The New Ireland Fund (IRL), Inc. Declares Annual Distributions
The New Ireland Fund, Inc. has announced an annual short-term capital gain distribution of $0.0675 per share and an annual long-term capital gain distribution of $0.2377 per share.
Sentiment and the balance of points
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Rhea-AI Summary
The New Ireland Fund, Inc. has announced an annual short-term capital gain distribution of $0.0675 per share and an annual long-term capital gain distribution of $0.2377 per share. These distributions will be paid in cash on December 30, 2020, to stockholders of record on December 18, 2020. The shares will trade 'ex-dividend' on December 17, 2020. The Fund focuses on long-term capital appreciation through investments primarily in Irish equity securities and is managed by KBI Global Investors, a subsidiary of Amundi Asset Management.
Positive
- Annual short-term capital gain distribution of $0.0675 per share.
- Annual long-term capital gain distribution of $0.2377 per share.
- Distributions enhance stockholder returns.
- Managed by KBI Global Investors, linked to Amundi Asset Management.
Negative
- None.
Details
News Market Reaction – IRL
The recorded move for IRL in the trading session of this news was -1.29%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of The New Ireland Fund, Inc. (the "Fund") has declared an annual short-term capital gain distribution in the amount of
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 (800) 468-6475 or investor.query@newirelandfund.com
Website: www.newirelandfund.com
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