The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

FOR IMMEDIATE RELEASE
CONTACT:
Brian F. Link, Secretary
1-800-426-5523
www.thetaiwanfund.com

The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

BOSTON, Massachusetts, July 15, 2026--The Taiwan Fund, Inc. (the “Fund”) (NYSE: TWN) announced today details regarding its investment performance for the three month period ended May 31, 2026.

The Fund reported a net asset value per share of $116.90 as of the close of business on May 31, 2026. This represents an increase of $37.57 per share from the net asset value per share of $79.33 reported on Feb 28, 2026. The Fund's share price, as traded on the New York Stock Exchange on May 29, 2026, was $99.15, representing a discount to net asset value of 15.18%. This represents an increase of $33.17 per share from the share price of $65.98 on February 27, 2026, which represented a discount to net asset value of 16.83%. The Fund had a total return of 47.36% for the three months ended May 31, 2026 based on the change in its net asset value. For the same period the TAIEX Total Return Index returned 26.12% (in US$ terms).

For the nine month period ended May 31, 2026, the Fund’s net asset value per share Increased $57.77 per share from the net asset value per share of $59.13 reported on August 31, 2025. For the nine month period ended May 31, 2026, the share price, as traded on the NYSE, increased $48.90 per share from the share price of $50.25 reported on August 31, 2025. The Fund had a total return of 119.94% for the nine month period ended May 31, 2026 based on the change in its net asset value and the Fund’s annual distribution. For the same period the TAIEX Total Return Index returned 81.28% (in US$ terms).

For the three month period ended May 31, 2026, the Fund had net realized gains of $53,155,005 on investments and foreign currency transactions and an increase in net unrealized appreciation of $155,581,464 on investments and foreign currency transactions. The Fund's net investment loss (consisting of dividend and interest income less operating expenses) for the same period was $ 373,401.