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

BOSTON, June 21, 2022 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”) announced today that at its Annual Meeting of Stockholders held on June 14, 2022, David Dempsey was re-elected as a Class II Director of the Fund for a three-year term expiring in 202...

Brexit has been out of the news for some time... that is, until yesterday. Embattled U.K. Prime Minister Boris Johnson has announced his intention to override the so-called Northern Ireland Protocol, which sought to prevent a hard border being erected between the Republic of Ireland (part of ...

ISS, a Leading Independent Proxy Advisory Firm, Supports the Election of Aligned Shareholder Representative Paul Kazarian to the Board of Directors Saba Capital Management, L.P. (collectively with its affiliates, “Saba”), a meaningful shareholder of The New...

Four out of 24 CEF sectors positive on price and three out of 24 sectors positive on NAV last two weeks. SPE has an upcoming tender offer. GUT has a rights offering coming up. JPT tender offer and FTF rights offering completed. For further details see: Weekly Closed-...

New Ireland Fund (NYSE:IRL) declares an annual net investment income distribution of $0.0011/share, an annual short-term capital gain distribution of $0.2527/share and an annual long-term capital gain distribution of $2.0281/share. Payable Jan. 4; for shareholders of record Dec. 24; ex-div De...

The United Kingdom and European Union are back at the negotiating table today in an attempt to dodge a looming trade war. While Britain officially left the EU in January 2020, a number of hard-fought trade arrangements that have been inked since then have been criticized for disrupting trade....

For the tenth month running, equity CEFs on average posted positive returns, rising 1.43% on an NAV basis for August. While, for the sixth consecutive month, fixed income CEFs posted plus-side returns (+0.29%). Thirty-seven percent of all CEFs traded at a premium to their NAV, wit...

IRL holds Irish equities, and this exposure I think will continue to enhance my portfolio in 2022. The fund has a very high discount to NAV, despite an extremely strong return this calendar year. Irish banks are seeing their capital ratios improve, which is helping a couple of the...

We think inflation is likely to fall back, but we are more sensitive to upside risk than at the start of the year. Evidence of longer-term investment in more and more sectors continues to build. Flexibility and a tactical approach across the full range of credit markets has been a...

Record low real yields across the world betray an exceptional degree of macro angst. Or do they? Don’t look at rates in isolation. Other markets are fine. The tide of central bank purchases lifts all boats, and normal liquidity conditions will only return at the end of the ...