 BOSTON, April 05, 2021 GLOBE NEWSWIRE -- The New Ireland Fund, Inc. NYSE: IRL the Fund, a closed-end fund, announced today that the Funds Board of Directors has approved a cash tender offer for up to 25 of the Funds outstanding shares of common stock Shares at a price equal to 98 the Funds net asset value NAV per Share, as determined by the Fund as of the close of the regular trading session on the New York Stock Exchange on the business day immediately following the expiration date of the tender offer. The commencement of the tender offer will be announced at a later date, but will be no later than Tuesday, April 20th, 2021. The Fund will repurchase Shares tendered and accepted in the tender offer in exchange for cash. In the event the tender offer is oversubscribed, Shares will be repurchased on a pro rata basis. 