BOSTON, MA -- (Marketwire) -- 03/29/12

The New Ireland Fund, Inc. (NYSE: IRL) has now released its Quarterly shareholder report as of January 31, 2012. A copy of this report is available on the fund's Website - www.newirelandfund.com.

The New Ireland Fund is a closed-end diversified investment company that seeks long-term capital appreciation through investing at least 80% of its assets in a portfolio of Irish securities. The Fund, which is managed by Kleinwort Benson Investors International Limited, is listed on the New York Stock Exchange under the trading symbol "IRL."

For further information, please contact:
New Ireland Fund
(800) 468-6475