The Board of Directors of The Taiwan Fund, Inc. declared capital gain and net investment income distributions in the estimated aggregate amount of $1.6991 per share. The capital gain portion of the distributions is comprised of long-term capital gains estimated at $0.1645 per share and short-term capital gains estimated at $0.0651 per share. The net investment income portion of the distributions is estimated to be $1.4695 per share. The distribution will be payable on January 10, 2020 to stockholders of record on December 30, 2019 with an ex-dividend date of December 27, 2019.