ASA Gold and Precious Metals Ltd Stock News

NEW YORK--(BUSINESS WIRE)--Paul Kazarian, a member of the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Company”), today provided an update pertaining to the interim injunction Order issued on May 8, 2025 by the Supreme Court of Bermuda (the “Bermuda Court”) in response to the legal proceeding he commenced against ASA and two of its sitting ...

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”) with 17.2% ownership of the Fund's outstanding shares, today announced that it has filed a lawsuit in the United States District Court for the Southern District of New York (the “Court...

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ASA Gold and Precious Metals Limited offers exposure to gold and precious metals, outperforming the S&P 500 and gold itself over various periods. The ASA closed-end fund invests in mining companies rather than physical metals, providing an alternative way to get exposure and expertise in the industry. Despite a low yield of 0.18%, the fund's long-term capital appreciation and tax efficiency mak...

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”), today announced that it has filed a motion with the United States District Court for the Southern District of New York (the “Court”) to enforce its March 28, 2025 ruling by invalidati...

PORTLAND, Maine--(BUSINESS WIRE)--The Rights Plan Committee (the “Committee”) of the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (“ASA” or the “Company”) (NYSE: ASA) has unanimously adopted a limited-duration shareholder rights plan (“Rights Plan”) to protect the interests of the Company and all of its shareholders. The Rights Plan will expire at the close of busine...

PORTLAND, Maine--(BUSINESS WIRE)--The Litigation Committee (the “Committee”) of the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (“ASA” or the “Company”) (NYSE: ASA) announced that the United States District Court for the Southern District of New York granted a motion for summary judgment in litigation over the Company's limited-duration shareholder rights plans. In ...

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA) announced today that it has declared a distribution of $0.03 per common share of the Company payable on May 14, 2025, to shareholders of record of the Company's common shares as of the close of business on May 5, 2025. This distribution represents a $0.01 per common share increase as compared to l...