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    SEC Form SC 13D/A filed by New Ireland Fund, Inc. (The) (Amendment)

    12/14/21 4:32:35 PM ET
    $IRL
    Trusts Except Educational Religious and Charitable
    Finance
    Get the next $IRL alert in real time by email
    SC 13D/A 1 formsc13da.htm FORM SC 13D/A Saba Capital Management, L.P.: Form SC 13D/A - Filed by newsfilecorp.com

    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

     



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