SEC Form SC 13G/A filed by ASA Gold and Precious Metals Limited (Amendment)
$ASA
Precious Metals
Industrials
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Follows Court's March 28th Ruling that ASA's Poison Pill Violates the Investment Company Act of 1940 Urges Court to Intervene to Enforce Ruling and Invalidate ASA's March 31st Poison Pill Calls for Chair Mary Joan Hoene, Director William Donovan and Former Directors Axel Merk and Bruce Hanson to Return the Millions of Dollars in Shareholders' Capital They Wasted on Entrenching Themselves 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
Designed to Ensure that All Shareholders Have a Voice in Deciding the Company's Future 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 business on July 29, 2025 or upon the certification of the election of a new Board at the Company's next shareholder meeting, whichever occurs first. The Rights Plan was adopted in response to the recent and ongoing efforts of Saba Capital Management, LP
Rights Plan Adopted on December 20, 2024 is Deemed Rescinded The Litigation Committee (the "Committee") of the Board of Directors (the "Board") of ASA Gold and Precious Metals Limited ("ASA" or the "Company") (NYSE:ASA)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 its March 28, 2025 ruling, the court held that the Company's shareholder rights plan adopted on December 20, 2024 (the "December 2024 Rights Plan") must be rescinded as it violated a requirement under the Investment Company Act of 1940 that rights plans must expire within 12
Designed to Ensure that All Shareholders Have a Voice in Deciding the Company's Future 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 business on July 29, 2025 or upon the certification of the election of a new Board at the Company's next shareholder meeting, whichever occurs first. The Rights Plan was adopted in response to the recent and ongoing efforts of Saba Capital Management, LP
Designed to Prevent Creeping Control and Protect Long-Term Value for All Shareholders 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 is currently effective and will expire at the close of business on December 20, 2024. The terms of the Rights Plan are substantively identical to the terms of the shareholder rights plan that was adopted by the Board on April 26, 2024. The limited-duration Rights Plan was adopted
Designed to Prevent Creeping Control and Protect Long-Term Value for All Shareholders 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 is currently effective and will expire at the close of business on August 23, 2024. The terms of the Rights Plan are substantially identical to the terms of the shareholder rights plan that was adopted by the Board on December 31, 2023. The limited-duration Rights Plan was adopted in response to the rapid and significant accum
4/A - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
4 - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
4 - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
8-A12B - ASA Gold & Precious Metals Ltd (0001230869) (Filer)
8-K - ASA Gold & Precious Metals Ltd (0001230869) (Filer)
8-K - ASA Gold & Precious Metals Ltd (0001230869) (Filer)
3 - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
4/A - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
4 - ASA Gold & Precious Metals Ltd (0001230869) (Issuer)
ASA Gold and Precious Metals Limited (the "Company") (NYSE:ASA) announced that, based on the final results of the Company's annual general meeting of shareholders held on April 26, 2024 (the "Annual Meeting"), shareholders elected Ketu Desai and Paul Kazarian, and re-elected William Donovan and Mary Joan Hoene, as directors of the Company. Messrs. Desai and Kazarian were proposed as directors by Saba Capital Management, L.P. ("Saba Capital"), which holds 16.87% of ASA's outstanding common shares. Mr. Kazarian is a principal of Saba Capital. Mr. Desai is a principal of i-Squared Wealth Management, Inc. They each serve on the boards of registered, closed-end fixed income funds advised by Sa
ASA Gold and Precious Metals Limited (the "Company") (NYSE:ASA) declared a distribution of $0.01 per common share of the Company. The distribution is payable on May 18, 2023 to shareholders of record as of the close of business on May 8, 2023. This distribution will be paid from undistributed realized gains. The Company has paid uninterrupted distributions since 1959. In addition, the Company announced that shareholders elected Axel Merk, and re-elected Anthony Artabane, William Donovan, Bruce Hansen and Mary Joan Hoene, as directors of the Company at the annual general meeting of shareholders held on March 28, 2023. Shareholders also voted to ratify and approve the appointment of Tait, W
ASA Gold and Precious Metals Limited (the "Company") (NYSE:ASA) announced that Mr. Alexander (Axel) G. Merk has been appointed by the Board, on the recommendation of the Company's Nominating, Audit and Ethics Committee, to serve as a Director until the 2023 Annual General Meeting of Shareholders. Mr. Merk, age 53, is the founder, President, and Chief Investment Officer of Merk Investments LLC ("Merk Investments"), which serves as the investment adviser to the Company under the terms of an Investment Advisory Agreement. Mr. Merk founded Merk Investments' predecessor company in 1994 and has extensive investment and asset management experience. Mr. Merk holds a BA in economics and a Master of
SC 13G/A - ASA Gold & Precious Metals Ltd (0001230869) (Subject)
SC 13D/A - ASA Gold & Precious Metals Ltd (0001230869) (Subject)
SC 13D/A - ASA Gold & Precious Metals Ltd (0001230869) (Subject)