SCHEDULE 13G/A: Lazard Asset Management Discloses Significant 17.97% Stake in Taiwan Fund Inc.

Lazard Asset Management LLC has filed an amended Schedule 13G, reporting a 17.97% beneficial ownership stake in Taiwan Fund Inc. as of March 31, 2025.

Summary

• Lazard Asset Management LLC reported beneficial ownership of 1,132,870 shares of Taiwan Fund Inc.'s Cl-EndFund Eq 1 securities.
• This ownership represents 17.97% of the total class of securities.
• Lazard Asset Management LLC holds sole voting power over 794,524 shares and sole dispositive power over all 1,132,870 beneficially owned shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Taiwan Fund Inc.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's voting stock, indicating passive investment intent. This filing shows Lazard Asset Management LLC, a significant investment adviser, holds a substantial stake in Taiwan Fund Inc., a closed-end fund, which is common for large asset managers seeking diversified portfolio exposure.

Stakeholder Impact

• Shareholders of Taiwan Fund Inc. are informed of a significant institutional investor's stake, which can provide insights into institutional confidence in the fund.
• Investment professionals and regulatory bodies gain transparency into major ownership positions in publicly traded entities.

Key Dates

Keywords

Taiwan Fund Inc., Lazard Asset Management LLC, Schedule 13G, Beneficial Ownership, Investment Adviser, Closed-End Fund, Equity, SEC Filing