{"id":744296,"date":"2023-03-31T09:08:39","date_gmt":"2023-03-31T13:08:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-new-ireland-fund-inc-issues-liquidating-distribution\/"},"modified":"2023-03-31T09:08:39","modified_gmt":"2023-03-31T13:08:39","slug":"the-new-ireland-fund-inc-issues-liquidating-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-new-ireland-fund-inc-issues-liquidating-distribution\/","title":{"rendered":"The New Ireland Fund, Inc. Issues Liquidating Distribution"},"content":{"rendered":"
\n

BOSTON, March 31, 2023 (GLOBE NEWSWIRE) — The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”) completed its liquidation today consistent with its Plan of Liquidation previously approved by the Fund\u2019s stockholders on January 5, 2023. Accordingly, on March 31, 2023, the Fund returned to its stockholders as a liquidating distribution in cash the Fund\u2019s net asset value per share of $10.43. As previously announced, the Fund had fixed the close of business on February 28, 2023 as the date for determining the stockholders of the Fund entitled to receive liquidating distributions.<\/p>\n

Stockholders may recognize gain or loss for U.S. tax purposes as a result of the Fund\u2019s liquidation. Stockholders should consult a professional tax advisor regarding their specific tax situation.<\/p>\n

KBI Global Investors (North America) Ltd is a wholly owned subsidiary of KBI Global Investors Ltd. based in Dublin, Ireland. KBI Global Investors Ltd. is majority owned by Amundi Asset Management, Europe\u2019s largest asset manager by assets under management.<\/p>\n

For further information, please contact the Fund at 1-800-468-6475 or investor.query@newirelandfund.com<\/u><\/a><\/p>\n

Website: www.newirelandfund.com<\/u><\/a><\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

BOSTON, March 31, 2023 (GLOBE NEWSWIRE) — The New Ireland Fund, Inc. (NYSE: IRL) (the “Fund”) completed its liquidation today consistent with its Plan of Liquidation previously approved by the Fund\u2019s stockholders on January 5, 2023. Accordingly, on March 31, 2023, the Fund returned to its stockholders as a liquidating distribution in cash the Fund\u2019s net asset value per share of $10.43. As previously announced, the Fund had fixed the close of business on February 28, 2023 as the date for determining the stockholders of the Fund entitled to receive liquidating distributions. Stockholders may recognize gain or loss for U.S. tax purposes as a result of the Fund\u2019s liquidation. Stockholders should consult a professional tax advisor regarding their specific tax … <\/p>\n

Continue reading “The New Ireland Fund, Inc. Issues Liquidating Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744296","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe New Ireland Fund, Inc. Issues Liquidating Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-new-ireland-fund-inc-issues-liquidating-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Ireland Fund, Inc. 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