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ISS Recommends The New Ireland Fund's Shareholders Vote for Boardroom Change on Saba Capital's GOLD Proxy CardSaba Capital Management, L.P. (collectively with its affiliates, "Saba"), a meaningful shareholder of The New Ireland Fund (NYSE: IRL) ("IRL" or the "Fund"), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS") has recommended IRL's shareholders vote for boardroom change on the GOLD proxy card. In particular, ISS recommends the addition of Saba's highly qualified and independent shareholder representative - Paul Kazarian - to IRL's Board of Directors (the "Board") at the 2022 Annual Meeting of Shareholders that is scheduled to be held on June 14, 2022. In its full report, ISS affirmed the case for boardroom change and highlighted Mr. Kazarian's qualifications to serve on the Board:1
Saba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of institutional clients. The firm, which is a pioneer of credit relative value and capital structure trading, currently invests across four core strategies: Credit Relative Value, Tail Hedge, SPACs and Closed-End Funds. Founded in 2009 by Boaz Weinstein, Saba is privately held by its partnership and headquartered in New York City. Learn more at www.sabacapital.com. 1 Permission to quote ISS was neither sought nor obtained.
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