PR Newswire·Jul 15, 2026, 4:14 PM ET

The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

The Taiwan Fund, Inc. (NYSE: TWN) reported net asset value (NAV) per share of $116.90 as of May 31, 2026, up from $79.33 on February 28, 2026.
The fund's share price traded at $99.15 on May 29, 2026, reflecting a 15.18% discount to NAV, compared to a 16.83% discount on February 27, 2026.
Total return for the three months ended May 31, 2026, was 47.36% based on NAV changes, outperforming the TAIEX Total Return Index which returned 26.12% in US dollar terms.
For the nine months ended May 31, 2026, NAV increased $57.77 per share to $116.90 from $59.13 on August 31, 2025.
Nine-month total return was 119.94% based on NAV changes and distributions, versus 81.28% for the TAIEX Total Return Index.
Net realized gains for the quarter ended May 31, 2026, were $53,155,005, with net unrealized appreciation increasing by $155,581,464.
Net investment loss for the quarter was $373,401, calculated as dividend and interest income less operating expenses.
Total Net Assets reached $650,879,216 as of May 31, 2026, up from $290,127,535 for the same period in 2025.
Per share net increase in net assets resulting from operations was $37.42 for the quarter and $64.75 for the nine months ended May 31, 2026.
The Fund is a non-diversified closed-end investment company focused on long-term capital appreciation through equity securities listed on the Taiwan Stock Exchange.