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BOSTON, March 12, 2018 -- Margaret Duffy, Chair of the Board of Directors (the “Board”) of The New Ireland Fund (NYSE:IRL) (the “Fund”), a closed-end investment company, will ring The Opening Bell® tomorrow morning at the New York Stock Exchange (“NYSE”). Sean Hawkshaw, CEO of the Fund’s investment adviser, Dublin-based asset manager KBI Global Investors (“KBIGI”), and Director and President of the Fund, will join Ms. Duffy in the bell ringing.
The Fund is celebrating its recent successful capital raise and the sustained economic recovery of Ireland. The Fund is the only actively managed closed-end registered investment company listed on the NYSE investing primarily in Irish equities.
The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. Since 2011, Ireland has been among the strongest growing economies in Europe, and its economic performance has outpaced the broader Eurozone.
Information about the Fund’s performance, holdings and distributions is available on the Fund’s website at www.newirelandfund.com.
The Fund is managed by KBI Global Investors (North America) Ltd. (“KBIGI”), a wholly owned subsidiary of KBI Global Investors Ltd. (based in Dublin, Ireland). KBI Global Investors Ltd. is majority owned by Amundi Asset Management, Europe’s largest asset manager by assets under management.
KBI Global Investors Ltd. is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the Financial Conduct Authority are available from KBI Global Investors Ltd. on request. KBIGI is registered as an investment adviser with the Securities and Exchange Commission and regulated by the Central Bank of Ireland.
Shares of closed-end investment companies frequently trade at a discount from their net asset value. The market price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below, or above their net asset value.
Contact Information:
The New Ireland Fund, Inc.
1-800-468-6475
