The Taiwan Fund, Inc.

The Taiwan Fund, Inc.

TWN
The Taiwan Fund, Inc.US flagNew York Stock Exchange
56.72
USD
-0.82
(-1.53%)
11.92EPS
4.82P/E
346.21MMarket Cap
The Taiwan Fund, Inc.
TWN
(New York Stock Exchange)

Recent

price

56.72

P/E

ratio

4.82

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
FRC
4.62
-0.07
-0.38
9.88
17.64
-9.6
10.06
13.91
Revenue per Share
4.3
-0.43
-0.66
9.6
17.35
-9.95
9.73
13.56
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
18.05
18.75
17.25
28.46
42.82
29.96
39.52
50.44
Book Value per Share
24.09
23.24
17.25
28.46
42.82
29.96
39.52
50.44
Tangible Book Value per Share
8
8
9
8
7
7
7
7
Basic Weighted Avg Shares
38
-1
-4
75
132
-72
75
100
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
35
-3
-6
73
130
-74
73
97
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
93.15
607.1
172.22
97.21
98.38
103.61
96.75
97.47
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
198
187
160
215
320
224
295
362
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-2.31
-3.93
38.7
48.47
-27.34
28
29.6
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.55%
22.51%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
-305.85%
33.77%
Sales/Revenue/Turnover
- -
-490.44%
32.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
75
2024
- -
- -
- -
- -
100
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
9.73
2024
- -
- -
- -
- -
13.56
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
The Taiwan Fund, Inc. is a diversified closed-end management investment company founded in 1986 and headquartered in the United States. It is managed by Nomura Asset Management U.S.A. Inc. and primarily focuses on long-term capital growth through an actively managed portfolio of equity securities listed on the Taiwan Stock Exchange. The Fund invests predominantly in Taiwanese companies across a broad spectrum of sectors including semiconductor, cement, chemicals and plastics, construction, electrical and electronics, finance and banking, food, textiles, glass, rubber, pulp and paper, metal products and machinery, retailing, and tourism. Its investment strategy emphasizes companies with strong technological advantages or business niches, sector leadership, structural growth opportunities, earnings surprises, and valuation expansion potential, with more than 25% of its assets allocated to the semiconductor industry. The Fund generally invests at least 80% of its assets in Taiwanese companies, including common stocks, preferred stocks, and convertible debentures listed on the Taiwan Stock Exchange. It employs fundamental analysis assessing growth prospects, competitive positioning, technology, research and development, profitability, capital resources, and management quality, among other factors. The portfolio management team seeks companies that may be under-researched by other investors, aiming to capitalize on market inefficiencies. The Fund benchmarks its performance against the TAIEX Total Return Index and targets diverse industries to maintain risk dispersion. Recently, The Taiwan Fund, Inc. announced a new conditional tender offer policy, reflecting efforts to provide liquidity and potential share repurchases to shareholders. It continues to actively manage share buybacks and dividend distributions in line with market conditions to enhance shareholder value. Operationally, the Fund maintains its strategic focus on Taiwanese equities, adapting to market trends and economic conditions within the Republic of China to optimize capital appreciation. Its latest operational disclosures highlight active portfolio rebalancing and a commitment to maintaining a diversified allocation in sectors integral to Taiwan's economic growth, particularly the technology and semiconductor industries. In summary, The Taiwan Fund, Inc. offers investors targeted exposure to Taiwan’s equity markets through a diversified and actively managed portfolio emphasizing growth-oriented sectors. It stands out by focusing on under-researched companies with strong industry positions and technological leadership. Its recent operational changes include implementing a new conditional tender offer policy and ongoing share repurchase programs, aimed at enhancing shareholder returns in a dynamic market environment. The Fund operates mainly in the Republic of China (Taiwan) markets but is domiciled in the United States and serves global investors seeking exposure to Taiwanese equities through a structured investment vehicle. It does not manufacture or sell physical products but provides investment management services focused on Taiwan's public equity markets. Its long-established history since 1986 and association with Nomura Asset Management U.S.A. Inc. position it as a specialized investment fund within the financial sector.

Company News

APIChat
  • The Taiwan Fund, Inc. Declares Distributions

  • 10 Best CEFs This Month: Average Yield Of 9.5% (November 2025)

  • 10 Best CEFs This Month: Average Yield Of 9% Plus (October 2025)

  • The Taiwan Fund, Inc. Announces a New Conditional Tender Offer Policy

  • The Taiwan Fund, Inc. Announces a New Conditional Tender Offer Policy

  • 10 Best CEFs This Month: Average Yield Of Nearly 9% (September 2025)

  • 10 Best CEFs This Month: Average Yield Of Nearly 9% (August 2025)

  • The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

  • TWN: Worth A Relook After Taiwan's Tech Selloff

  • Taiwan Fund: Maximally Levered To Global Tech Trends

  • The Taiwan Fund, Inc. Announces 1st Quarter Earnings

  • The Taiwan Fund, Inc. Declares Distributions

  • Taiwan Fund: Macro Improvements Outweigh Political Volatility

  • The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

  • Taiwan Fund: Tech Continues To Pay Off

  • TWN: No FOMO, Ride The 'AI 5' Tailwind With This Hated Fund

  • The Taiwan Fund: Flipping Bullish As Tech Tailwinds Intensify

  • The Month In Closed-End Funds: January 2024

  • The Taiwan Fund, Inc. Announces 1st Quarter Earnings

  • The Taiwan Fund, Inc. Declares Distributions