New Ireland Closed Fund (New Ireland Fund) 

The New Ireland Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. Under normal circumstances, the Fund invests approximately 80% of its total assets in Irish equity and fixed income securities. It focuses on investing approximately 65% of its total assets in equity securities of issuers organized under the laws of Ireland. It invests approximately 20% of its assets in other types of securities, including equity and debt securities of issuers from around the world. The Fund invests in various sectors, such as marine; food and staples retailing; construction materials; airlines; hotels, restaurants and leisure; commercial banks; building products, and food products. KBI Global Investors (North America) Ltd. is the investment advisor of the Fund.