SOURCE: Taiwan Greater China Fund

June 16, 2008 15:34 ET

Taiwan Greater China Fund Announces That Institutional Shareholder Services Recommends Against Re-Opening

NEW YORK, NY--(Marketwire - June 16, 2008) - Taiwan Greater China Fund (NYSE: TFC), a diversified closed-end investment company listed on the New York Stock Exchange (the "Fund"), announced today that Institutional Shareholders Services (ISS), a prominent adviser to institutional shareholders with regard to how to vote their shares concerning proxy matters, supports the Board of Trustees' recommendation that shareholders vote against the conversion of the Fund from a closed-end investment management company to an open-end investment management company.

The Fund's Annual Meeting of Shareholders is scheduled to take place on June 24, 2008.

The Taiwan Greater China Fund is listed and publicly traded in the United States. The Fund is organized for investment in securities of Taiwan issuers by non-Taiwan investors and follows an investment strategy of primarily investing in Taiwan listed companies that derive or expect to derive a significant portion of their revenues from operations in or exports to mainland China.

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