The New Ireland Fund, Inc. is a non-diversified, closed-end fund. The Fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. The Fund is designed for United States and other investors who wish to participate in the Irish securities markets. Generally, the Fund will invest at least 80% of its total assets in equity and fixed income securities of Irish companies. To the extent that the balance of the Fund's assets is not so invested, it will have the flexibility to invest the remaining assets in non-Irish companies that are listed on a recognized stock exchange. The Fund may invest up to 25% of its assets in equity securities that are not listed on any securities exchange. Kleinwort Benson Investors International Ltd is the investment adviser of the Fund.