ASA Gold & Precious Metals Ltd Proxy Filing

TL;DR

ASA Gold & Precious Metals filed more proxy docs, nothing major yet.

AI Summary

ASA Gold and Precious Metals Limited filed a Definitive Additional Materials proxy statement on March 18, 2024. This filing relates to the company's solicitation of proxies. The filing does not appear to contain specific financial figures or proposals but serves as supplementary material to a previous proxy statement.

Why It Matters

This filing is a routine regulatory submission for ASA Gold and Precious Metals Ltd, providing additional materials related to their proxy solicitation process, which is crucial for shareholder voting on corporate matters.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement supplement and does not appear to contain new or significant financial information or proposals that would immediately impact the company's risk profile.

Key Players & Entities

• ASA Gold and Precious Metals Limited (company) — Registrant
• 0001999371-24-003644 (filing_id) — Accession Number
• 20240318 (date) — Filing Date

FAQ

Filing Documents

• asa-defa14a_031824.htm (DEFA14A) — 57KB
• asadefa14a001.jpg (GRAPHIC) — 12KB
• asadefa14a002.jpg (GRAPHIC) — 22KB
• asadefa14a003.jpg (GRAPHIC) — 9KB
• asadefa14a004.jpg (GRAPHIC) — 23KB
• asadefa14a005.jpg (GRAPHIC) — 198KB
• asadefa14a006.jpg (GRAPHIC) — 89KB
• asadefa14a007.jpg (GRAPHIC) — 81KB
• asadefa14a008.jpg (GRAPHIC) — 112KB
• asadefa14a009.jpg (GRAPHIC) — 89KB
• asadefa14a010.jpg (GRAPHIC) — 12KB
• 0001999371-24-003644.txt ( ) — 950KB

From the Filing

SOLICITATION 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. Saba's Siren Song Risks Dismantling Mining Fund I'm passionate about Fed policy, fiscal policy, and cautioning against Saba's siren song. What do they have in common? Throughout my life, when faced with potentially harmful policies or actions, I've been motivated to speak up and act, creating products to empower investors. Seeing Saba potentially mislead investors, with implications not just for NYSE:ASA , the closed- end mining fund we manage, but for the entire mining industry, I cannot stay silent. Please read our latest Insight : Saba's Siren Song Risks Dismantling Mining Fund 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 States Securities and Exchange Commission and domiciled in Bermuda. ASA is one of the oldest investment management firms focused on the 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. Saba’s Siren Song Risks Dismantling Mining Fund Axel Merk, Merk Investments I'm passionate about Fed policy, fiscal policy, and cautioning against Saba's siren song. What do they have in common? Throughout my life, when faced with potentially harmful policies or actions, I've been motivated to speak up and act, creating products to empower investors. Seeing Saba potentially mislead investors, with implications not just for NYSE:ASA, the closed-end mining fund we manage, but for the entire mining industry, I cannot stay silent. Saba's siren song: Alluring promises, but misleading? Saba recently sent ASA investors a letter stating, “ Eliminating the Fund’s discount would generate a 20% gain for shareholders. Saba’s nominees have been successful in reducing discounts in dozens of similar situations .” Despite the fact that Saba is an SEC-registered investment adviser and has a duty not to mislead clients or investors, such statements by Saba give investors the false impression that they could be in for a quick buck, making a 20% gain if investors only vote for Saba’s director nominees. However, they offer no factual support for these types of claims. What’s going on is hiding in plain sight. First, for context, closed-end funds like ASA trade on the NYSE based on supply and demand and, unlike ETFs, do not have an automatic arbitrage mechanism that have ETFs trade at net asset value (NAV). More on that below, but first. Let’s dig into Saba’s statements. “Eliminating the Fund’s discount would generate a 20% gain for

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View this DEFA14A filing on SEC EDGAR