BOSTON, Dec. 13, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (the "Fund") has declared an annual long-term capital gain distribution in the amount of $0.2003 per share. The distribution will be paid in cash on December 30, 2022 to stockholders of record on December 23, 2022. The shares will trade "ex-dividend" on December 22, 2022.

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 non-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 investor.query@newirelandfund.com

Website: www.newirelandfund.com

The New Ireland Fund (IRL), Inc. Declares Annual Distributions