BOSTON, MA--(Marketwire - Sep 19, 2012) - The Board of Directors of The New Ireland Fund, Inc. (NYSE: [ IRL ]) (the "Fund") are very pleased to announce that their Fund Manager, Kleinwort Benson Investors International Ltd ("KBII"), has just been awarded the prestigious Investment Manager of the Year (Ireland) Award by World Finance magazine. KBII also continues its run of international success, lately winning several prestigious mandates from investors.

The New Ireland Fund sees this is as being very positive for the Fund as KBII only took over management of the Fund a little over 12 months ago and they believe that their strong record will be of benefit going forward.

Investment Objective; The New Ireland Fund, Inc., (NYSE: [ IRL ]), a closed-end diversified investment company, seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities.  IRL is the only U.S. listed closed-end fund that invests primarily in equity and fixed income securities of Irish companies. The Fund is managed by Kleinwort Benson Investors International Ltd., a subsidiary of Kleinwort Benson Investors Dublin Ltd. Up-to-date information, as well as monthly portfolio updates, are available on the Fund's website -- [ www.newirelandfund.com ]