The Taiwan Fund, Inc.

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The Taiwan Fund, Inc. Announces Share Repurchases under its Discount Management Policy from January 20, 2020 through January 24, 2020

CONTACT:
Brian F. Link, Secretary
877-217-9502
www.thetaiwanfund.com

New York, New York, January 27, 2020 – The Taiwan Fund, Inc. (TWN) (the “Fund”) announced today that for the period January 20, 2020 through January 24, 2020, the Fund repurchased a total of 16,000 shares under the Fund’s Discount Management Program as follows:

Purchase Date Shares Repurchased
January 21, 2020 4,000
January 22, 2020 4,500
January 23, 2020 3,000
January 24, 2020 4,500

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 1-877-217-9502.

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