NEW Ireland Fund INC: insider trades · United States · SEC (Form 4)

About NEW Ireland Fund INC

The New Ireland Fund, Inc. is a U.S.-domiciled listed investment company that historically provided a dedicated equity exposure to Ireland. The fund was incorporated in Maryland on December 14, 1989 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940. Its operating address has been reported in Boston, Massachusetts, United States, at One Boston Place / 201 Washington Street, 36th Floor. For international equity investors, this is best understood not as an operating company with products and services, but as a publicly traded market vehicle listed on the NYSE in the United States and built around a specific country allocation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/858707/000119312512285224/d327688dncsrs.htm)) The fund’s core investment objective has been long-term capital appreciation through investment primarily in Irish companies. Under normal circumstances, it has sought to invest at least 80% of total assets in equity and fixed-income securities of Irish issuers, while retaining flexibility to allocate a portion of assets to non-Irish companies listed on recognized exchanges and, within limits, to securities not listed on an exchange. That framework made the fund a niche country strategy rather than a broad global equity product, with a portfolio designed to capture Ireland’s growth companies, selected blue chips, and, when appropriate, complementary European opportunities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/858707/000119312512285224/d327688dncsrs.htm)) From a competitive standpoint, The New Ireland Fund occupied a specialized corner of the closed-end fund universe. Its differentiator was concentrated exposure to Ireland, a relatively small but investable market known for its open economy, multinational footprint, and presence in sectors such as technology, healthcare, and financial services. Closed-end funds of this type often trade at premiums or discounts to NAV, so distribution policy, share repurchases, and tender offers can be material to total return dynamics. Historical filings show the fund using a managed distribution policy and repurchasing shares from time to time, which is typical for a CEF seeking to support market pricing versus NAV. ([sec.gov](https://www.sec.gov/Archives/edgar/data/858707/000139834417016418/fp0029862_ncsr.htm)) The most important recent development is that the fund moved into liquidation and deregistration. In early 2026, the SEC issued an order under Section 8(f) declaring that The New Ireland Fund, Inc. had ceased to be an investment company, following an application filed in December 2025 and a notice issued in January 2026. The SEC materials also state that the fund made pro rata liquidating distributions to shareholders. For investors screening Form 4 insider activity or researching the ticker from a market-microstructure angle, this is a critical context point: the fund’s status is no longer that of a normal ongoing active closed-end portfolio, but of a vehicle that has effectively exited the investment-company regime. ([sec.gov](https://www.sec.gov/files/rules/icdereg/2026/ic-35996.pdf?utm_source=openai))