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Investors should tell the Board now: liquidity first, restructuring laterPALO ALTO, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Axel Merk, a shareholder of more than 300,000 shares of ASA Gold and Precious Metals Limited (NYSE: ASA), today called on ASA’s Board to provide shareholders with a meaningful opportunity to exit at or near net asset value (NAV) before asking them to approve the proposed conversion of ASA into a Saba-managed business development company (“BDC”) and pay the related costs:

PORTLAND, Maine, September 04, 2026--Based on the unanimous recommendation of its Special Committee, the Board of Directors (the "Board") of ASA Gold and Precious Metals Limited (NYSE: ASA) (the "Company") is pleased to announce that it has approved a proposal to convert the Company from a registered closed-end investment company focused on the gold and precious-metals sector into a business development company ("BDC") with a yield-oriented, credit-focused strategy (the "BDC Conversion").

ASA Gold and Precious Metals is rated BUY, offering pure junior gold miner exposure at a 14.7% discount to NAV. Click here to read more.