The Taiwan Fund, Inc. announced earnings results for the first quarter ended November 30, 2012. For the quarter, the company announced gross investment income of $229,548 or $0.03 per share compared to $459,750 or $0.02 per share for the same period a year ago. Net investment loss was $676,496 or $0.08 per share compared to $1,005,536 or $0.05 per share for the same period a year ago.

Total realized and unrealized gain on investments was $1,634,952 or $0.19 per share compared to total realized and unrealized loss on investment of $73,790,651 or $3.97 per share for the same period a year ago. Net increase in net assets resulting from operations was $958,456 or $0.11 per share compared to net decrease in net assets resulting from operations of $74,796,187 or $4.03 per share for the same period a year ago. Net asset value per share was $17.36 as of the close of business on November 30, 2012.

The fund had a total return of 0.87% for the three months ended November 30, 2012, based on the change in its net asset value.