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PRESS
RELEASE
05/19/2006
The
New Ireland Fund Quarterly Portfolio Update
Boston, May
19, 2006 - The New Ireland Fund, Inc. today released its
Quarterly portfolio update as of April 30, 2006.
Investment Objective;
The New Ireland Fund, Inc., (N.Y.S.E. - IRL) a closed-end diversified
investment company, seeks long-term capital appreciation through
investment of at least 80% of its assets in a portfolio of Irish
securities.
| Sector
Breakdown as of April 30,2006 |
%
of Fund |
| Construction and
Building Materials |
32.24 |
| Financial |
20.20 |
| Food and Beverages |
13.69 |
| Other Assets |
7.31 |
| Health Care Services |
6.46 |
| Diversified Financial
Services |
4.75 |
| Business Services
|
4.44 |
| Transportation |
4.12 |
| Publishing &
News |
3.67 |
| Food
and Agriculture |
3.12 |
| Top
10 Holdings as of April 30,, 2006 |
Sector |
%
of Fund |
| CRH
PLC |
Construction
and Building Materials |
16.35% |
| Allied
Irish Banks PLC |
Financial |
15.98% |
| Kingspan
Group PLC |
Construction
and Building Materials |
8.23% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
8.14% |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
5.25% |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
4.75% |
| DCC
PLC |
Business
Services |
4.44% |
| FBD
Holdings PLC |
Financial |
4.22% |
| Ryanair Holdings
PLC |
Transportation |
4.12% |
| Independent News
& Media PLC |
Publishing
and News |
3.67% |
| Total Net
Assets: |
US $133,068,310 |
| Net Asset
Value: |
$ 28.62 |
| Market
Price: |
$ 26.36 |
| Prem/(Disc): |
(7.90)% |
The
New Ireland Fund Inc. is managed by Bank of Ireland Asset Management
(U.S.) Limited, an indirect wholly owned subsidiary of Bank of Ireland
Group.
Website:
newirelandfund.com
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