New Ireland Fund Inc

The New Ireland Fund, Inc. is a closed-end investment company. The Fund objective is to achieve long-term capital appreciation through investment in equity securities of Irish companies. The company was founded on December 14, 1989 and is headquartered in Boston, MA.

BOSTON, March 31, 2023 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the "Fund") completed its liquidation today consistent with its Plan of Liquidation previously approved by the Fund's stockholders on January 5, 2023. Accordingly, on March 31, 2023, the Fund returned to its stockholders as a liquidating distribution in cash the Fund's net asset value per share of $10.43. As previously announced, the Fund had fixed the close of business on February 28, 2023 as the date for determining the stockholders of the Fund entitled to receive liquidating distributions.

The New Ireland Fund, Inc. Issues Liquidating Distribution

BOSTON, Jan. 05, 2023 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the "Fund") announced today the results of the votes cast at the special meeting of stockholders held on January 5, 2023, where stockholders approved the liquidation and dissolution of the Fund pursuant to a Plan of Liquidation.

The New Ireland Fund, Inc. Announces Results of Special Meeting of Stockholders: Proposal to Liquidate and Dissolve the Fund is Approved

BOSTON, Dec. 13, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (the "Fund") has declared an annual long-term capital gain distribution in the amount of $0.2003 per share. The distribution will be paid in cash on December 30, 2022 to stockholders of record on December 23, 2022. The shares will trade “ex-dividend” on December 22, 2022.

The New Ireland Fund (IRL), Inc. Declares Annual Distributions

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16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

BOSTON, Oct. 26, 2022 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”) announced today that the Board of Directors of the Fund adopted a proposal to liquidate the Fund. Subject to stockholder approval of the plan of liquidation (the “Plan”) adopted by the Board, the Fund plans to sell its assets, discharge its liabilities and distribute the net proceeds to stockholders.

The New Ireland Fund, Inc. Announces Board Approval of Liquidation of the Fund

BOSTON, June 21, 2022 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”) announced today that at its Annual Meeting of Stockholders held on June 14, 2022, David Dempsey was re-elected as a Class II Director of the Fund for a three-year term expiring in 2025.

The New Ireland Fund (IRL), Inc. Announces Results of AGM

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba”), a meaningful shareholder of The New Ireland Fund (NYSE: IRL) (“IRL” or the “Fund”), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS”) has recommended IRL's shareholders vote for boardroom change on the GOLD proxy card. In particular, ISS recommends the addition of Saba's highly qualified and independent shareholder representative – Paul

ISS Recommends The New Ireland Fund's Shareholders Vote for Boardroom Change on Saba Capital's GOLD Proxy Card

BOSTON, March 01, 2022 (GLOBE NEWSWIRE) -- Noel O'Halloran, the Portfolio Manager of The New Ireland Fund, Inc (NYSE: IRL) (the “Fund”) and CIO of the Fund's Investment Adviser, Dublin-based asset manager KBI Global Investors (“KBIGI”), is joined by Eoin Fahy, Chief Economist of KBIGI, in a webinar where they provide an update on the Irish economy and the Irish Stock Exchange. In this update, they provide an overview and outlook of the Irish economy and discuss some key drivers for the Irish Stock market and how they may potentially positively impact the Fund.

The New Ireland Fund (IRL), Inc. - Webinar Update by the Fund's Investment Adviser

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20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

Weekly Closed-End Fund Roundup: December 26, 2021

BOSTON, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (the “Fund”) (NYSE: IRL) today announced that its Board of Directors has authorized the renewal of the Fund's share repurchase program. Pursuant to the Board's renewal of the share repurchase program, the Fund may repurchase up to 5% of its outstanding shares of common stock as of November 1, 2021, in the open market, until the Fund's fiscal year ending October 31, 2022. The share repurchase program seeks to enhance shareholder value, as repurchases made at a discount will have the effect of increasing the net asset value per share of the Fund's remaining shares.

The New Ireland Fund Announces Renewal of Share Repurchase Program

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For the tenth month running, equity CEFs on average posted positive returns, rising 1.43% on an NAV basis for August.

The Month In Closed-End Funds: August 2021

IRL holds Irish equities, and this exposure I think will continue to enhance my portfolio in 2022.

IRL: Finding Value Overseas In Ireland Through A Closed-End Fund

iShares MSCI Ireland ETF

Both inflationary pressures and economic activity indicators are going through the roof in May, signaling a roaring run for 2Q 2021 growth. Manufacturing PMI for Ireland is up at 64.1 in May, compared to 60.8 in April. This is a historical high for the series, for the second month in a row.

Ireland PMIs For May: Booming Growth And Inflation Signals

BOSTON, May 14, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) announced today the preliminary results of its tender offer, which expired at 11:59 p.m. Eastern Time on Thursday, May 13, 2021. The purchase price of properly tendered shares is 98% of the net asset value per share determined as of the close of the regular trading session of the New York Stock Exchange on May 14, 2021, which is equal to $14.78 per share.

The New Ireland Fund, Inc. - Tender Offer Update

Ireland's PMIs have accelerated across all two key sectors of Services and Manufacturing in April, while the Construction Sector continued to post declining activity (through mid-April). Irish Manufacturing PMI rose from 57.1 in March to 60.8 in April as larger multinationals boosted their activities and increased pass-through for inflation.

Ireland PMIs For April: Rapid Growth And Inflation Signals

IRL has been one of my top investment calls so far in 2021. The fund has seen a surge in share price, primarily driven by a rights offering and share repurchase programs. Given the fund's steep discount to NAV, these programs were rewarding for shareholders.

IRL: Still A Good Option For Irish Exposure

BOSTON, April 05, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”), a closed-end fund, announced today that the Fund's Board of Directors has approved a cash tender offer for up to 25% of the Fund's outstanding shares of common stock (“Shares”) at a price equal to 98% the Fund's net asset value (“NAV”) per Share, as determined by the Fund as of the close of the regular trading session on the New York Stock Exchange on the business day immediately following the expiration date of the tender offer. The commencement of the tender offer will be announced at a later date, but will be no later than Tuesday, April 20th, 2021. The Fund will repurchase Shares tendered and accepted in the tender offer in exchange for cash. In the event the tender offer is oversubscribed, Shares will be repurchased on a pro rata basis.

The New Ireland Fund, Inc. Announces Tender Offer

IRL is a CEF focused on Irish securities. While this is a country that faces some important headwinds, I see value in this play. The fund trades at a discount to NAV in excess of 20%, which is quite substantial.

IRL: Investing In Ireland At A Discount

The New Ireland Fund Announces Annual Meeting of Stockholders to be held Virtually

BOSTON, March  02, 2020  (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of February 28, 2020.

The New Ireland Fund, Inc. Monthly Portfolio Updated

BOSTON, Feb.  03, 2020  (GLOBE NEWSWIRE) -- New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of January 31, 2020.

The New Ireland Fund, Inc.  Monthly Portfolio Updated

BOSTON, Jan.  02, 2020  (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of December 31, 2019.

The New Ireland Fund, Inc. - Monthly Portfolio Updated

BOSTON, Dec.  20, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (NYSE: IRL) is pleased to announce that it has filed its Annual Report for the year ended October 31, 2019 with the SEC on Form N-CSR. A full copy of the Annual Report is available on the Fund's Website at: www.newirelandfund.com. Shareholders may also receive a hard copy of the Fund's complete audited financial statements free of charge upon request.   This may be done by emailing the Fund at  investor.query@newirelandfund.com  or writing to the Fund at:

The New Ireland Fund, Inc. files Annual Report

BOSTON, Dec.  12, 2019  (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”), a closed-end fund, today announced that its Board of Directors (the “Board”) determined that it is in the best interest of the Fund and its stockholders to suspend the Fund’s managed distribution policy (the “Policy”).  The suspension of the Policy does not impact the Fund’s investment objective of long-term capital appreciation through investment primarily in equity securities of Irish companies.  The Fund will distribute to shareholders, at least annually, substantially all of its net income from dividends and interest payments and expects to distribute substantially all of its net realized capital gains annually. 

The New Ireland Fund, Inc. Announces Suspension of Managed Distribution Policy

BOSTON, Dec.  03, 2019  (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of November 30, 2019.

News for New Ireland Fund Inc ETF (IRL)