Something for your "Watch List"

[xray]

IRL (NAV 9.91/MktPrc 13.55, discount -9.13% COB Yesterday).
 Many of us, at one time or another, had IRL in our portfolio's. Had a great 10+% dividend and was a consistent performer in both up/down markets. They, unfortunately, got rid of their distribution policy and many of us deleted IRL from both our current portfolio's and "watch list's"....
 I took notice that IRL is now paying out their CapGains and distributions "ANNUALLY" and we unfortunately didn't take notice (not on our watch list). Last year's EOY (end of year) payout was $2.538 (>20%). EOY's are "never" consistent but can vary from $0.00 to ?$?.?? . It is my belief (sole opinion of course) is that if we have a fair year this year, we should get a good EOY (10+%) this year. Add to this, that if income investors become aware (during this year) of IRL previous EOY, the MktPrc could increase in November (4th Qtr)....

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GlobeNewswire
The New Ireland Fund (IRL), Inc. Declares Annual Distributions
The New Ireland Fund, Inc.
December 14, 2021
In this article:

IRL
-1.50%

BOSTON, Dec. 14, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (the "Fund") has declared an annual net investment income distribution of $0.0011 per share, an annual short-term capital gain distribution in the amount of $0.2527 per share and an annual long-term capital gain distribution in the amount of $2.0281 per share. The distributions will be paid in cash on January 4, 2022 to stockholders of record on December 24, 2021. The shares will trade “ex-dividend” on December 22, 2021.
The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Investment Objective: The New Ireland Fund, Inc., (N.Y.S.E. - IRL) a closed-end diversified investment company, seeks long-term capital appreciation through investment primarily in equity securities of Irish securities.

The Fund is managed by KBI Global Investors (North America) Ltd, 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’s largest asset manager by assets under management.
The Fund is listed on the New York Stock Exchange under the ticker symbol - IRL. For further information, please contact the Fund at 1-800-468-6475 or [e-mail]
Website: www.newirelandfund.com

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Comment: I have "NOT" completed the required input data for the computer Data to fully understand all of their numb3rs....
Disclosure: Some of us have bought early (on 2/8) a entry position in IRL....

Live Long and Prosper....

[liftlock]

Feb 10, 2022 19:02:17 GMT xray said:

IRL (NAV 9.91/MktPrc 13.55, discount -9.13% COB Yesterday).

IRL is now paying out their CapGains and distributions "ANNUALLY" and we unfortunately didn't take notice (not on our watch list). Last year's EOY (end of year) payout was $2.538 (>20%). EOY's are "never" consistent but can vary from $0.00 to ?$?.?? . It is my belief (sole opinion of course) is that if we have a fair year this year, we should get a good EOY (10+%) this year. Add to this, that if income investors become aware (during this year) of IRL previous EOY, the MktPrc could increase in November (4th Qtr)....

Last year an activist investor group forced IRL to execute a tender offer to buy 25% of shares at 98% of NAV.  I suspect most of last year's 20% capital gain was the result of liquidating assets to raise cash for the tender offer.  Most likely a one-time event.

www.globenewswire.com/news-release/2021/05/18/2231704/0/en/The-New-Ireland-Fund-Inc-Announces-Final-Results-of-Tender-Offer.html

I have owned IRL since Oct 2020 and have a 33% gain on the shares I did not tender.  If CEF analyzer is correct the market price has been rising while the NAV is declining.   I would guess that most of the NAV decline is due the market sell off we are in.  I wonder if the Market Price remains strong because investors are viewing the 20% distribution as an ongoing thing.

cefanalyzer.com/app/quote/IRL/performance

[xray]

liftlock,
Your:
1... Last year an activist investor group forced IRL to execute a tender offer to buy 25% of shares at 98% of NAV. I suspect most of last year's 20% capital gain was the result of liquidating assets to raise cash for the tender offer. Most likely a one-time event.
www.globenewswire.com/news-release/2021/05/18/2231704/0/en/The-New-Ireland-Fund-Inc-Announces-Final-Results-of-Tender-Offer.html
2... I have owned IRL since Oct 2020 and have a 33% gain on the shares I did not tender. If CEF analyzer is correct the market price has been rising while the NAV is declining. I would guess that most of the NAV decline is due the market sell off we are in. I wonder if the Market Price remains strong because investors are viewing the 20% distribution as an ongoing thing.
cefanalyzer.com/app/quote/IRL/performance

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1... Keep in mind that many of us do not look in the rear view mirror (historical's) but analyze the current analysis situation. Sometimes historical's are useful when our indecision's occurs. With that said...
63% tendered their shares and IRL accepted 40% @ 14.78. Many of these investors have had this CEF for many years (IMHO) and took their CapGain (smart move considering that the market is at a all time high and has no place to go but to correct). I agree it was most likely a one-time event but the number of shares outstanding has been reduced considerably and thus IRL (good possibility) will become more volatile (and buyable). Currently, IRL, and other European Countries, are not considered a good current play with the market playing out like it is....

2... The current NAV is 12.47 with the MktPrc at 11.09. Some of us bought our early position at 10.49 since <11.00 was considered a good current market buy. Should the market continue to correct (as expected), the NAV (at substantial discount currently) should not go below 11.00 (looking at current analysis data). No guarantee's of course, since the market has a way of always surprising us. The 20% distribution "IS CONSIDERED A ONE TIME EVENT" but a >10% is not (IMHO). >10% distributions or >10% dividends for some of us are considered a very good ROI when investing in a security that appears to be undervalued (for the longer term)....

Thanks for your input....

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Live Long and Prosper....