IRL News and Press, New Ireland Fund Inc From 06/22/21

The global economy has reached an important milestone in the second quarter of 2021, surpassing the pre-pandemic real GDP peak attained in the fourth quarter of 2019. After a 3.5% contraction in 2020, global real GDP is projected to increase 6.0% in 2021, its strongest advance since 1...

Both inflationary pressures and economic activity indicators are going through the roof in May, signaling a roaring run for 2Q 2021 growth. Manufacturing PMI for Ireland is up at 64.1 in May, compared to 60.8 in April. This is a historical high for the series, for the second month in ...

On Thursday, the U.S. Department of Treasury's Office of Tax Policy proposed a global minimum corporate tax rate of 15%, less than the 21% tax than the Biden administration has proposed that U.S. corporations pay on their overseas earnings.How does the 15% level compare with countries' curren...

BOSTON, May 18, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) announced today that, in accordance with its offer to purchase 25% of its issued and outstanding shares of common stock, an offer which expired on May 13, 2021, the Fund has accepted 1,213,300 shares for payment...

BOSTON, May 14, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) announced today the preliminary results of its tender offer, which expired at 11:59 p.m. Eastern Time on Thursday, May 13, 2021. The purchase price of properly tendered shares is 98% of the net asset v...

Ireland's PMIs have accelerated across all two key sectors of Services and Manufacturing in April, while the Construction Sector continued to post declining activity (through mid-April). Irish Manufacturing PMI rose from 57.1 in March to 60.8 in April as larger multinationals boosted ...

IRL has been one of my top investment calls so far in 2021. The fund has seen a surge in share price, primarily driven by a rights offering and share repurchase programs. Given the fund's steep discount to NAV, these programs were rewarding for shareholders. The Irish economy is s...

Nineteen out of 23 CEF sectors are positive on price and 21 out of 23 sectors positive on NAV last week. THW rights offering concludes and was undersubscribed. GUT's and CLM/CRF's rights offerings commentary. IRR will liquidate in another Saba victory, while IID was successful...

Large-cap stocks hit new highs on strong data with record highs set several times during the week and finished very strong rising 300 points on Friday. Discounts on taxable bond CEFs are now very close to NAV. My calculation (which adjusts for the massive premiums on the CLO funds) sh...

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...