The Taiwan Fund, Inc. (NYSE: TWN) announced its third-quarter earnings, highlighting a net asset value $(NAV)$ per share of $46.82 as of May 31, 2025, reflecting an increase of $1.10 per share from the $45.72 reported on February 28, 2025. The Fund's share price on the New York Stock Exchange was $37.77, representing a 19.33% discount to NAV, up from the $37.24 price and 18.55% discount recorded at the end of February 2025. For the three-month period ended May 31, 2025, the Fund achieved a total return of 2.41% based on the change in its NAV, surpassing the TAIEX Total Return Index's 1.66% return in US$ terms. The Fund reported net realized gains of $1.15 million on investments and foreign currency transactions, and an increase in net unrealized appreciation of $3.63 million. Net investment income for the same period was $0.29 million. The Fund is a diversified closed-end investment company focusing on long-term capital appreciation through equity securities listed on the Taiwan Stock Exchange.