The Taiwan Fund, Inc. Announces the Results of the Annual Stockholders Meeting
NEW YORK, April 22, 2015 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) announced today the results of its Annual Stockholders Meeting held on April 21, 2015. The Fund's stockholders elected seven individuals to the Board of Directors. Joe O. Rogers, M. Christopher Canavan, Jr., Michael F. Holland, William C. Kirby, Anthony Kai Yiu Lo, Lawrence A. Kudlow and Chih T. Cheung were elected for one-year terms, expiring in 2016.
Director |
Votes Case for |
Votes Against/Withheld |
Joe O. Rogers |
4,350,321 |
2,786,717 |
M. Christopher Canavan, Jr. |
4,321,650 |
2,815,388 |
Michael F. Holland |
6,942,512 |
194,526 |
William C. Kirby |
7,001,039 |
135,999 |
Anthony Kai Yiu Lo |
4,040,705 |
3,096,334 |
Lawrence A. Kudlow |
6,985,267 |
151,771 |
Chih T. Cheung |
6,994,792 |
142,246 |
The stockholders of the Fund also voted to remove the Fund's investment limitation that restricts the Fund's equity investments to securities listed and traded on the Taiwan stock exchange or traded in the over-the-counter market in Taiwan (collectively, "Taiwan Traded Securities"). The Fund reported that 76.96% of the Fund's outstanding shares voted in favor of removing the Fund's investment limitation that restricts the Fund's equity investments to Taiwan Traded Securities.
For |
Against |
Abstain |
Non-votes |
6,329,053 |
29,604 |
1,179 |
777,203 |
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.
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