ASA Gold & Precious Metals Ltd Proxy Filing

TL;DR

ASA Gold & Precious Metals Ltd filed proxy materials, get ready for shareholder votes.

AI Summary

ASA Gold and Precious Metals Limited filed a Definitive Additional Materials proxy statement on April 8, 2024. This filing is related to the company's solicitation of proxies. The company is incorporated in Delaware and has a fiscal year end of November 30.

Why It Matters

This filing indicates the company is actively engaging with shareholders regarding corporate matters, which can influence investment decisions.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain information suggesting immediate financial risk.

Key Players & Entities

• ASA Gold and Precious Metals Limited (company) — Registrant
• ASA Gold and Precious Metals Limited (company) — Filer
• ASA LTD (company) — Former Company Name
• ASA BERMUDA LTD (company) — Former Company Name
• APEX FUND SERVICES (company) — Business and Mail Address Provider

FAQ

Key Financial Figures

• $0.02 — creased our semi-annual distribution to $0.02 per share, and Merk Investments has agr
• $100 million — er the next 12 months on assets between $100 million and $300 million. This new waiver is in
• $300 million — nths on assets between $100 million and $300 million. This new waiver is in addition to Merk
• $500 m — llion and an extra 0.10% on assets over $500 million, which has already saved investor
• $155,000 — which has already saved investors over $155,000 through March 2024. Your immediate act

Filing Documents

• asa-defa14a_040824.htm (DEFA14A) — 13KB
• asa-001.jpg (GRAPHIC) — 1KB
• asa_001.jpg (GRAPHIC) — 16KB
• 0001999371-24-004581.txt ( ) — 38KB

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 GOLD AND PRECIOUS METALS, LIMITED (NYSE: ASA) April 8, 2024 Dear Fellow Shareholder : The ASA Annual General Meeting is less than three weeks away. The meeting will be held on April 26. As you are likely aware, Saba, a dissident shareholder, has commenced a proxy fight to remove ASA’s current directors and replace them with Saba’s handpicked nominees who have zero experience in the gold, minerals, and mining industry. Accordingly, shareholders will vote at the meeting to determine control of ASA’s Board. It is important that you vote FOR the election of each of the ASA director nominees using the WHITE proxy card. I have been actively updating you about Saba’s misleading statements. It is important to know that Saba’s nominees, if elected, will only serve Saba's short-term interests. Commitment to Share Holder Value In the face of the proxy contest, we’ve taken steps to directly benefit you. We’ve increased our semi-annual distribution to $0.02 per share, and Merk Investments has agreed to an additional 0.05% fee waiver over the next 12 months on assets between $100 million and $300 million. This new waiver is in addition to Merk's existing policy of waiving 0.05% of fees on assets over $300 million and an extra 0.10% on assets over $500 million, which has already saved investors over $155,000 through March 2024. Your immediate action is required: please vote FOR each of the ASA director nominees by signing, dating, and returning the WHITE proxy card in the enclosed pre-paid envelope or vote online as per the instructions on the card. You should NOT vote using any Gold proxy card sent by Saba as doing so will cancel your vote on the WHITE card. If you have questions regarding the shareholder meeting or need assistance in voting, please contact our proxy solicitor, Morrow Sodali Fund Solutions, at 1-888-339-9243. Sincerely, Axel Merk Chief Operating Officer

View Full Filing

View this DEFA14A filing on SEC EDGAR