ASA Gold & Precious Metals Ltd. Proxy Filing

TL;DR

ASA Gold & Precious Metals Ltd. filed proxy materials on 3/13/24. Check it out.

AI Summary

ASA Gold & Precious Metals Ltd. filed a Definitive Additional Materials proxy statement on March 13, 2024. The filing is related to proxy materials for the company, which is incorporated in Delaware and has a fiscal year end of November 30. The company's business and mailing address are with Apex Fund Services in Portland, Maine.

Why It Matters

This filing provides important information to shareholders regarding company matters, potentially influencing voting decisions on corporate governance and other proposals.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain information that inherently increases risk for investors.

Key Players & Entities

• ASA Gold & Precious Metals Ltd (company) — Filer of the proxy statement
• Apex Fund Services (company) — Agent for business and mailing address
• 20240313 (date) — Filing date

FAQ

Key Financial Figures

• $300 million — ong precious metals funds, NYSE:ASA, a +$300 million closed-end fund investing in gold and p
• $300m — rtial waiver of management fees above US$300mm. “changing the Fund’s in

Filing Documents

• asa-defa14a_031324.htm (DEFA14A) — 68KB
• asa_defa14a-img001.jpg (GRAPHIC) — 12KB
• asa_defa14a-img002.jpg (GRAPHIC) — 45KB
• asa_defa14a-img003.jpg (GRAPHIC) — 9KB
• asa_defa14a-img004.jpg (GRAPHIC) — 68KB
• asa_defa14a-img005.jpg (GRAPHIC) — 76KB
• asa_defa14a-img006.jpg (GRAPHIC) — 104KB
• asa_defa14a-img007.jpg (GRAPHIC) — 20KB
• 0001999371-24-003468.txt ( ) — 529KB

From the Filing

DEFINITIVE PROXY SOLICITING MATERIALS UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 ASA Gold and Precious Metals Limited (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a–6(i)(1) and 0–11. Fee paid previously with preliminary materials. ASA: Precious Metal Miners at a Discount Attracts Saba Among precious metals funds, NYSE:ASA, a +$300 million closed-end fund investing in gold and precious metals since 1958, is truly unique. Now activist investor Saba threatens to replace ASA's board and potentially repurpose the fund. If Saba succeeds in taking control of ASA, I believe it will be detrimental not only for ASA shareholders, but also for the companies ASA invests in and the gold mining sector. ASA's fate matters regardless of whether you are a shareholder. Please read our latest Insight : ASA: Precious Metal Miners at a Discount Attracts Saba Best wishes, Axel Axel Merk Merk Investments LLC Established in 1958, ASA Gold and Precious Metals Limited is a closed-end precious metals and mining fund (NYSE: ASA) registered with the United precious metals and mining industry. Certain Tax Information: ASA is a "passive foreign investment company" for United States federal income tax purposes. As a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the tax consequences of their investment in the Company's common shares. This report was prepared by Merk Investments LLC ("Merk Investments"), and reflects the current opinion of the authors. It is based upon sources and data believed to be accurate and reliable. Merk Investments makes no representation regarding the advisability of investing in the products herein. The information contained herein reflects Merk Investments' current views and opinions with respect to, among other things, future events and financial performance. Charts, graphs, and tables are provided for illustrative purposes only. Any forward-looking statements contained herein are based on current estimates and expectations. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute investment advice and is not intended as an endorsement of any specific investment. The information contained herein is general in nature and is provided solely for educational and informational purposes. The information provided does not constitute legal, financial or tax advice. You should obtain advice specific to your circumstances from your own legal, financial and tax advisors. Past performance is no guarantee of future results. ASA: Precious Metal Miners at a Discount Attracts Saba Axel Merk, Merk Investments Among precious metals funds, NYSE:ASA, a +$300 million closed-end fund investing in gold and precious metals since 1958, is truly unique. Now activist investor Saba threatens to replace ASA’s board and potentially repurpose the fund. If Saba succeeds in taking control of ASA, I believe it will be detrimental not only for ASA shareholders, but also for the companies ASA invests in and the gold mining sector. ASA’s fate matters regardless of whether you are a shareholder. Precious metals investments vary Precious metals investments have different risk profiles depending on whether you invest, say, in physical gold, large producers, royalty companies or exploration and development companies. ASA, unlike a mutual fund or ETF, doesn't accept new money, nor can investors redeem their investment at net asset value. Instead, the shares trade on the NYSE and investors buy and sell the shares on the secondary market. Free from daily in-flows and outflows, ASA can invest for the long term, often in what are illiquid securities. That's precisely what we've done since shareholders approved Merk as the portfolio manager of ASA in April 2019: shifting the fund’s portfolio into small cap mining companies that today comprise over 70% of ASA's assets. When the precious metal sector took off in late 2019 and the following year, ASA substantially outperformed. Subsequently, the Federal Reserve's "higher for longer" environment provided a headwind. Unsurprisingly, since Fed Chair Powell signaled ending "higher for longer" last fall, share prices of junior mining compa

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