DEF 14A: The Taiwan Fund, Inc. Announces Annual Meeting of Stockholders to Elect Directors

The Taiwan Fund, Inc. will hold its annual meeting on April 16, 2024, to elect five directors.

Summary

• The Taiwan Fund, Inc. is holding its Annual Meeting of Stockholders on April 16, 2024, in Lexington, MA.
• The primary purpose of the meeting is to elect five directors to serve for the upcoming year.
• The Board of Directors recommends that stockholders vote FOR the proposed slate of directors.
• Stockholders are encouraged to vote by telephone, internet, or mail to ensure a quorum.
• The record date for determining stockholders eligible to vote is February 23, 2024.
• As of the record date, there were 7,216,948 shares of common stock outstanding.
• The proxy statement and related materials are available online.
• The proxy solicitation is estimated to cost $5,000, plus out-of-pocket expenses.
• Stockholder proposals for the 2025 Annual Meeting must be received by November 5, 2024, for inclusion in the proxy statement.
• Stockholders wishing to bring a proposal without including it in the proxy statement must provide written notice between January 16, 2025, and February 15, 2025.

Sentiment

Score: 7

Explanation: The document is a standard corporate communication with a neutral to slightly positive tone, focused on procedural matters and board recommendations. The emphasis on stockholder participation and transparency contributes to the positive sentiment.

Positives

• The Board of Directors is actively soliciting proxies to ensure a quorum at the Annual Meeting.
• Stockholders have multiple convenient options for voting (telephone, internet, mail).
• The Fund provides clear instructions and deadlines for stockholders to submit proposals for the next annual meeting.
• The Audit Committee has reviewed the Funds audited financial statements for the fiscal year ended August 31, 2023, and recommended their inclusion in the annual report.

Future Outlook

The document outlines the process for the upcoming annual meeting and provides deadlines for stockholder proposals for the following year, indicating a focus on corporate governance and stockholder engagement.

Management Comments

• The Board of Directors recommends that you vote FOR the Proposal.
• Stockholders are strongly urged to vote by telephone, by Internet or by signing and mailing the enclosed proxy card.

Industry Context

This is a standard proxy statement for a closed-end investment fund, outlining the election of directors and providing information to stockholders to make informed voting decisions. It is typical for investment companies to hold annual meetings and solicit proxies from shareholders.

Comparison to Industry Standards

• The structure and content of this proxy statement are consistent with industry standards for registered investment companies.
• The disclosure of director qualifications, compensation, and security ownership aligns with SEC requirements.
• The process for stockholder proposals and communications is typical for publicly traded funds.
• The fund's approach to risk oversight, with reliance on third-party service providers and board committees, is a common practice in the investment management industry.

Stakeholder Impact

• Shareholders are directly impacted by the election of directors, as the board oversees the management and performance of the Fund.
• The outcome of the vote will determine the composition of the Board of Directors for the next year.
• The Fund's performance and governance practices affect shareholder value.

Next Steps

• Stockholders should review the proxy statement and vote on the election of directors.
• The Fund will hold its Annual Meeting on April 16, 2024.
• The Board will consider the results of the vote and take appropriate action.
• The Fund will prepare for the 2025 Annual Meeting, including soliciting stockholder proposals.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Board of Directors, Election of Directors, Taiwan Fund, Stockholders