ASA
ASA Gold and Precious Metals Limited57.30
+0.02+0.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.08BP/E (TTM)
4.11Basic EPS (TTM)
13.93Dividend Yield
0%Recent Filings
8-K
Rights plan expires; directors resign
ASA Gold and Precious Metals Limited's shareholder rights plan expired on July 29, 2025, with no new plan adopted and the Rights Plan Committee set for termination. Independent directors Mary Joan Hoene and William Donovan resigned effective August 6, 2025, leaving the board with Maryann Bruce, Ketu Desai, and Paul Kazarian. Ongoing litigations in U.S. and Bermuda courts settled confidentially without admissions of liability, paving the way for board stability. Resignations clear the deck.
8-K
ASA adopts anti-takeover rights plan
ASA Gold and Precious Metals Limited's board adopted a limited-duration shareholder rights plan on March 30, 2025, distributing one right per common share to record holders on April 9, 2025, set to expire July 29, 2025, or after the next shareholder meeting. Triggered by Saba Capital Management's 17.18% stake and efforts to control the board without shareholder input, the plan deters acquisitions over 15% ownership—grandfathering existing holders but blocking further buys beyond 0.25%—to protect the fund's precious metals focus. This shields against unwanted strategy shifts. Saba's push threatens core identity.
8-K
Court rescinds ASA's poison pill
A New York federal court ruled on March 28, 2025, that ASA Gold and Precious Metals Limited's December 2024 shareholder rights plan violates the Investment Company Act's 120-day expiration rule, mandating its rescission. The plan, a poison pill aimed at curbing activist investor Saba Capital's stake growth from 5% to over 15%, had been successively extended without true expiration. This opens the door for Saba's influence. Yet control battles persist.
8-K
ASA adopts anti-takeover rights plan
ASA Gold and Precious Metals Limited's board committee adopted a limited-duration shareholder rights plan on December 19, 2024, distributing one right per common share to holders as of January 9, 2025, expiring April 18, 2025. The plan triggers if any entity acquires 15% or more ownership, allowing other shareholders to buy shares at $1.00, deterring Saba Capital Management's 17.18% stake from creeping control without a premium. This shields long-term value amid ongoing proxy battles and litigation. Yet Saba's influence grows.
8-K
Board governance deadlock intensifies
ASA Gold and Precious Metals Limited's board faces a deadlock between two new directors elected in April 2024 and two legacy directors, sparking governance disputes over 'sham' committees formed to handle a rights plan and Saba Capital litigation. Separate counsel for each faction seeks reimbursement, while tensions escalate around the 2025 AGM slate and advisory agreement renewal due in March 2025. This impasse risks operational disruptions. Committees undermine full board input.
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