The New Ireland Fund, Inc. (the "Fund") was incorporated under the laws of the State of Maryland on December 14, 1989 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. The Fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. The Fund is designed for U.S. and other investors who wish to participate in the Irish securities markets.

In order to take advantage of significant changes that have occurred in the Irish economy over the past few years and to advance the Fund's investment objective, the investment strategy now has a bias towards Ireland's growth companies.

Under normal circumstances, the Fund will invest at least 80% of its total assets in equity and fixed income securities of Irish companies. To the extent that the balance of the Fund's assets is not so invested, it will have the flexibility to invest the remaining assets in non-Irish companies that are listed on a recognized stock exchange. The Fund may invest up to 25% of its assets in equity securities that are not listed on any securities exchange.

 

PERFORMANCE

Friday, February 3, 2012
Market Price
7.59
NAV
8.65
Prem/Disc
(12.25)
Net Assets ($mil)
54.415

 

Board of Directors and Officers

Investment Advisor

Annual Shareholder Meeting Proxy Materials

 

Fund specific data and performance are provided for informational purposes only and are not intended for trading purposes. The performance shown represents past performance and does not guarantee future results. Current performance may be higher or lower than the performance information shown. Fund returns are annualized for periods longer than one year. Fund returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Fund returns assume that dividends and capital gains distributions, if any, were reinvested.

  • Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding.
  • Market Price is the price at which the Fund's shares are traded on an exchange. Because closed-end fund shares trade on an exchange based on investor demand, the Fund's shares may trade at a price higher or lower than the Fund's NAV. Consequently, a shareholder may be unable to realize the full NAV of the shareholder's shares when the shares are sold.
An investment in the Fund's shares represents an indirect investment in the securities owned by the Fund. The value of these securities, like other market investments, may move up or down, sometimes unpredictably. At any point in time, Fund shares may be worth less than a shareholder's original investment, even after taking into account the reinvestment of Fund dividends and/or distributions.

An investment in the Fund is subject to investment risk, including the possible loss of the entire principal amount invested in the Fund. The Fund is a non-diversified, closed-end investment company under the Investment Company Act of 1940 and focuses its investments in a single country, thereby increasing its vulnerability to developments in that country. Investing in foreign securities presents certain risks not associated with domestic investments, such as currency fluctuation and political and economic changes and market risks. This may result in greater share volatility.

Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank.



Shareholders may obtain a hard copy of the Fund's complete audited financial statements free of charge upon request. This may be done by writing to the Fund at:

The New Ireland Fund, Inc
c/o BNY Mellon Center
One Boston Place
201 Washington Street, 34th Floor
Boston, MA 02109

Or contacting the Fund at 1-800-GO-TO-IRL ( 1-800-468-6475)

 

 

 

 

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