<SEC-DOCUMENT>0001752724-20-222543.txt : 20201102
<SEC-HEADER>0001752724-20-222543.hdr.sgml : 20201102
<ACCEPTANCE-DATETIME>20201102151146
ACCESSION NUMBER:		0001752724-20-222543
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200831
FILED AS OF DATE:		20201102
DATE AS OF CHANGE:		20201102
EFFECTIVENESS DATE:		20201102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIWAN FUND INC
		CENTRAL INDEX KEY:			0000804123
		IRS NUMBER:				042942862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04893
		FILM NUMBER:		201280173

	BUSINESS ADDRESS:	
		STREET 1:		ONE LINCOLN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111
		BUSINESS PHONE:		1-877-217-9502

	MAIL ADDRESS:	
		STREET 1:		ONE LINCOLN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <registrantstate>US-MA</registrantstate>
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        <website webpage="www.thetaiwanfund.com"/>
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          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>1 Lincoln Street</officeAddress1>
          <officeCity>Boston</officeCity>
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          <officePhone>617-786-3000</officePhone>
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          <ccoName>Patrick J. Keniston</ccoName>
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          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
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      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
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      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
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        <publicAccountant>
          <publicAccountantName>Tait, Weller &amp; Baker LLP</publicAccountantName>
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            <securitiesAgentName>State Street Bank and Trust Company</securitiesAgentName>
            <securitiesAgentLei>571474TGEMMWANRLN572</securitiesAgentLei>
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                <idemnityProvider idemnityProviderName="N/A" idemnityProviderLei="N/A"/>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
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          <investmentAdviser>
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        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
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      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Taiwan Fund, Inc.</securityClassTitle>
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            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="TWN"/>
          </commonStocks>
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      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
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      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>0.59000000</managementFee>
      <netOperatingExpenses>1.43000000</netOperatingExpenses>
      <marketPricePerShare>23.65000000</marketPricePerShare>
      <netAssetValuePerShare>28.79000000</netAssetValuePerShare>
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    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
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    <signature registrantSignedName="TAIWAN FUND INC" signedDate="2020-10-30" signature="Monique Labbe" title="Treasurer and Principal Financial Officer"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
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ARTICLES OF MERGER
MERGING
THE TAIWAN FUND, INC.
(a Delaware corporation)
WITH AND INTO
THE TAIWAN FUND, INC.
(a Maryland corporation)
THIS IS TO CERTIFY THAT:
FIRST: Each of The Taiwan Fund, Inc., a Delaware
corporation ("Taiwan-Delaware"), and
The Taiwan Fund, Inc., a Maryland corporation
("Taiwan-Maryland"), does hereby agree to effect a
merger (the "Merger") of Taiwan-Delaware with and
into Taiwan-Maryland, upon the terms and
conditions set forth herein and as contemplated by the
Agreement of Merger, dated as of March 11, 2020,
by and between Taiwan-Delaware and Taiwan-Maryland
(the "Merger Agreement").
SECOND: The Merger shall become effective on April
22, 2020 at 1:00 p.m. (the "Effective
Time").
THIRD: Taiwan-Maryland shall survive the Merger as
the successor corporation (the
"Surviving Corporation") and shall continue as a
corporation of the State of Maryland. The name of the
Surviving Corporation shall continue to be The Taiwan
Fund, Inc.
FOURTH: Taiwan-Delaware was incorporated under the
general laws of the State of Delaware
on October 9, 1986. Taiwan-Delaware owns no interest
in land in the State of Maryland and is not registered
or qualified to do business in Maryland.
FIFTH: Taiwan-Maryland is a corporation formed under
the laws of the State of Maryland.
The principal office of Taiwan-Maryland is located in
Baltimore City. Taiwan-Maryland owns no interest
in land in the State of Maryland.
SIXTH: The terms and conditions of the transaction
described in these Articles of Merger were
duly advised, authorized and approved by each
corporation party to these Articles of Merger in the
manner
and by the vote required by its charter or certificate of
incorporation, as applicable, and the laws of the State
of Maryland or Delaware, as applicable. The manner of
approval was as follows:
(a) The board of directors of Taiwan-Delaware, acting
by unanimous written
consent, declared the Merger advisable on substantially
the terms and conditions set forth in the Merger
Agreement and directed that the Merger be submitted for
consideration at an annual meeting of Taiwan-
Delaware's stockholders; subsequently the stockholders
of Taiwan-Delaware, at a special meeting of the
stockholders, approved the Merger.
(b) The board of directors of Taiwan-Maryland, acting
by unanimous written
consent, declared the Merger advisable on substantially
the terms and conditions set forth in the Merger
Agreement and approved the Merger. The sole
stockholder of Taiwan-Maryland, acting by unanimous
consent, approved the Merger.
750815-4-63-v1.0 - 2- 80-20654365
SEVENTH: No amendment is made to the charter of the
Surviving Corporation in the Merger.
EIGHTH:
(a) Immediately prior to the Effective Time, the total
number of shares of all
classes of capital stock which Taiwan-Delaware had the
authority to issue pursuant to its certificate of
incorporation was 20,000,000 shares of common stock,
par value $0.01 per share ("Taiwan-Delaware
Common Stock"). The aggregate par value of all
authorized shares of Taiwan-Delaware's capital stock
having par value was $200,000.
(b) Immediately prior to the Effective Time, the total
number of shares of all
classes of capital stock which Taiwan-Maryland had the
authority to issue pursuant to its charter was
20,000,000 shares of common stock, par value $0.01 per
share ("Taiwan-Maryland Common Stock").
The aggregate par value of all authorized shares of
Taiwan-Maryland's capital stock having par value was
$200,000.
NINTH: At the Effective Time, Taiwan-Delaware shall
be merged with and into Taiwan-
Maryland with Taiwan-Maryland surviving the Merger
as the surviving corporation; and thereupon the
separate corporate existence of Taiwan-Delaware will
cease, Taiwan-Maryland shall possess any and all
powers of Taiwan-Delaware, and all leases, licenses,
property, rights, privileges and powers of whatever
nature and description of Taiwan-Delaware shall be
transferred to, vested in and devolved upon Taiwan-
Maryland without further act or deed and Taiwan-
Maryland shall be liable for all of the debts, liabilities,
duties and obligations of Taiwan-Delaware.
Consummation of the Merger at the Effective Time shall
have
the effects set forth in Section 3-114 of the Maryland
General Corporation Law.
TENTH: The manner and basis of converting or
exchanging issued stock of the merging
corporations at the Effective Time, and the treatment of
any issued stock of the merging corporation not to
be exchanged or converted, is as set forth below and as
more fully set forth in the Merger Agreement:
(a) Each issued and outstanding share of common stock
of Taiwan-Delaware at
the Effective Time shall, without the necessity of any
action on the part of the holder thereof, be converted
into and become one fully paid and nonassessable share
of common stock of the Surviving Corporation.
(b) From and after the Effective Time, each outstanding
certificate which prior
thereto represented shares of common stock of Taiwan-
Delaware shall be deemed for all corporate purposes
to evidence the ownership of the number of shares of
common stock of the Surviving Corporation into
which such shares have been so converted as provided in
clause (a) above.
(c) From and after the Effective Time, the outstanding
shares of common stock of
Taiwan-Maryland issued and outstanding immediately
prior to the Effective Time shall be cancelled and
no consideration shall be issued in exchange therefor.
ELEVENTH: At the Effective Time, the directors of the
Surviving Corporation will be:
William C. Kirby
Anthony S. Clark
Thomas G. Kamp
Warren J. Olsen
Shelley E. Rigger
750815-4-63-v1.0 - 3- 80-20654365
TWELFTH: Each of the undersigned acknowledges
these Articles of Merger to be the act and
deed of the respective corporation on behalf of which he
or she has signed, and further, as to all matters or
facts required to be verified under oath, each of the
undersigned acknowledges that, to the best of his or her
knowledge, information and belief, those matters and
facts relating to the corporation on whose behalf he
or she has signed are true in all material respects and that
this statement is made under the penalties for
perjury.
THIRTEENTH: These Articles of Merger may be
executed in multiple counterparts, with
multiple signature pages, each bearing one or more
signatures, but all such counterparts and multiple
signature pages shall constitute one and the same
instrument.
[Signature Page Follows]
Signature page to Articles of Merger
IN WITNESS WHEREOF, the undersigned have
signed these Articles of Merger on this 21st day of
April, 2020.
ATTEST:
/s/ Brian F. Link
Name: Brian F. Link
Title: Secretary

THE TAIWAN FUND, INC.
By: /s/ Thomas Fuccillo
Name: Thomas Fuccillo
Title: President

ATTEST:
/s/ Brian F. Link
Name: Brian F. Link
Title: Secretary

THE TAIWAN FUND, INC.
By: /s/ Thomas Fuccillo
Name: Thomas Fuccillo
Title: President

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<FONT size=7 face="Times New Roman,Times New Roman,Times,serif">Delaware</FONT></TD>
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<FONT size=5 face="Times New Roman,Times New Roman,Times,serif">The First State</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT size=2 face="CourierNewPS-BoldItalicMT,Courier New,Courier,monospace">I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF MERGER, WHICH MERGES:</FONT></I></B></P>
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<B><I><FONT size=2 face="CourierNewPS-BoldItalicMT,Courier New,Courier,monospace">"THE TAIWAN FUND, INC.", A DELAWARE CORPORATION,</FONT></I></B></P>
<P style="text-align: left;">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT size=2 face="CourierNewPS-BoldItalicMT,Courier New,Courier,monospace">WITH AND INTO "THE TAIWAN FUND, INC." UNDER THE NAME OF &#147;THE TAIWAN FUND, INC.&#148;, A CORPORATION ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF MARYLAND, AS RECEIVED AND FILED IN THIS OFFICE ON THE TWENTY-FIRST DAY OF MAY, A.D. 2020, AT 11:09</FONT></I></B></P>
<P style="text-align: left;">
<B><I><FONT size=2 face="CourierNewPS-BoldItalicMT,Courier New,Courier,monospace">O`CLOCK A.M.</FONT></I></B></P>
<P style="text-align: left;">
<U><FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">/s/ Jeffrey W. Bullock, Secretary of State</FONT></U></P>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">7981245 8100</FONT></TD>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">M</FONT></TD>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">Authentication:202978329</FONT></TD>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">SR# 20204322275</FONT></TD>
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&nbsp;</TD>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">Date: 05-22-20</FONT></TD>
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<FONT size=2 face="Calibri,Arial,Helvetica,sans-serif">You may verify this certificate online at corp.delaware.gov/authver.shtml</FONT></TD>
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	<TD width=46%><P><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">S</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">t</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">a</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">te </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">o</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">f D</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">elaware S</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">e</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">cretary of </FONT><FONT color="#3b363f" size=1 face="Times New Roman,Times New Roman,Times,serif">State </FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">Di</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">v</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">i</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">sio</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">n </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">of Cor</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">p</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">o</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">r</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">at</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">i</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">ons</FONT></P>
<P><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">De</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">li</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">vered </FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">11</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">:09 AM 0</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">5</FONT><FONT color="#8c8589" size=1 face="Times New Roman,Times New Roman,Times,serif">/</FONT><FONT color="#3b363f" size=1 face="Times New Roman,Times New Roman,Times,serif">21/2020 </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">FILE</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">D 11 </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">:0</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">9 </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">AM 05/21/2020 S</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">R </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">20204</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">3</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">22275 </FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">- </FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">F</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">ile</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">N</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">um</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">b</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">e</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">r21039</FONT><FONT color="#050505" size=1 face="Times New Roman,Times New Roman,Times,serif">9</FONT><FONT color="#26212d" size=1 face="Times New Roman,Times New Roman,Times,serif">4</FONT></P>
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	<TD width=53% colspan=1><P><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CERTIFICATE OF MERGER</FONT></B></P>
<P><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">OF</FONT></B></P>
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<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">THE TAIWAN FUND, INC.</FONT></B><BR>
<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(a Delaware corporation)</FONT></B><BR>
<BR>
<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">WITH AND INTO</FONT></B><BR>
<BR>
<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">THE TAIWAN FUND, INC.</FONT></B><BR>
<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(a Maryland corporation)</FONT></B></P>
<P style="text-align: center;">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">Pursuant to Title 8, Section 252 of the Delaware General Corporation Law (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"DGCL"), </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">the undersigned surviving corporation, The Taiwan Fund, Inc., a Maryland corporation (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"Corporation"), </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">executed the following Certificate ofMerger:</FONT></P>
<P style="text-align: left;">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FIRST: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The names and states of incorporation of the constituent corporations (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"Constituent Corporations") </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">of the merger (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"Merger") </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">are as follows: The Taiwan Fund, Inc., a Maryland corporation, and The Taiwan Fund, Inc. a Delaware corporation (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"Merging Corporation").</FONT></B></P>
<P style="text-align: left;">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECOND: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The Agreement of Merger (the </FONT><B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">"Merger Agreement"), </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">dated as of March </FONT><B><FONT color="#050505" size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">11, </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">2020, by and between the Corporation and the Merging Corporation, setting forth the terms and conditions of the Merger, has been approved, adopted, certified, executed and acknowledged by each of the Constituent Corporations pursuant to Title 8, Section 252 of the DGCL.</FONT></P>
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<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">TIDRD: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The name of the surviving</FONT><BR>
<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">Maryland corporation.</FONT></P>
<P style="text-align: left;">
<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">corporation</FONT></P>
<P style="text-align: left;">
<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">is The</FONT></P>
<P style="text-align: left;">
<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">Taiwan</FONT></P>
<P style="text-align: left;">
<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">Fund, Inc., a</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FOURTH: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The Articles of Incorporation of the surviving corporation shall be its Articles oflncorporation.</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FIFTH: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The Merger is to become effective on April 22, 2020 for accounting purposes only.</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SIXTH: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The executed Merger Agreement is on file at an office of the Corporation, c/o State Street Bank and Trust Company, P.O. Box 5049, One Lincoln Street, Boston, Massachusetts 02111-5049, the place of business of the surviving corporation.</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SEVENTH: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">A copy of the executed Merger Agreement will be furnished by the surviving corporation on request, without cost, to any stockholder of either of the Constituent Corporations.</FONT></P>
<P style="text-align: left;">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT color="#050505" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EIGHT: </FONT></B><FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">The surviving corporation agrees that it may be served with process in the State of Delaware in any proceeding for enforcement of any obligation of the surviving corporation arising from this merger, including any suit or other proceeding to enforce the rights of any stockholders as determined in appraisal proceedings pursuant to the provisions of Section</FONT></P>
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<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">262 of the Delaware General Corporation laws, and irrevocably</FONT></TD>
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<FONT color="#050505" size=3 face="Times New Roman,Times New Roman,Times,serif">appoints the Secretary of State</FONT></TD>
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<FONT color="#030303" size=1 face="Times New Roman,Times New Roman,Times,serif">750815-4-64-vl.l</FONT></TD>
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<FONT color="#030303" size=3 face="Times New Roman,Times New Roman,Times,serif">of Delaware as its agent to accept </FONT><FONT color="#131313" size=3 face="Times New Roman,Times New Roman,Times,serif">services </FONT><FONT color="#030303" size=3 face="Times New Roman,Times New Roman,Times,serif">of process in any </FONT><FONT color="#131313" size=3 face="Times New Roman,Times New Roman,Times,serif">such </FONT><FONT color="#030303" size=3 face="Times New Roman,Times New Roman,Times,serif">suit or proceeding. The Secretary of State </FONT><FONT color="#131313" size=3 face="Times New Roman,Times New Roman,Times,serif">shall </FONT><FONT color="#030303" size=3 face="Times New Roman,Times New Roman,Times,serif">mail any </FONT><FONT color="#131313" size=3 face="Times New Roman,Times New Roman,Times,serif">such </FONT><FONT color="#030303" size=3 face="Times New Roman,Times New Roman,Times,serif">process to the surviving corporation at The Taiwan Fund, Inc., c/o State Street Bank and Trust Company, P.O. Box 5049, One Lincoln Street, Boston, Massachusetts 02111-5049.</FONT></P>
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<I><FONT color="#030303" size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">[Signature Page Follows]</FONT></I></P>
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<FONT color="#030303" size=1 face="Times New Roman,Times New Roman,Times,serif">750815-4-64-vl.l</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">IN </FONT><B><FONT color="#030303" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">WITNESS WHEREOF, </FONT></B><FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">the undersigned has caused this Certificate of Merger to be executed by its duly authorized officer this 21st day of April, 2020.</FONT></P>
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<B><FONT color="#030303" size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">THE TAIWAN FUND, INC.</FONT></B></P>
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<FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">By: </FONT><I><U><FONT color="#030303" size=2 face="Arial-ItalicMT,Arial,Helvetica,sans-serif">Isl </FONT></U></I><U><FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">Thomas Fuccillo</FONT></U><BR>
<FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">Name: Thomas Fuccillo</FONT><BR>
<FONT color="#030303" size=2 face="Times New Roman,Times New Roman,Times,serif">Title: President</FONT></P>
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<I><FONT color="#030303" size=1 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">Signature Page to Certificate o/Merger</FONT></I></P>
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<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>4
<FILENAME>NCEN_4095006114933653.txt
<TEXT>








REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM



To the Board of Directors
The Taiwan Fund, Inc.
Boston, Massachusetts

In planning and performing our audit of the financial
statements of the Taiwan Fund, Inc. (the "Fund"), as of
and for the year ended August 31, 2020, in accordance
with the standards of the Public Company Accounting
Oversight Board (United States), we considered their
internal control over financial reporting, including
control activities for safeguarding securities, as a basis
for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to
comply with the requirements of Form N-CEN, but not
for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over
financial reporting.   Accordingly, we express no such
opinion.

The management of the Fund is responsible for
establishing and maintaining effective internal control
over financial reporting.   In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of controls.
A company's internal control over financial reporting is
a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes
in accordance with generally accepted accounting
principles.   A company's internal control over financial
reporting includes those policies and procedures that (1)
pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting
principles, and that receipts and expenditures of the
company are being made only in accordance with
authorizations of management and directors of the
company; and (3) provide reasonable assurance
regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company's assets that
could have a material effect on the financial statements.

Because of inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements.   Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in
conditions, or that the degree of compliance with the
policies or procedures may deteriorate.

A deficiency in internal control over financial reporting
exists when the design or operation of a control does not
allow management or employees, in the normal course
of performing their assigned functions, to prevent or
detect misstatements on a timely basis.   A material
weakness is a deficiency, or combination of deficiencies,
in internal control over financial reporting, such that
there is a reasonable possibility that a material
misstatement of the company's annual or interim
financial statements will not be prevented or detected on
a timely basis.








Our consideration of the Fund's internal control over
financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose
all deficiencies in internal control that might be material
weaknesses under standards established by the Public
Company Accounting Oversight Board (United States).
However, we noted no deficiencies in the Fund's
internal control over financial reporting and its
operation, including controls for safeguarding securities,
which we consider to be material weaknesses, as defined
above, as of August 31, 2020.

This report is intended solely for the information and use
of management, Shareholders and Board of Directors of
the Taiwan Fund, Inc. and the Securities and Exchange
Commission, and is not intended to be and should not be
used by anyone other than these specified parties.





/s/TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania
October 27, 2020







To the Board of Directors
The Taiwan Fund, Inc.
Page Two

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