The Taiwan Fund, Inc. Announces Notice of Termination by its Sub-Adviser
NEW YORK, Sept. 12, 2013 /PRNewswire/ -- The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund"), announced today that it had been notified by its Investment Adviser, Martin Currie Inc. ("Martin Currie"), that on September 4, 2013 its Sub-Adviser, APS Asset Management Pte Ltd. ("APS"), had given Martin Currie notice of termination of the Sub-Advisory Agreement between Martin Currie and APS. APS also notified Martin Currie that, while by its terms the Sub-Advisory Agreement would terminate 90 days after such notice, APS was willing to continue to serve as the Fund's Sub-Adviser until February 22, 2014.
The Fund's Board of Directors is considering alternatives for the Fund's investment advisory arrangements.
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.