the same period was $49,731.

 
                                  Quarter Ended   Year Ended    Quarter Ended 
                                   November 30,    August 31,    November 30, 
                                       2025           2025           2024 
                                  -------------  -------------  ------------- 
 
            Total Net Assets      $ 401,456,712  $ 360,903,648  $ 347,890,875 
 
    Gross Investment Income        $1,134,870                     $ 764,706 
            Per Share                 $0.19        $ 6,083,163      $0.12 
 
  Net Investment Income (Loss)     $ (49,731)                    $ (27,963) 
            Per Share                ($0.01)       $ 1,904,034     ($0.00) 
 
  Net Realized Gain (Loss) on 
     Investments and Foreign 
      Currency Transactions        $ 15,129,005   $ 33,647,958    $ 3,115,096 
 
    Change in Net Unrealized 
 Appreciation (Depreciation) on 
     Investments and Foreign 
      Currency Translations        $ 34,243,557   $ 37,118,349  $ (9,851,700) 
 
 Total Realized and Unrealized    $ 49,372,562    $ 70,766,307  $ (6,736,604) 
   Gain (Loss) on Investments         $8.18                        $(1.03) 
            Per Share 
 
 Net Increase (Decrease) in Net   $ 49,322,831    $ 72,670,341  $ (6,764,566) 
      Assets Resulting from           $ 8.18                       $ (1.03) 
           Operations 
            Per Share 
 

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.

CONTACT:

Brian F. Link, Secretary

1-800-426-5523

www.thetaiwanfund.com

View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-1st-quarter-earnings-302661580.html

SOURCE The Taiwan Fund, Inc.

(END) Dow Jones Newswires

January 14, 2026 15:05 ET (20:05 GMT)