Printer Friendly

THE TAIWAN FUND, INC. REPORTS RESULTS

 THE TAIWAN FUND, INC. REPORTS RESULTS
 BOSTON, April 29 /PRNewswire/ -- The Taiwan Fund, Inc.


(NYSE: TWN) announced today details regarding its investment performance for the three month period ended Feb. 29, 1992 and for the six months ended Feb. 29, 1992.
 The Fund reported a net asset value as of the close of business on Feb. 29, 1992 of $23.03. This is an increase of $2.78 from the $20.25 net asset value reported on Nov. 29, 1991. For the six months ended Feb. 29, 1992, the Fund's net asset value increased $3.36 from the $19.67 reported on Aug. 31, 1991.
 During the quarter ended Feb. 29, 1992, the Fund had net realized gains on investment transactions of $8,555,213 and net unrealized appreciation of investments of $21,841,126. Net investment loss (consisting of interest income less operating expenses) for the quarter was $(537,215).
 For the six months ended Feb. 29, 1992, the Fund had net realized gains on investment transactions of $7,497,950 and net unrealized appreciation of investments of $18,955,345. Net investment loss for the period was $(594,547).
 At Feb. 29, 1992, approximately 60 percent of the Fund's $185 million in net assets was invested in equity securities listed on the Taiwan Stock Exchange, with the balance invested in cash, government obligations and short-term investments.
 The Taiwan Fund, Inc. is a diversified closed-end investment company which seeks long-term capital appreciation primarily through investments in equity securities listed in the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange.
 THE TAIWAN FUND INC.
 Financial Highlights
 Quarter ended Six months ended
 2/29/92 2/29/92
 Total income $1,328,862 $1,783,094
 Net investment income (loss) $(537,215) $(594,547)
 Per share $(0.07) per share $(0.08) per share
 Net realized and unrealized
 gain on investments $30,396,339 $26,453,295
 Per share $3.78 per share $3.43 per share
 Net increase in net assets
 resulting from operations $29,859,124 $25,858,748
 Per share $3.72 per share $3.35 per share
 Share price
 High $30.875 $30.875
 Low $24.375 $21.25
 -0- 4/29/92
 /CONTACT: Gary French of The Taiwan Fund, Inc., 617-570-6286/
 (TWN) CO: The Taiwan Fund, Inc. ST: Massachusetts IN: FIN SU: ERN


PB -- NE006 -- 4394 04/29/92 12:42 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1992
Words:403
Previous Article:HAMBURGER HAMLET REPORTS FIRST QUARTER EARNINGS
Next Article:SOMANETICS SIGNS AGREEMENTS WITH MEDICAL SPECIALTY DISTRIBUTORS IN EUROPE AND CANADA


Related Articles
TAIWAN FUND ANNOUNCES INVESTMENT PERFORMANCE RESULTS
THE TAIWAN FUND INC. REPORTS INVESTMENT PERFORMANCE
THE TAIWAN FUND, INC. ANNOUNCES INVESTMENT PERFORMANCE
THE TAIWAN FUND ANNOUNCES FIRST QUARTER PERFORMANCE
THE TAIWAN FUND, INC. ANNOUNCES QUARTERLY EARNINGS
THE TAIWAN FUND, INC. ANNOUNCES EARNINGS
THE TAIWAN FUND, INC. ANNOUNCES RESULTS
THE TAIWAN FUND, INC. ANNOUNCES RESULTS
THE TAIWAN FUND, INC. REPORTS FOURTH QUARTER AND YEAR END PERFORMANCE
THE TAIWAN FUND ANNOUNCES INVESTMENT PERFORMANCE FOR THREE MONTHS ENDED NOVEMBER 30, 1995

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters