BOSTON, July 19, 2024 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended May 31, 2024.

The Fund reported a net asset value per share of $49.64 as of the close of business on May 31, 2024. This represents an increase of $1.26 per share from the net asset value per share of $48.38 reported on Feb 29, 2024. The Fund's share price, as traded on the New York Stock Exchange on May 31, 2024, was $39.84, representing a discount to net asset value of 19.74%. This represents an increase of $1.02 per share from the share price of $38.82 on February 29, 2024, which represented a discount to net asset value of 19.76%. The Fund had a total return of 2.60% for the three months ended May 31, 2024 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned 9.46% (in US$ terms).

For the nine month period ended May 31, 2024, the Fund's net asset value per share increased $9.91 per share from the net asset value per share of $39.73 reported on August 31, 2023.  For the nine month period ended May 31, 2024, the share price, as traded on the NYSE, increased $8.74 per share from the share price of $31.10 reported on August 31, 2023.  The Fund had a total return of 26.56% for the nine month period ended May 31, 2024 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned 26.08% (in US$ terms).

For the three month period ended May 31, 2024, the Fund had net realized gains of $18,996,701 on investments and foreign currency transactions and a decrease in net unrealized appreciation of $13,057,608 on investments and foreign currency transactions. The Fund's net investment income (consisting of dividend and interest income less operating expenses) for the same period was $946,970.

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