NEW YORK, Jan. 14, 2016 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended November 30, 2015.
The Fund reported a net asset value per share of $16.79 as of the close of business on November 30, 2015. This represents an increase of $0.05 per share from the net asset value per share of $16.74 reported on August 31, 2015. The Fund's share price as traded on the New York Stock Exchange on November 30, 2015 was $14.89, representing a discount to net asset value of -11.32%. This represents an increase of $0.17 per share from the share price of $14.72 on August 31, 2015, which represented a discount to net asset value of -12.07%. The Fund had a total return of 0.30% for the three months ended November 30, 2015, based on the change in its net asset value. For the same period the Taiwan Stock Exchange Total Return Index returned 1.81% (in US$ terms).
For the three month period ended November 30, 2015, the Fund had net realized loss of $4,175,968 on investment transactions and a change in net unrealized gain of $5,003,283 on investments held. The Fund's net investment loss (consisting of dividend and interest income less operating expenses) for the same period was $355,174.
Quarter Ended November 30, 2015 |
Year Ended August 31, 2015 |
Quarter Ended November 30, 2014 |
|
Total Net Assets |
$138,114,390 |
$137,642,249 |
$171,161,987 |
Gross Investment Income |
$469,555 |
$3,524,318 |
$152,718 |
Per Share |
$0.10 |
$0.02 |
|
Net Investment Income (Loss) |
$(355,174) |
$578,499 |
$(626,777) |
Per Share |
$(0.08) |
$(0.08) |
|
Net Realized Gain (Loss) on |
$ (4,175,968) |
$ (17,296,745) |
$ (4,050,542) |
Change in Net Unrealized |
$ 5,003,283 |
$ (8,573,888) |
$ 2,904,323 |
Total Realized and Unrealized |
$827,315 |
$ (25,870,633) |
$ (1,146,219) |
Per Share |
$0.18 |
$(0.14) |
|
Net Increase (Decrease) in Net |
$ 472,141 |
$ (25,292,134) |
$ (1,772,996) |
Per Share |
$0.10 |
$(0.22) |
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 1-877-864-5056.
SOURCE The Taiwan Fund, Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article