Saba Capital Management Amends ASA Gold Filing
Ticker: ASA · Form: SC 13D/A · Filed: Apr 30, 2024 · CIK: 1230869
| Field | Detail |
|---|---|
| Company | Asa Gold & Precious Metals Ltd (ASA) |
| Form Type | SC 13D/A |
| Filed Date | Apr 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
Related Tickers: ASA
TL;DR
Saba Capital updated its ASA Gold filing on 4/30. Still watching.
AI Summary
Saba Capital Management, L.P. has amended its Schedule 13D filing regarding ASA Gold & Precious Metals Ltd. as of April 30, 2024. The filing indicates Saba Capital Management, L.P. holds a significant stake in the company, though specific share counts and dollar values are not detailed in this excerpt. This amendment likely relates to ongoing disclosures of beneficial ownership.
Why It Matters
This filing update from Saba Capital Management, a known activist investor, signals continued interest and potential strategic moves concerning ASA Gold & Precious Metals Ltd.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or activist campaigns, introducing uncertainty.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- ASA Gold & Precious Metals Ltd (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital
FAQ
What is the specific date of the amendment to the Schedule 13D filing?
The filing was made as of April 30, 2024.
Who is the filing entity making the amendment?
Saba Capital Management, L.P. is the entity filing the amendment.
What company is the subject of this Schedule 13D/A filing?
The subject company is ASA Gold & Precious Metals Ltd.
What is the address and phone number provided for Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and their business phone number is (212) 542-4635.
What is the CUSIP number for ASA Gold & Precious Metals Ltd. common shares?
The CUSIP number for ASA Gold & Precious Metals Ltd. common shares is G3156P103.
Filing Stats: 1,018 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-04-30 21:54:59
Key Financial Figures
- $1 — Ltd (Name of Issuer) Common Shares, $1 par value (Title of Class of Securitie
Filing Documents
- p24-1588sc13da.htm (SC 13D/A) — 52KB
- 0000902664-24-003116.txt ( ) — 54KB
is hereby amended and supplemented by the addition of the following
Item 4 is hereby amended and supplemented by the addition of the following: At the Issuer’s Annual General Meeting of Shareholders held on April 26, 2024, Paul Kazarian (a Partner at Saba Capital) and Ketu Desai were elected to the Board. Subsequently on April 30, 2024, Messrs. Kazarian and Desai—who constituted the entirety of the Board—appointed Frederic Gabriel and Garry Khasidy—to the Board to fill two casual vacancies. CUSIP No. G3156P103 SCHEDULE 13D/A Page 6 of 6 Pages
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: April 30, 2024 SABA CAPITAL Management, L.P. By: /s/ Michael D’Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL Management GP, LLC By: /s/ Michael D’Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D’Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823