Asa Gold & Precious Metals LTD
Market Movers (8-K)
NYSE
ASA Gold and Precious Metals Limited has appointed Paul Kazarian as President and PEO while transitioning to internal management.
NYSE
ASA Gold and Precious Metals Limited announced the expiration of its shareholder rights plan, the resignation of two independent directors, and the settlement of all outstanding litigation.
Better than expected
NYSE
8-K: ASA Gold and Precious Metals Limited Adopts Shareholder Rights Plan Amid Saba Capital's Influence
ASA Gold and Precious Metals Limited implements a limited-duration shareholder rights plan to safeguard shareholder interests against potential control changes by Saba Capital Management.
Worse than expected
NYSE
A U.S. District Court ruled that ASA Gold and Precious Metals Limited's shareholder rights plan violated the Investment Company Act of 1940, leading to its rescission.
Worse than expected
NYSE
ASA Gold and Precious Metals Limited has adopted a new limited-duration shareholder rights plan to prevent creeping control by Saba Capital Management, LP, amidst ongoing board disputes and a pending lawsuit.
Worse than expected
NYSE
ASA Gold and Precious Metals Limited is facing significant internal conflict as two newly elected directors clash with two legacy directors over the legitimacy of board committees and governance practices.
Worse than expected
Insider Trading (Form 4)
NYSE
Saba Capital Management, L.P., a 10% owner, reported a planned acquisition of 40,222 shares of ASA Gold & Precious Metals Ltd common stock for $72.09 per share.
NYSE
Saba Capital Management, L.P., a 10% owner of ASA Gold & Precious Metals Ltd, increased its beneficial ownership through two recent purchases totaling 88,140 shares.
NYSE
Saba Capital Management, a 10% owner of ASA Gold & Precious Metals Ltd, filed a Form 4 detailing planned future acquisitions of common stock under a Rule 10b5-1 plan.
Better than expected
NYSE
Saba Capital Management, L.P., a 10% owner, increased its beneficial ownership in ASA Gold & Precious Metals Ltd through recent stock acquisitions.
Better than expected
NYSE
Saba Capital Management, a 10% owner, reported the planned acquisition of 8,466 shares of ASA Gold & Precious Metals Ltd common stock at $64.27 per share, increasing its indirect beneficial ownership to 5,574,906 shares.
NYSE
Saba Capital Management, L.P., a 10% owner, increased its beneficial ownership in ASA Gold & Precious Metals Ltd through recent stock purchases.
Better than expected
Proxy Statements (Def-14A)
NYSE
ASA Gold and Precious Metals Limited will hold its Annual General Meeting virtually on November 6, 2025, seeking shareholder approval for director elections and auditor ratification.
NYSE
Axel Merk, a significant shareholder and COO of ASA Gold and Precious Metals Limited, is actively soliciting proxies to oppose Saba Capital Management's proposals to expand the Board and elect their nominee, fearing a fundamental shift in the Fund's investment strategy.
NYSE
DEFC14A: Saba Capital Seeks to Expand ASA Gold and Precious Metals Board, Appoint Independent Director
Saba Capital is soliciting proxies to expand the board of ASA Gold and Precious Metals Limited and appoint an independent director, aiming to enhance shareholder value and address concerns over the company's governance.
Worse than expected
NYSE
ASA Gold and Precious Metals Limited is currently engaged in a contested proxy battle with activist investor Saba Capital Management, who is seeking to gain control of the fund.
Worse than expected
NYSE
ASA Gold and Precious Metals Fund, a closed-end fund investing in small exploration and development mining companies, is currently under pressure from activist investor Saba Capital Management, with a crucial proxy vote approaching.
Worse than expected
NYSE
DEFA14A: ASA Gold and Precious Metals Receives Glass Lewis Endorsement, Announces Share Repurchase Program
ASA Gold and Precious Metals Limited gains key endorsement from Glass Lewis and initiates a 5% share repurchase program.
Schedule 13D - Activist Investments
NYSE
SCHEDULE: Saba Capital Enhances ASA Gold Proposal
Saba Capital Management has amended its proposal for ASA Gold and Precious Metals Limited, now including a private credit manager as a potential subadviser.
NYSE
Saba Capital Management has submitted an updated non-binding proposal to the Board of ASA Gold and Precious Metals to transition the company into a Business Development Company (BDC).
NYSE
Saba Capital Management has submitted a non-binding proposal to the Board of ASA Gold and Precious Metals to assume management of the company.
NYSE
Saba Capital Management, holding a 31.28% stake in ASA Gold and Precious Metals, has submitted an updated proposal urging the company's Board to conduct a comprehensive strategic review.
Worse than expected
NYSE
Saba Capital Management and affiliates increased their beneficial ownership in ASA Gold and Precious Metals Limited to 31.01% through recent open market purchases.
NYSE
Saba Capital Management and its affiliates have increased their beneficial ownership in ASA Gold and Precious Metals Limited to 30.03% through recent open market purchases.
Schedule 13G - Passive Investments
NYSE
Morgan Stanley and its subsidiary Morgan Stanley Smith Barney LLC have filed a Schedule 13G, reporting their beneficial ownership of ASA Gold & Precious Metals Ltd. common shares.
NYSE
Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have disclosed beneficial ownership of 6.7% of ASA Gold & Precious Metals Ltd's common shares.
NYSE
Morgan Stanley and its subsidiary disclose an 8.3% beneficial ownership stake in ASA Gold & Precious Metals Ltd through a Schedule 13G filing.
NYSE
Morgan Stanley and its subsidiary Morgan Stanley Smith Barney LLC reported a combined beneficial ownership of 6.3% in ASA Gold & Precious Metals Ltd common shares.
NYSE
Sessa Capital (Master), L.P., Sessa Capital Special Opportunity Fund II, L.P., and related entities, including John Petry, have disclosed a collective passive beneficial ownership of 5.55% in ASA Gold & Precious Metals Ltd's common shares.
NYSE
Lazard Asset Management LLC has filed an amended Schedule 13G, revealing a 12.56% beneficial ownership stake in ASA Gold & Precious Metals Ltd, a closed-end fund.