NEW YORK, Jan. 14, 2014 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended November 30, 2013.

The Fund reported a net asset value per share of $21.30 as of the close of business on November 30, 2013. This represents an increase of $2.00 per share from the net asset value per share of $19.30 reported on August 31, 2013. The Fund's share price as traded on the New York Stock Exchange on November 30, 2013 was $19.01, representing a discount to net asset value of 10.75%. This represents an increase of $1.68 per share from the share price of $17.33 on August 31, 2013, which represented a discount to net asset value of 10.21%. The Fund had a total return of 10.4% for the three months ended November 30, 2013, based on the change in its net asset value. For the same period the Taiwan Stock Exchange Total Return Index returned 6.1% (in US$ terms).

For the three month period ended November 30, 2013, the Fund had net realized gain of $4,399,192 on investment transactions and a change in net unrealized gain of $12,616,205 on investments held. The Fund's net investment loss (consisting of dividend and interest income less operating expenses) for the same period was $564,389.

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.



                        Quarter Ended             Year Ended             Quarter Ended

                         November 30,             August 31,              November 30,

                                            2013                    2013                     2012
                                            ----                    ----                     ----


      Total Net Assets              $175,140,635            $158,689,627             $151,349,804


      Gross Investment
            Income                      $182,894              $5,188,589                 $229,548

          Per Share                        $0.02                                            $0.03


       Net Investment
        Income (Loss)                  $(564,389)             $1,118,186                $(676,496)

          Per Share                       $(0.07)                                          $(0.08)


      Net Realized Gain
          (Loss) on
       Investments and
       Foreign Currency
         Transactions                 $4,399,192              $3,909,519                $(364,808)


        Change in Net
          Unrealized
         Appreciation
      (Depreciation) on
       Investments and
       Foreign Currency
         Translations                $12,616,205             $11,425,018               $1,999,760
                                     -----------             -----------               ----------


     Total Realized and
       Unrealized Gain
          (Loss) on
         Investments                 $17,015,397             $15,334,537               $1,634,952

          Per Share                        $2.07                                            $0.19


        Net Increase
      (Decrease) in Net
       Assets Resulting
       from Operations               $16,451,008                                         $958,456

          Per Share                        $2.00             $16,452,723                    $0.11

SOURCE The Taiwan Fund, Inc.