UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
The New Ireland Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
645673104
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(CUSIP Number)
Phillip Goldstein, Bulldog Investors
LLC, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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12/28/2020
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(Date of Event Which Requires Filing of This
Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e),
240-13d.1(f) or 240.13d-1(g), check the following box: [ ]
Note. Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies
are to be sent.
* The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided
in a prior cover page.
The information required
on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
SCHEDULE
13D
DATE
OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
12/28/20
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1.
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NAME
OF REPORTING PERSON
Bulldog
Investors, LLC
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2.
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CHECK
THE BOX IF MEMBER OF A GROUP
a [ ]
b [ ]
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3.
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SEC
USE ONLY
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4.
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SOURCE
OF FUNDS
WC
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5.
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
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6.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
DE
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7.
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SOLE
VOTING POWER
69,512
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8.
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SHARED
VOTING POWER
415,661
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9.
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SOLE
DISPOSITIVE POWER
69,512
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10.
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SHARED
DISPOSITIVE POWER
415,661
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11.
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AGGREGATE
AMOUNT OWNED BY EACH REPORTING PERSON
485,173 (Footnote 1)
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12.
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CHECK
IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[ ]
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13.
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PERCENT
OF CLASS REPRESENTED BY ROW 11
9.86%
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14.
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TYPE
OF REPORTING PERSON
IA
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1.
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NAME
OF REPORTING PERSON
Phillip
Goldstein
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2.
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CHECK
THE BOX IF MEMBER OF A GROUP
a [ ]
b [ ]
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3.
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SEC
USE ONLY
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4.
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SOURCE
OF FUNDS
WC
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5.
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
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6.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
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7.
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SOLE
VOTING POWER
69,512
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8.
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SHARED
VOTING POWER
415,661
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9.
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SOLE
DISPOSITIVE POWER
69,512
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10.
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SHARED
DISPOSITIVE POWER
415,661
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11.
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AGGREGATE
AMOUNT OWNED BY EACH REPORTING PERSON
485,173 (Footnote 1)
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12.
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CHECK
IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[ ]
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13.
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PERCENT
OF CLASS REPRESENTED BY ROW 11
9.86%
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14.
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TYPE
OF REPORTING PERSON
IN
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1.
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NAME
OF REPORTING PERSON
Andrew
Dakos
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2.
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CHECK
THE BOX IF MEMBER OF A GROUP
a [ ]
b [ ]
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3.
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SEC
USE ONLY
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4.
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SOURCE
OF FUNDS
WC
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5.
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
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6.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
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7.
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SOLE
VOTING POWER
69,512
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8.
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SHARED
VOTING POWER
415,661
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9.
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SOLE
DISPOSITIVE POWER
69,512
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10.
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SHARED
DISPOSITIVE POWER
415,661
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11.
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AGGREGATE
AMOUNT OWNED BY EACH REPORTING PERSON
485,173 (Footnote 1)
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12.
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CHECK
IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[ ]
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13.
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PERCENT
OF CLASS REPRESENTED BY ROW 11
9.86%
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14.
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TYPE
OF REPORTING PERSON
IN
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Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock of New Ireland
Fund ("IRL" or the "Issuer").
The principal executive offices of IRL are located at:
KBI GLOBAL INVESTORS (NORTH AMERICA) LTD
201 WASHINGTON ST. 36TH FLOOR
BOSTON MA 02108
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors, LLC
(a Delaware limited liability company), Phillip Goldstein, and Andrew Dakos.
(b) The business address of the reporting persons is Park 80 West-Plaza
Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors, LLC is a registered investment adviser. Messrs.
Goldstein and Dakos are members of Bulldog Investors, LLC.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein and Dakos is a citizen of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of Mr. Goldstein
and clients of Bulldog Investors, LLC.
ITEM 4. PURPOSE OF TRANSACTION
See Exhibit B - Letter to IRL Secretary.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on June 30, 2020, there were
4,918,806 shares of common stock outstanding as of April 30, 2020. The percentages set forth herein were derived using such
number. Phillip Goldstein and Andrew Dakos own Bulldog Investors, LLC, a registered investment advisor. As of January 6, 2020
Bulldog Investors, LLC is deemed to be the beneficial owner of 485,173 shares of IRL (representing 9.86% of IRL's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote of, and dispose of, these shares. These 485,173
shares of IRL include 69,512 shares (representing 1.41% of IRL's outstanding shares) that are beneficially owned by Mr.
Goldstein. All other shares included in the aforementioned 485,173 shares of IRL beneficially owned by Bulldog Investors LLC
(solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of Bulldog
Investors, LLC who are not members of any group. The total number of these "non-group" shares is 415,661 shares
(representing 8.45% of IRL's outstanding shares).
(b) Bulldog Investors, LLC has sole power to dispose of and vote
69,512 shares. Bulldog Investors, LLC has shared power to dispose of and vote 415,661 shares. Certain of Bulldog Investors, LLC's
clients (none of whom beneficially own more than 5% of IRL's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein
and Dakos are members of Bulldog Investors, LLC.
c) During the past 60 days the following shares of IRL were sought.
Date
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Shares
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Price
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1/6/2021
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3,665
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10.8749
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1/5/2021
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5,158
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10.6039
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1/4/2021
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3,427
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10.5218
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12/29/2020
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17,750
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10.4463
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12/28/2020
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14,400
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10.4517
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12/24/2020
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270
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10.1400
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12/22/2020
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14,990
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9.9200
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12/21/2020
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1,000
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9.8993
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12/18/2020
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1,055
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10.1500
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12/17/2020
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3,000
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10.1900
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12/9/2020
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5,000
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9.9900
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12/7/2020
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3,000
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10.0000
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12/1/2020
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1,000
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9.6000
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11/20/2020
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1,000
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9.3400
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11/6/2020
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88
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8.2000
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During the past 60 days the following shares of IRL were sold.
Date
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Shares
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Price
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12/22/2020
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(2,000)
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9.92
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d) Clients of Bulldog Investors, LLC are entitled to receive any
dividends or sales proceeds.
e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibits A & B
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and correct.
Dated: 1/7/21
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member
Footnote 1: The reporting persons disclaim beneficial ownership
except to the extent of any pecuniary interest therein.
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