News to Watch :The New Ireland Fund, Inc. (NYSE:IRL)

Shares of The New Ireland Fund, Inc. (NYSE:IRL) have been recently spotted trading -20.88% off of the 52-week high price. On the other end, the stock has been noted 1.70% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 10.62 – 13.65. Switching over to some distances from popular moving averages, we see that the stock has been recorded -3.45% away from the 50 day moving average and -9.44% away from the 200 day moving average. Moving closer, we can see that shares have been trading -0.89% off of the 20-day moving average.

The New Ireland Fund, Inc. (NYSE:IRL), a closed-end fund, announced that it will pay on September 28, 2018, a distribution of US $0.2890 per share to all shareholders of record as of September 21, 2018.

Your Fund’s distribution policy (the “Distribution Policy”) is to provide investors with a stable quarterly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.  The Board of Directors (the “Board”) has determined that the annual rate will be 8% per annum, payable in quarterly installments.  At its upcoming meeting in December, the Board intends to re-evaluate the level of the Fund’s managed distribution rate.

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”) and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.

The USA based company The New Ireland Fund, Inc. moved with change of 0.41% to $10.8 with the total traded volume of 6754 shares in recent session versus to an average volume of 14.28K. The stock was down in the 5 days activity -2.05%. The one month performance of stock was -1.51%. IRL shares are at -11.44% for the quarter and driving a -19.59% return over the course of the past year and is now at -11.72% since this point in 2018.  The average volatility for the week and month was at 0.84% 1.04% respectively.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for Email Contact -

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