SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by Registrant [ X ]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ X ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-
11(c) or Sec. 240.14a-12
. . . . . . . . . . . . . . . . The Irish Investment Fund,
Inc. . . . . . . . . . . . . . . .
(Name of Registrant as Specified In Its Charter)
. . . . . . . . . . . . . . . . . . . . . . . . . . .Brigid
O. Bieber, Secretary . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
[ X ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-
6(i)(1), or 14a-6(j)(2).
[ ] $500 per each party to the controversy pursuant
to Exchange Act Rule 14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act
Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction
applies:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .
2) Aggregate number of securities to which transaction
applies:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .
3) Per unit price or other underlying value of
transaction computed pursuant to Exchange Act Rule 0-11:1
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .
4) Proposed maximum aggregate value of transaction:
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .
1 Set forth the amount on which the filing fee is
calculated and state how it was determined.
[ ] Check box if any part of the fee is offset as provided
by Exchange Act Rule 0-11(a)(2) and identify the filing for
which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the
Form or Schedule and the date of its filing.
1) Amount Previously Paid:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .
2) Form, Schedule or Registration Statement No.:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .
3) Filing Party:
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4) Date Filed:
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THE IRISH INVESTMENT FUND, INC.
C/O FIRST DATA INVESTOR SERVICES GROUP, INC.
EXCHANGE PLACE -- BOS 665
BOSTON, MASSACHUSETTS 02109
--------
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
--------
To our Stockholders:
Notice is hereby given that the Annual Meeting of Stockholders of The Irish
Investment Fund, Inc. (the "Fund") will be held on June 4, 1996, at 9:00 a.m.,
in the Board Room, at Bank of Ireland, 640 Fifth Avenue, New York, New York
10019, for the following purposes:
1. To elect one (1) Director of the Fund (Proposal 1).
2. To ratify the selection by the Board of Directors of Price Water-
house LLP as independent accountants for the year ending October 31,
1996 (Proposal 2).
3. To consider and act upon any other business as may properly come
before the Meeting or any adjournment thereof.
These items are discussed in greater detail in the attached Proxy
Statement.
Only stockholders of record at the close of business on April 4, 1996 are
entitled to notice of, and to vote at, this Meeting or any adjournment thereof.
BRIGID O. BIEBER
Secretary
Dated: April 26, 1996
WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING, PLEASE SIGN AND PROMPTLY RETURN
THE ENCLOSED PROXY IN THE ENCLOSED SELF-ADDRESSED ENVELOPE. IN ORDER TO AVOID
THE ADDITIONAL EXPENSE TO THE FUND OF FURTHER SOLICITATION, WE ASK YOUR
COOPERATION IN MAILING IN YOUR PROXY PROMPTLY. INSTRUCTIONS FOR THE PROPER
EXECUTION OF PROXIES ARE SET FORTH ON THE INSIDE COVER.
<PAGE>
INSTRUCTIONS FOR SIGNING PROXY CARDS
The following general rules for signing proxy cards may be of assistance to
you and avoid the time and expense to the Fund involved in validating your vote
if you fail to sign your proxy card properly.
1. Individual Accounts: Sign your name exactly as it appears in the
registration on the proxy card.
2. Joint Accounts: Either party may sign, but the name of the party
signing should conform exactly to a name shown in the registration.
3. All Other Accounts: The capacity of the individuals signing the proxy
card should be indicated unless it is reflected in the form of
registration. For example:
<TABLE>
<CAPTION>
REGISTRATION VALID SIGNATURE
<S> <C>
CORPORATE ACCOUNTS
(1) ABC Corp. ABC Corp.
(2) ABC Corp. John Doe, Treasurer
(3) ABC Corp.
c/o John Doe, Treasurer John Doe
(4) ABC Corp. Profit Sharing Plan John Doe, Trustee
TRUST ACCOUNTS
(1) ABC Trust Jane B. Doe, Trustee
(2) Jane B. Doe, Trustee Jane B. Doe
u/t/d 12/28/78
CUSTODIAN OR ESTATE ACCOUNTS
(1) John B. Smith, Cust.
f/b/o John B. Smith, Jr. UGMA John B. Smith
(2) Estate of John B. Smith John B. Smith, Jr., Executor
</TABLE>
<PAGE>
THE IRISH INVESTMENT FUND, INC.
C/O FIRST DATA INVESTOR SERVICES GROUP, INC.
EXCHANGE PLACE -- BOS 665
BOSTON, MA 02109
--------
PROXY STATEMENT
--------
This Proxy Statement is furnished by the Board of Directors of The Irish
Investment Fund, Inc. (the "Fund") in connection with its solicitation of
Proxies for use at the Annual Meeting of Stockholders to be held on June 4, 1996
at 9:00 a.m., in the Board Room, at Bank of Ireland, 640 Fifth Avenue, New York,
New York 10019. The purpose of the Meeting and the matters to be acted upon are
set forth in the accompanying Notice of Annual Meeting of Stockholders.
If the accompanying form of Proxy is executed properly and returned, shares
represented by it will be voted at the Meeting in accordance with the
instructions on the Proxy. If, however, no instructions are specified, shares
will be voted for the election of Directors and for the other proposals. A Proxy
may be revoked at any time prior to the time it is voted by written notice to
the Secretary of the Fund or by attendance at the Meeting. The Fund's most
recent annual report is available, upon request, without charge, by writing to
the Fund at the address listed above or by calling (800) 468-6475.
In the event a quorum is not present at the Meeting, the holders of a
majority of the stock present in person or by proxy will have the power to
adjourn the Meeting, without notice other than an announcement at the Meeting,
until the requisite amount of stock entitled to vote at such Meeting is present.
Absent the establishment of a subsequent record date and the giving of notice to
the holders of record thereon, the adjourned Meeting will take place not more
than 120 days after the original record date. At such adjourned Meeting any
business may be transacted which might have been transacted at the original
Meeting.
The close of business on April 4, 1996 has been fixed as the record date
for the determination of stockholders entitled to notice of, and to vote at, the
Meeting. On that date, the Fund had 5,009,000 shares of Common Stock outstanding
and entitled to vote. Each share will be entitled to one vote at the Meeting. It
is expected that the Notice of Annual Meeting, Proxy Statement and form of Proxy
will first be mailed to stockholders on or about April 26, 1996.
The expense of solicitation will be borne by the Fund and will include
reimbursement to brokerage firms and others for expenses in forwarding proxy
solicitation material to beneficial owners. The solicitation of Proxies will be
largely by mail, but may include, without cost to the Fund, telephonic,
telegraphic or oral communications by regular employees of the Principal
Investment Adviser and the U.S. Co-Adviser. If necessary, the solicitation of
Proxies may include communications by employees of a proxy solicitation firm to
be engaged by the Fund.
The date of this Proxy Statement is April 26, 1996.
1
<PAGE>
ELECTION OF DIRECTORS
(PROPOSAL NO. 1)
At the Meeting, one Director will be elected. Pursuant to the Fund's
By-Laws, the terms of office of the Directors are staggered. The Board of
Directors is divided into three classes, designated Class I, Class II and Class
III. Class I consists of Peter J. Hooper and William P. Clark, Class II consists
of James M. Walton and Denis P. Kelleher, and Class III consists of Gerald F.
Colleary. Mr. Colleary, the one Director in Class III, is being considered for
election at this Meeting. If elected, Mr. Colleary will hold office for a term
of three years and until his successor is elected and qualified. It is the
intention of the persons named in the accompanying form of Proxy to vote, on
behalf of the stockholders, for the election of Gerald F. Colleary.
As nominee for election to the Board, Mr. Colleary has consented to be
named in this Proxy Statement and to serve as Director if elected. The Board of
Directors has no reason to believe that Mr. Colleary will become unavailable for
election as a Director, but if that should occur before the Meeting, Proxies
will be voted for such other person as the Board of Directors may recommend.
The Directors and Officers of the Fund are listed below together with their
respective positions and a brief statement of their principal occupations during
the past five years and, in the case of Directors, their positions with certain
international organizations and publicly-held companies.
<TABLE>
<CAPTION>
COMMON STOCK
FIRST OF THE FUND
BECAME A BENEFICIALLY
NAME, AGE, POSITION DIRECTOR/ TERM PRINCIPAL OCCUPATIONS OWNED AS OF
WITH FUND, AND ADDRESS OFFICER EXPIRING AND OTHER AFFILIATIONS APRIL 4, 1996** PERCENT
<S> <C> <C> <C> <C> <C>
*Peter J. Hooper, 56........ 1990 1997 Consultant; formerly President 1,000 ****
Chairman of the Board*** and Chief Executive Officer, Irish
Westchester Financial American Bank & Trust Company;
Center previously, President, CEO, and
Suite 1053 General Manager, Bank of Ireland,
50 Main Street New York; Director of the Ireland
White Plains, NY 10606 United States Council for Industry
and Commerce
William P. Clark, 64........ 1990 1997 Counsel; Chairman, Clark Company 3,277 ****
Director (family corporation); Director,
1031 Pine Street Lawter International Inc.,
Paso Robles, CA 93446 Pacific Telesis Group, Inc.;
formerly, Secretary of the
Department of the Interior,
Adviser to the President for
National Security Affairs, Deputy
Secretary of the Department of
State and Justice of the California
Supreme Court
*Gerald F. Colleary, 47..... 1990 1996 Director and Senior Vice 0 ****
Director President, Bank of Ireland Asset
2 Greenwich Plaza Management (U.S.) Limited
Greenwich, CT 06830
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
COMMON STOCK
FIRST OF THE FUND
BECAME A BENEFICIALLY
NAME, AGE, POSITION DIRECTOR/ TERM PRINCIPAL OCCUPATIONS OWNED AS OF
WITH FUND, AND ADDRESS OFFICER EXPIRING AND OTHER AFFILIATIONS APRIL 4, 1996** PERCENT
<S> <C> <C> <C> <C> <C>
James M. Walton, 65......... 1990 1998 Formerly, Director and Vice 1,000 ****
Director Chairman, MMC Group, Inc.
525 William Penn Place (management company)
Room 3902
Pittsburgh, PA 15219
Denis P. Kelleher, 56....... 1991 1998 Chief Executive Officer, Wall 15,000 ****
Director Street Investor Services; Direc-
17 Battery Place tor, Staten Island Savings Bank
New York, NY 10004
Richard H. Rose, 39......... 1995 *** Vice President, First Data 0 ****
President and Treasurer Investor Services Group, Inc.;
One Exchange Place previously, Senior Vice President
Boston, MA 02109 of The Boston Company Advisors,
Inc.
Scott C. Blair, 32.......... 1995 *** Director, First Data Investor 0 ****
Assistant Treasurer Services Group, Inc.; previously,
One Exchange Place Assistant Vice President, The
Boston, MA 02109 Boston Company Advisors, Inc.
Brigid O. Bieber, 35........ 1994 *** Associate General Counsel, First 0 ****
Secretary Data Investor Services Group,
One Exchange Place Inc.; previously, Vice President
Boston, MA 02109 and Associate General Counsel, The
Boston Company Advisors, Inc.
Patricia L. Bickimer, 43.... 1994 *** Vice President and Associate 0 ****
Assistant Secretary General Counsel, First Data
One Exchange Place Investor Services Group, Inc.;
Boston, MA 02109 previously, Vice President and
Associate General Counsel, The
Boston Company Advisors, Inc.
All Directors and Officers as a Group...... 20,277 ****
</TABLE>
* "Interested" Director within the meaning of the Investment Company Act of
1940, as amended (the "1940 Act"). Mr. Colleary is an "interested" Director
because of his affiliation with Bank of Ireland Asset Management (U.S.) Limited,
which acts as the Fund's principal investment adviser. Mr. Hooper is an
"interested" Director because he is the Chairman of the Board of Directors of
the Fund.
** This information has been furnished by each Director and Officer.
*** Each Officer of the Fund will hold such office until a successor has been
elected by the Board of Directors.
**** Less than 1%.
3
<PAGE>
Effective June 1, 1995, the Fund paid each of its Directors who is not a
managing director, officer or employee of the Fund's Principal Investment
Adviser or U.S. Co-Adviser or any affiliate thereof, an annual fee of $7,000
plus $700 for each meeting of the Board of Directors or a committee of the Board
attended in person or via telephone with an additional $3,500 annual payment to
the Director serving as Chairman, in addition to certain out-of-pocket expenses.
Prior to June 1, 1995, the annual retainer paid to such Directors was $5,000
plus $500 for each meeting attended. Mr. Colleary, as a Director of Bank of
Ireland Asset Management (U.S.) Limited, the Fund's Principal Investment
Adviser, did not receive any compensation from the Fund.
There were four meetings of the Board of Directors held during the fiscal
year ended October 31, 1995. Each Director attended at least 75% of the
aggregate number of meetings of the Board and of meetings of Board Committees on
which that Director served. Aggregate fees and expenses paid to the Board of
Directors for the fiscal year ended October 31, 1995 were $76,966.
The Board of Directors has an Audit Committee. The Audit Committee makes
recommendations to the full Board of Directors with respect to the engagement of
independent accountants and reviews with the independent accountants the plan
and results of the audit engagement and matters having a material effect on the
Fund's financial operations. The members of the Audit Committee are Messrs.
Clark, Hooper, Kelleher and Walton. Messrs. Clark, Walton and Kelleher are
"non-interested" Directors. The Audit Committee met once during the fiscal year
ended October 31, 1995. At the present time, the Board of Directors has no
compensation or nominating committees, or other committees performing similar
functions.
The following table sets forth certain information regarding the com-
pensation of the Fund's Directors and Officers. Officers of the Fund who are
employed by First Data Investor Services Group, Inc. ("FDISG"), the Fund's
administrator, receive no compensation or expense reimbursement from the Fund.
No Officer received compensation from the Fund in excess of $60,000 for the
fiscal year ended October 31, 1995.
COMPENSATION TABLE
FISCAL YEAR ENDED OCTOBER 31, 1995
<TABLE>
<CAPTION>
PENSION OR
RETIREMENT ESTIMATED
BENEFITS ANNUAL TOTAL
AGGREGATE ACCRUED AS BENEFITS COMPENSATION
NAME OF PERSON COMPENSATION PART OF FUND UPON FROM THE FUND
AND POSITION FROM THE FUND EXPENSES RETIREMENT PAID TO DIRECTORS
<S> <C> <C> <C> <C>
Peter J. Hooper ................ $12,400 0 N/A $12,400
Chairman of the Board
William P. Clark ............... $ 8,900 0 N/A $ 8,900
Director
Gerald F. Colleary ............. $ 0 0 N/A $ 0
Director
James M. Walton ................ $ 9,600 0 N/A $ 9,600
Director
Denis P. Kelleher .............. $ 9,600 0 N/A $ 9,600
Director
</TABLE>
4
<PAGE>
REQUIRED VOTE
In the election of a Director of the Fund, the candidate receiving the
highest number of votes cast at the Meeting if a quorum is present shall be
elected to the position.
THE BOARD OF DIRECTORS OF THE FUND RECOMMENDS THAT YOU VOTE "FOR" THIS
PROPOSAL NO. 1.
SELECTION OF INDEPENDENT ACCOUNTANTS
(PROPOSAL NO. 2)
A majority of the Directors who are not "interested" Directors of the Fund
(as defined in the 1940 Act) has selected Price Waterhouse LLP as independent
accountants for the Fund for the year ending October 31, 1996. The ratification
of the selection of independent accountants is to be voted on at the Meeting,
and it is intended that the persons named in the accompanying Proxy will vote
for Price Waterhouse LLP. It is expected that a representative of Price
Waterhouse LLP will not be present at the Meeting, but will be available by
telephone to answer any questions that may arise.
The Board's policy regarding engaging independent accountants' services is
that management may engage the Fund's principal independent accountants to
provide any services normally provided by independent accounting firms, provided
that such services meet any and all of the independence requirements of the
American Institute of Certified Public Accountants and the Securities and
Exchange Commission (the "SEC"). In accordance with this policy, the Audit
Committee reviews and approves all services provided by the independent
accountants prior to their being rendered. The Board of Directors also receives
a report from its Audit Committee relating to all services after they have been
performed by the Fund's independent accountants.
REQUIRED VOTE
Ratification of the selection of Price Waterhouse LLP as independent
accountants requires the affirmative vote of a majority of the votes cast by
holders of shares of the Fund represented at the meeting if a quorum is present.
THE BOARD OF DIRECTORS, INCLUDING THE "NON-INTERESTED" DIRECTORS OF THE
FUND, RECOMMENDS THAT YOU VOTE "FOR" THIS PROPOSAL NO. 2.
ADDITIONAL INFORMATION
INVESTMENT ADVISERS AND ADMINISTRATOR
The Fund's advisory structure provides a multinational arrangement for
furnishing management skills and investment advice to pursue the Fund's
investment objective of investing primarily in equity securities of Irish
corporations. Bank of Ireland Asset Management (U.S.) Limited ("BIAM"), an Irish
company registered as an investment adviser under the U.S. Investment Advisers
Act of 1940, acts as the Fund's Principal Investment Adviser. BIAM's office in
the United States is located at 2 Greenwich Plaza, Greenwich, Connecticut 06830.
The Fund's U.S. Co-Adviser is Salomon Brothers Asset Management Inc ("SBAM"), a
United States investment advisory firm. SBAM is located at 7 World Trade Center,
New York, New York 10048.
First Data Investor Services Group, Inc., located at One Exchange Place,
Boston, Massachusetts 02109, provides administrative services to the Fund.
5
<PAGE>
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
To the knowledge of management of the Fund, no person owns of record or
beneficially 5% or more of the Fund's outstanding voting securities as of April
4, 1996.
COMPLIANCE WITH THE SECURITIES EXCHANGE ACT OF 1934
Section 16(a) of the Securities Exchange Act of 1934 requires the Fund's
Directors and Officers, certain persons affiliated with the Principal Investment
Adviser and U.S. Co-Adviser and persons who own more than 10% of a registered
class of the Fund's securities, to file reports of ownership and changes of
ownership with the SEC and the New York Stock Exchange. Directors, Officers and
greater than ten percent shareholders are required by SEC regulation to furnish
the Fund with copies of all Section 16(a) forms they file.
Based solely upon its review of the copies of such forms received by it and
written representations from certain of such persons, the Fund believes that
during 1995 all such filing requirements applicable to such persons were
complied with.
BROKER NON-VOTES AND ABSTENTIONS
A proxy which is properly executed and returned accompanied by in-
structions to withhold authority to vote, represents a broker "non-vote" (i.e.,
shares held by brokers or nominees as to which (i) instructions have not been
received from the beneficial owners or the persons entitled to vote and (ii) the
broker or nominee does not have discretionary voting power on a particular
matter). Proxies that reflect abstentions or broker non-votes (collectively
"abstentions") will be counted as shares that are present and entitled to vote
on the matter for purposes of determining the presence of a quorum. Under
Maryland law, abstentions do not constitute a vote "for" or "against" a matter
and will be disregarded in determining the "votes cast" on an issue. The
election of Directors (Proposal 1) requires that each successful candidate
receives the highest amount of votes cast at the Meeting; therefore, abstentions
will be disregarded. The approval of the ratification of independent accountants
(Proposal 2) requires the affirmative vote of a majority of the votes cast at
the Meeting; therefore, abstentions will be disregarded in determining the vote
cast on the Proposal.
OTHER MATTERS
No business other than as set forth herein is expected to come before the
Meeting, but should any other matter requiring a vote of stockholders arise,
including any question as to an adjournment of the Meeting, the persons named in
the enclosed Proxy will vote thereon according to their best judgment in the
interests of the Fund.
6
<PAGE>
STOCKHOLDER PROPOSALS
A stockholder's proposal intended to be presented at the Fund's Annual
Meeting of Stockholders in 1997 must be received by the Fund on or before
December 27, 1996 in order to be included in the Fund's proxy statement and form
of proxy relating to that meeting.
Brigid O. Bieber
Secretary
Dated: April 26, 1996
Stockholders who do not expect to be present at the Meeting and who wish to
have their shares voted are requested to date and sign the enclosed Proxy and
return it in the enclosed envelope. No postage is required if mailed in the
United States.
7
THE IRISH INVESTMENT FUND, INC.
PROXY SOLICITED BY THE BOARD OF DIRECTORS
Annual Meeting of Stockholders - June 4, 1996
The undersigned hereby appoints Peter J. Hooper and
Brigid O. Bieber, and each of them, attorneys and
proxies of the undersigned, with full powers of
substitution and revocation, to represent the
undersigned and to vote on behalf of the undersigned
as designated on the reverse side of this proxy card,
all stock of The Irish Investment Fund, Inc. held of
record by the undersigned on April 4, 1996 at the
Annual Meeting of Stockholders (the "Meeting") to be
held on June 4, 1996, and at any adjournments
thereof. The undersigned hereby acknowledges receipt
of the Notice of Meeting and Proxy Statement and
hereby instructs said attorneys and proxies to vote
said shares as indicated herein. In their
discretion, the proxies are authorized to vote upon
such other business as may properly come before the
Meeting.
A majority of the proxies present and acting at the
Meeting in person or by substitute (or, if only one
shall be so present, then that one) shall have and
exercise all of the power and authority of said
proxies hereunder. The undersigned hereby revokes
any proxy previously given.
(Continued on reverse side)
A *
Please mark your
votes as in this
example *
FOR WITHHELD FOR AGAINST ABSTAIN
1. ELECTION OFDIRECTOR. Nominee: Gerald F. Colleary
(Class III Director) 2.
Ratification of the selection of
Price Waterhouse
LLP as independent
accountants for
the fiscal year ending
October 31, 1996.
3. To consider and vote upon such
other matters as they may come
before said Meeting or any adjournment
thereof.
Check Here
for Change
of Address
and Note
hereon.
This Proxy, when properly executed, will be voted in the manner
directed herein by the undersigned stockholder. If no direction
is made, this proxy will be voted FOR the election of the nominee
and Proposal 2. Please refer to the proxy statement for a
discussion of all of the proposals. Please sign exactly as name
appears below. When shares are held by joint tenants, either may
sign.
SIGNATURE: ______________________________________________DATE:
_________________________________________________
(IMPORTANT): Please sign this Proxy exactly as the name(s) appear hereon. When
signing as attorney-in-fact, executor, administrator, trustee or guardian,
please add
your title as such Proxies executed in the name of a corporation should be
signed on
behalf of the corporation by a duly authorized officer. Where shares are
owned in the
name of two or more persons, a majority of such persons should sign.
PLEASE SIGN, DATE
AND RETURN IN THE ENCLOSED POSTAGE PAID ENVELOPE.
THE IRISH INVESTMENT FUND, INC.
PROXY SOLICITED BY THE BOARD OF DIRECTORS
Annual Meeting of Stockholders - June 4, 1996
The undersigned hereby appoints Peter J. Hooper and
Brigid O. Bieber, and each of them, attorneys and
proxies of the undersigned, with full powers of
substitution and revocation, to represent the
undersigned and to vote on behalf of the undersigned
as designated on the reverse side of this proxy card,
all stock of The Irish Investment Fund, Inc. held of
record by the undersigned on April 4, 1996 at the
Annual Meeting of Stockholders (the "Meeting") to be
held on June 4, 1996, and at any adjournments
thereof. The undersigned hereby acknowledges receipt
of the Notice of Meeting and Proxy Statement and
hereby instructs said attorneys and proxies to vote
said shares as indicated herein. In their
discretion, the proxies are authorized to vote upon
such other business as may properly come before the
Meeting.
A majority of the proxies present and acting at the
Meeting in person or by substitute (or, if only one
shall be so present, then that one) shall have and
exercise all of the power and authority of said
proxies hereunder. The undersigned hereby revokes
any proxy previously given.
(Continued on reverse side)
A * Please mark your
*
votes as in this
example
FOR WITHHELD
FOR AGAINST ABSTAIN
1. Nominee: Gerald F. Colleary 2. Ratification of
the selection of
Election (Class III Director) Price
Waterhouse LLP as independent
of Director.
accountants for the fiscal
year ending
October 31, 1996.
. 3. To consider and got
upon such other matters as they may come
before said Meeting or any
adjournment thereof.
Check Here for Change
of Address and Note
Hereon.
This Proxy, when properly executed, will be voted in the manner
directed herein by the undersigned stockholder. If no direction
is made, this proxy will be voted FOR the election of the nominee
and Proposal 2. Please refer to the proxy statement for a
discussion of all of the proposals. Please sign exactly as name
appears below. When shares are held by joint tenants, either may
sign.
SIGNATURE: ______________________________________________DATE:
_________________________________________________
(IMPORTANT): Please sign this Proxy exactly as the name(s) appear hereon. When
signing as attorney-in-fact, executor, administrator, trustee or guardian,
please add
your title as such Proxies executed in the name of a corporation should be
signed on
behalf of the corporation by a duly authorized officer. Where shares are
owned in the
name of two or more persons, a majority of such persons should sign.
PLEASE SIGN, DATE
AND RETURN IN THE ENCLOSED POSTAGE PAID ENVELOPE.
G:\SHARED\3RDPARTY\IRISH\IRISHPXY\1996\CARD1.DOC 2
G:\SHARED\3RDPARTY\IRISH\IRISHPXY\1996\CARD1.DOC
