Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
7/5/2022
1. NAME OF REPORTING PERSON
Bulldog Investors, LLP
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
_______________________________________________________
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
_______________________________________________________
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
3,315
8. SHARED VOTING POWER
324,662
9. SOLE DISPOSITIVE POWER
3,315
_______________________________________________________
10. SHARED DISPOSITIVE POWER
324,662
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
327,977 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.39%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of Taiwan Fund Inc. ("TWN" or the "Issuer").
The principal executive offices of TWN are located at
One Lincoln Street
Boston, MA 02111
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLP (a Delaware
Limited Liability Partnership), Phillip Goldstein, and Andrew Dakos.
(b) The business address of the reporting persons is Park 80 West-Plaza Two,
250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLP is a registered investment adviser.
Messrs. Goldstein and Dakos are partners of Bulldog
Investors,LLP.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein and Dakos is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of clients of
Bulldog Investors,LLP.
ITEM 4. PURPOSE OF TRANSACTION
On May 17, 2022, the Fund announced that, as a result of the Fund's
investment adviser pleading guilty to one count of securities fraud, the
Board of Directors is seeking to hire a replacement adviser. The filing
persons intend to communicate to the Board and other stockholders their
belief that, in connection with a change of advisers, stockholders should
be afforded an opportunity to monetize their investment via a self-tender
offer at a price close to net asset value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on 05/04/2022 there were 7,470,494 shares of
common stock outstanding as of 02/28/2022. The percentages set forth
herein were derived using such number. Phillip Goldstein and Andrew Dakos
own Bulldog Investors, LLP, a registered investment advisor.
As of July 5, 2022 Bulldog Investors, LLP is deemed to be the beneficial
owner of 327,977 shares of TWN (representing 4.39% of TWN's outstanding
shares) solely by virtue of Bulldog Investors LLP's power to direct the
vote of,and dispose of, these shares.
(b)Bulldog Investors,LLP has sole power to dispose of and vote 3,315 shares.
Bulldog Investors, LLP has shared power to dispose of and vote 324,662
shares. Certain of Bulldog Investors, LLP's clients (none of whom
beneficially own more than 5% of TWN's shares) share this power with
Bulldog Investors, LLP.
c) During the past 60 days the following shares of TWN were bought.
Date Shares Price
6/29/2022 6,692 25.8484
6/28/2022 18,328 25.9689
6/27/2022 2,397 26.1238
6/16/2022 4,662 25.7966
6/8/2022 3,502 27.9645
6/7/2022 100 28.0300
6/6/2022 11,588 28.0805
6/4/2022 4,784 27.9989
6/2/2022 5,548 28.4903
6/1/2022 2,803 28.3561
5/31/2022 4,147 28.2575
5/19/2022 7,625 27.0815
5/18/2022 1,966 26.9004
5/17/2022 4,414 26.9868
d) Clients of Bulldog Investors, LLP are entitled to receive any
dividends or sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 7/6/2022
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
Bulldog Investors, LLP
By: /s/ Andrew Dakos
Andrew Dakos, Partner
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
Exhibit A:
Agreement to Make Joint Filing
Agreement made as of the 6th day of July, 2022, by and among
Bulldog Investors, LLP, Phillip Goldstein and Andrew Dakos.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides
that whenever two or more persons are required to file a statement containing
the information required by Schedule 13D with respect to the same securities,
only one such statement need be filed, so long as, among other things, such
filing includes as an exhibit an agreement among such persons that such a
statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of Taiwan Fund, Inc. (TWN),
each of the parties to this Agreement is required to file a statement
containing the information required by Schedule 13D with respect to the
same holdings of TWN;
NOW THEREFORE, the parties hereby agree that one statement containing the
information required by Schedule 13D shall be filed on behalf of each party
hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos
Phillip Goldstein Andrew Dakos
BULLDOG INVESTORS, LLP
By:/s/ Andrew Dakos
Andrew Dakos, Partner