The New Ireland Fund
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
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.
The New Ireland Fund, Inc has implemented a Managed Distribution Policy to provide shareholders with a stable quarterly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. The Board has determined that the current annual rate for fiscal 2015 will be 8% per annum. This distribution is paid quarterly. The distribution rate is not representative of dividend yield or the total return of the Fund.
PERFORMANCE Friday, April, 24th 2015
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.
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.
Corporate Governance is an ongoing commitment shared by the Board of Directors and by Management.
The Chairman of the Fund is independent of the Fund management. At least 75% of the Board is made up of Directors who are independent of the Fund's investment advisor. The Board of Directors meets quarterly and each Director endeavors to attend each meeting.
HOW TO INVEST
The New Ireland Fund, Inc. is listed on the New York Stock Exchange, so investors can buy through brokers using the following symbols: