TWN CEF — The Taiwan Fund, Inc.

The Taiwan Fund, Inc. (TWN)

TWN is a low-cost CEF. its distribution rate is 6.26%, its trailing-12-month yield is 6.26%. Dividend Vision Distribution Safety Score™ is 65/100 (Generally safe). Its deepest 1-year drawdown was 23.6%.

At the current 6.26% distribution rate, a $10,000 investment would generate approximately $626 per year if the next payment matches the last regular one.

The Taiwan Fund, Inc. is a closed-end equity fund launched and managed by Nomura Asset Management that invests in publicly traded Taiwanese companies across diversified sectors, using fundamental analysis to select stocks and benchmarking against the TAIEX Total Return Index. The fund carries a current distribution rate in the mid-single digits and has been operating since 1986. It may appeal to investors seeking equity exposure to Taiwan's economy with regular income distributions.

TWN performance

Its deepest 1-year drawdown was 23.6%.

TWN key facts

Distribution Safety Score™

65 · Generally safe

Safety-Adjusted Yield

4.07%

Issuer

Nomura

Asset type

CEF

Asset class

Equity

Inception date

12/23/1986

Distribution rate

6.26%

Distribution frequency

Annual

Trailing yield

6.26%

Last close

$99.01 (as of 2026-09-18)

NAV

$120.42

Premium / discount

17.78% discount

Market cap

$574,203,904

Average volume

38000.0

Last dividend

$6.20

Last ex-dividend date

12/29/2025 (as of 2025-12-29)

Last payment date

01/06/2026 (as of 2026-01-06)

Beta

1.493

How Dividend Vision calculates yield and returns

Distribution rate (6.26%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (6.26%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nomura; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TWN risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 23.6%.

Who may consider TWN — and who may not

TWN may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (TWN pays annual). This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Nomura.