Saba Capital Management Amends ASA Gold Filing
Ticker: ASA · Form: SC 13D/A · Filed: May 1, 2024 · CIK: 1230869
| Field | Detail |
|---|---|
| Company | Asa Gold & Precious Metals Ltd (ASA) |
| Form Type | SC 13D/A |
| Filed Date | May 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-activity
TL;DR
Saba Capital updated its ASA Gold filing on 5/1/24. Watch this space.
AI Summary
Saba Capital Management, L.P. has amended its Schedule 13D filing regarding ASA Gold & Precious Metals Ltd. as of May 1, 2024. The filing indicates changes in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. Saba Capital Management, L.P. is a significant entity involved in this filing.
Why It Matters
This amendment signals potential shifts in major shareholder positions for ASA Gold & Precious Metals Ltd., which could influence the company's stock performance and strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant activity by large shareholders, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- ASA Gold & Precious Metals Ltd (company) — Subject company
- Michael D'Angelo (person) — Authorized contact for Saba Capital Management
FAQ
What specific changes in beneficial ownership are reported in this amendment?
This excerpt does not specify the exact changes in beneficial ownership, only that an amendment to the Schedule 13D filing has been made.
When was this amendment filed?
The filing was made on May 1, 2024.
Who is the subject company of this filing?
The subject company is ASA Gold & Precious Metals Ltd.
Who is the entity making the filing?
Saba Capital Management, L.P. is the entity filing the amendment.
What is the CUSIP number for ASA Gold & Precious Metals Ltd. Common Shares?
The CUSIP number is G3156P103.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-05-01 14:55:13
Key Financial Figures
- $1 — Ltd (Name of Issuer) Common Shares, $1 par value (Title of Class of Securitie
Filing Documents
- p24-1602sc13da.htm (SC 13D/A) — 52KB
- 0000902664-24-003133.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: The following disclosure is being provided to amend and restate the disclosure previously included in Item 4 of amendment number 7 of this schedule 13D. 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. 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: May 1, 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