Corporate R&D Spending Is at a Record High—With Chinese Firms Posting the Fastest Growth

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BOSTON, MA--(Marketwired - Jan 2, 2014) - 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, 2013 with the SEC on Form N-CSR. A full copy of the Annual Report is available on the Funds Website at: www.newirelandfund.com . Shareholders may also receive a hard copy of the Funds complete audited financial statements free of charge upon request. This may be done by writing to the Fund at: The New Ireland Fund, Inc. BNY Mellon Center One Boston Place 201 Washington Street, 34th Floor, Boston, MA 02109 At the Funds December Board Meeting, the Directors again reviewed its Discount Management Program and considered what further actions might be taken to enhance shareholder value and address the discount at which shares have tended to trade. As part of the Program, during the fiscal year, the Fund repurchased 122,026 shares, which amounted to 2.37% of the shares outstanding at October 31, 2012. The Program will continue to be reviewed on a quarterly basis. The New Ireland Fund, Inc., is a closed-end diversified investment company, listed on the New York Stock Exchange under the trading symbol IRL. The Fund, which seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities, invests primarily in equity and fixed income securities of Irish companies. The Fund is managed by Kleinwort Benson Investors International Ltd. Up to-date information, as well as monthly portfolio updates, are available on the Funds website - www.newirelandfund.com View comments
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