The Taiwan Fund, Inc. Announces a Reduction in Advisory Fees Paid to the Investment Manager
Taiwan Fund, Inc. (The) (TWN)
US:NYSE Investor Relations:
sec.gov/archives/edgar/data/804123/000119312514179243/d693551dncsrs.htm
Company Research
Source: PR Newswire
NEW YORK, Oct. 30, 2018 /PRNewswire/ -- The Board of Directors of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today announced that it has negotiated a reduction in advisory fees paid to JF International Management, Inc. ("JFIMI"), the investment manager of the Fund. JFIMI is currently paid a tiered advisory fee of 0.90% per annum of the value of the Fund's average daily net assets up to and including $150 million of net assets; 0.80% per annum of the value of the Fund's average daily net assets on the next $150 million of net assets; and 0.70% per annum of the value of the Fund's average daily net assets in excess thereof.Effective September 1, 2018, the Fund's advisory fee was permanently reduced to 0.75% per annum of the value of the Fund's average daily net assets for all assets.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
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TWN
Sec Filings
- 4/23/24 - Form NPORT-P
- 3/5/24 - Form DEF
- 2/23/24 - Form 4
- TWN's page on the SEC website