DEF: The Taiwan Fund, Inc. Announces Annual Meeting of Stockholders to Elect Directors

The Taiwan Fund, Inc. will hold its annual meeting on April 11, 2025, to elect four directors.

Summary

• The Taiwan Fund, Inc. is holding its Annual Meeting of Stockholders on April 11, 2025, at 9:00 a.m. Eastern time.
• The meeting will take place at the offices of Nomura Asset Management U.S.A. Inc. in New York.
• The primary purpose of the meeting is to elect four directors to serve for the upcoming year.
• The Board of Directors recommends that stockholders vote FOR the election of the proposed directors.
• Stockholders are urged to vote by telephone, internet, or by mailing in the provided proxy card.
• The record date for determining stockholders eligible to vote is February 18, 2025.
• As of the record date, there were 6,393,874 shares of common stock outstanding.
• The proxy statement and related materials are available online.
• Stockholder proposals for the 2026 Annual Meeting must be received by October 31, 2025, for inclusion in the proxy statement.
• Stockholders wishing to bring a proposal to the 2026 meeting without including it in the proxy statement must provide written notice between January 11, 2026, and February 10, 2026.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. The recommendation to vote for the directors is a slightly positive element.

Positives

• The Board of Directors is actively engaged in overseeing the Fund's operations and risk management.
• The Fund has established key committees, including Audit, Nominating, Valuation, and Discount Management Committees, to ensure proper governance.
• The Audit Committee has reviewed the audited financial statements and recommended their inclusion in the annual report.
• Stockholders have multiple options for voting, including telephone, internet, and mail.

Risks

• The document mentions that not all risks can be identified or mitigated, and the Fund's ability to manage risk is subject to limitations.
• The Fund relies on third-party service providers, which introduces potential risks related to their performance and compliance.

Future Outlook

The document outlines the process for future stockholder proposals for the 2026 annual meeting.

Management Comments

• The Board of Directors recommends that you vote FOR the election of the four nominees for Director named in this Proxy Statement.

Industry Context

This is a standard proxy statement for a registered investment company, outlining the election of directors and other governance matters.

Comparison to Industry Standards

• The structure and content of this proxy statement are consistent with industry standards for registered investment companies.
• The director compensation and committee structures appear typical for a fund of this type.
• The outlined processes for stockholder proposals align with SEC regulations and industry best practices.

Stakeholder Impact

• The election of directors will impact the governance and oversight of the Fund, which affects shareholders.
• The Fund's performance and management decisions ultimately impact shareholder value.

Next Steps

• Stockholders need to vote on the election of directors by April 11, 2025.
• The Board will hold the Annual Meeting on April 11, 2025.
• The Fund will prepare for the 2026 Annual Meeting, including receiving and processing stockholder proposals.

Key Dates