IRL News and Press, New Ireland Fund Inc From 04/08/21

March services PMI came in at a surprising 54.6 - up on 41.2 in February and 36.2 in January. March Manufacturing PMI also performed well, rising to 57.1 from 52.0 in February. Irish economic activity is showing similar trend to global activity when it comes to inflationary pressu...

BOSTON, April 05, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”), a closed-end fund, announced today that the Fund’s Board of Directors has approved a cash tender offer for up to 25% of the Fund’s outstanding shares of common stock (...

Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...

BOSTON, March 04, 2021 (GLOBE NEWSWIRE) -- Noel O’Halloran, the Portfolio Manager of The New Ireland Fund (NYSE: IRL) (the “Fund”) and CIO of the Fund’s Investment Adviser, Dublin-based asset manager KBI Global Investors (“KBIGI”), is joined by Eoin...

Things aren’t getting better globally in terms of controlling the virus. Recent economic data has shown signs of the damage being wrought by the rise in COVID-19 infections. I expect markets to continue to move in expectations of a robust recovery later in 2021 when vaccine...

Ireland's Manufacturing PMI rose 52.2 in November to 57.2 in December, marking the third consecutive month of >50 readings. Services PMI also rose in December, reaching 50.1 from recessionary 45.4 in November. Official Composite PMI that accounts only for two sectors of activit...

After nine months of protracted negotiations, the EU and Britain went into the late hours of the night finalizing a historic post-Brexit trade deal, just a week before the U.K. would crash out of the bloc's single market.Sterling is up on the news, climbing 0.8% to $1.3598.The full legal text...

BOSTON, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (the "Fund") has declared an annual short-term capital gain distribution in the amount of $0.0675 per share and an annual long-term capital gain distribution in the amount of $0.2377 per share. Th...

IRL is a CEF focused on Irish securities. While this is a country that faces some important headwinds, I see value in this play. The fund trades at a discount to NAV in excess of 20%, which is quite substantial. While not an income play, I view this fund for its growth potential. ...

As the year is starting to wind down, I wanted to take an updated look at what distribution changes happened throughout the year. We had previously done this for a more specific time frame; the time frame of the pandemic to shortly after in June. Again, I'm surprised at how resili...