Filing Details

Accession Number:
0001062993-21-012859
Form Type:
13D Filing
Publication Date:
2021-12-13 19:00:00
Filed By:
Saba Capital
Company:
New Ireland Fund Inc (NYSE:IRL)
Filing Date:
2021-12-14
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Saba Capital Management 0 345,152 0 345,152 345,152 9.48%
Boaz R. Weinstein 0 345,152 0 345,152 345,152 9.48%
Saba Capital Management GP 0 345,152 0 345,152 345,152 9.48%
Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934

(Amendment No.2)*

 

New Ireland Fund, Inc

(Name of Issuer)

 

Common Shares, $0.01 par value

(Title of Class of Securities)

 

645673104

(CUSIP Number)

Saba Capital Management, L.P.

405 Lexington Avenue

58th Floor

New York, NY 10174

Attention: Michael D'Angelo

(212) 542-4635

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 13, 2021

(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

(Page 1 of 6 Pages)

______________________________

* 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 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).

CUSIP No.  645673104 SCHEDULE 13D/A Page 2 of 6 Pages

1

NAME OF REPORTING PERSON

Saba Capital Management, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

(b) ☐

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

OO (see Item 3)

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

345,152

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

345,152

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

345,152

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.48%

14

TYPE OF REPORTING PERSON

PN; IA

The percentages used herein are calculated based upon 3,639,902 shares of common stock outstanding as of 5/13/21, as disclosed in the company's N-CSRS filed 6/30/21

CUSIP No.  645673104 SCHEDULE 13D/A Page 3 of 6 Pages

1

NAME OF REPORTING PERSON

Boaz R. Weinstein

2

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

(b) ☐

3

  SEC USE ONLY

 

4

SOURCE OF FUNDS

OO (see Item 3)

5

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

345,152

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

345,152

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

345,152

12

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.48%

14

TYPE OF REPORTING PERSON

IN

The percentages used herein are calculated based upon 3,639,902 shares of common stock outstanding as of 5/13/21, as disclosed in the company's N-CSRS filed 6/30/21

CUSIP No.  645673104 SCHEDULE 13D/A Page 4 of 6 Pages

1

NAME OF REPORTING PERSON

Saba Capital Management GP, LLC

2

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ☐

(b) ☐

3

  SEC USE ONLY

 

4

SOURCE OF FUNDS

OO (see Item 3)

5

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

345,152

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

345,152

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

345,152

12

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.48%

14

TYPE OF REPORTING PERSON

OO

The percentages used herein are calculated based upon 3,639,902 shares of common stock outstanding as of 5/13/21, as disclosed in the company's N-CSRS filed 6/30/21

CUSIP No.  645673104 SCHEDULE 13D/A Page 5 of 6 Pages

This Amendment No. 2 amends and supplements the statement on Schedule 13D filed with the SEC on 11/10/21; as amended by Amendment No. 1 filed 12/10/21, with respect to the common shares of New Ireland Fund, Inc.  This Amendment No. 2 amends Item 4, as set forth below.

Item 4. PURPOSE OF TRANSACTION

Item 4 is hereby amended and supplemented as follows:

On December 13, 2021, Saba Capital Master Fund, Ltd., a private fund advised by Saba Capital Management, L.P., submitted to the Issuer a notice informing the Issuer of its intention to nominate Paul Kazarian for election to the Issuer's board of directors at the Issuer's 2022 annual meeting of shareholders.

CUSIP No.  645673104 SCHEDULE 13D/A Page 6 of 6 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date:  December 14, 2021

  SABA CAPITAL MANAGEMENT, L.P.
   

 

By:  /s/ Michael D'Angelo

 

Name: Michael D'Angelo

Title: Chief Compliance Officer

 

 

 

 

  SABA CAPITAL MANAGEMENT GP, LLC
   

 

By:  /s/ Michael D'Angelo

Name: Michael D'Angelo

Title: Authorized Signatory

 

 

 

 

  BOAZ R. WEINSTEIN
   

 

By:  /s/ Michael D'Angelo

 

Name: Michael D'Angelo

 

Title: Attorney-in-fact*

   
   

* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823