ASA Gold and Precious Metals

ASA: Change Of Mandate For This CEF (NYSE:ASA)

Axel Merk Calls on ASA Board to Give Shareholders Liquidity at Nav Before Saba BDC Conversion

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:

ASA Gold board approves conversion to business development company

ASA Gold and Precious Metals Says Board Approves Proposed BDC Conversion

ASA Gold and Precious Metals Limited Announces Board Approval of Proposed Conversion to Business Development Company

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 & Precious Metals: A 15% Discount Is Tempting (NYSE:ASA)

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.