SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
5/27/2011
1. NAME OF REPORTING PERSON
Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
329,617
8. SHARED VOTING POWER
91,929
9. SOLE DISPOSITIVE POWER
421,546
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
421,546
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.31%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of New Ireland Fund Inc.
("IRL" or the "Issuer").
The principal executive offices of IRL are located at
C/O PFPC Inc.
99 High Street, 27th FL
Boston, MA 02110
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors,
Brooklyn Capital Mangement, Phillip Goldstein,
60 Heritage Drive Pleasantville, NY 10570 a principal of Bulldog Investors
and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal
of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.
On January 31, 2007 the Acting Director of the Securities Division of the
Massachusetts Secretary of State filed a complaint against Bulldog Investors,
Messrs. Goldstein, Dakos and Samuels and certain related parties
(the Bulldog Parties) alleging that they violated Massachusetts law by
operating a website containing information about certain unregistered
investments and by sending an e-mail about such investments to an individual
who requested it. On March 23, 2007 the Bulldog Parties filed a lawsuit in
the Massachusetts Superior Court against the Secretary alleging that his
enforcement action violated 42 U.S.C. ss 1983 because, among other things,
it violated their First Amendment rights. On October 17, 2007 the Secretary
issued an "obey the law" cease and desist order (the Order) and fined the
Bulldog Parties $25,000. On November 15, 2007 the Bulldog Parties filed
an appeal of the Order in the Massachusetts Superior Court which subsequently
upheld the Order. The Bulldog Parties further appealed the Order to the
Massachusetts Appeals Court. On October 21, 2009 the Massachusetts Supreme
Judicial Court (the SJC) unilaterally transferred the case to itself and on
July 2, 2010 upheld the Order except for the Bulldog Parties' First
Amendment claim which it ruled must be decided in the appeal of the
aforementioned ss 1983 lawsuit. In the ss 1983 lawsuit, the Secretary
stipulated that the website and email in question did not concern an illegal
transaction and were not misleading. Nevertheless, on September 26, 2009,
the Superior Court ruled that the Secretary's enforcement action did not
violate the Bulldog Parties' First Amendment rights. The Bulldog Parties
filed an appeal of the Superior Court's ruling in the Massachusetts Appeals
Court. On July 23, 2010, the SJC unilaterally transferred the appeal of
the ss 1983 lawsuit to itself. Oral argument was held in the SJC on January 6,
2011 and a decision is pending.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.
ITEM 4. PURPOSE OF TRANSACTION
The filing persons are concerned about the Fund's persistent discount.
They may communicate with other shareholders and with the Fund's management
about this matter.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the N-CSR filed on December 28, 2010 there were 6,676,484 shares of
common stock outstanding as of 10/31/2010 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 421,546
shares of IRL or 6.31% of the outstanding shares.Power to dispose of and vote
securities resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the past 60 days the following shares of IRL were purchased:
Date: Shares: Price:
04/01/11 13,950 7.7299
04/04/11 28,423 7.7978
04/05/11 16,367 7.7894
04/06/11 34,426 7.9122
04/08/11 7,930 8.0451
04/11/11 8,200 8.0397
04/12/11 25,000 7.9176
04/19/11 11,100 7.9933
04/20/11 14,300 8.1232
04/21/11 18,077 8.1954
04/26/11 483 8.2683
04/27/11 7,700 8.3000
04/28/11 621 8.2900
04/29/11 2,815 8.3635
05/03/11 3,943 8.3000
05/05/11 2,100 8.1314
05/06/11 5,300 8.2489
05/12/11 3,745 8.3486
05/16/11 9,298 8.3362
05/17/11 23,500 8.2941
05/19/11 20,065 8.3186
05/23/11 7,282 8.0048
05/24/11 8,021 8.0311
05/25/11 8,340 8.1378
05/26/11 300 8.1800
05/27/11 7,904 8.3494
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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: 5/31/2011
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos