Saba Capital Management Amends ASA Gold & Precious Metals Filing

TL;DR

Saba Capital updated its stake in ASA Gold & Precious Metals. Watch for more details.

AI Summary

Saba Capital Management, L.P. has amended its Schedule 13D filing regarding ASA Gold & Precious Metals Ltd, as of September 23, 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 the filer, with its principal business address in New York, NY.

Why It Matters

This amendment signals potential shifts in significant shareholder positions, which could influence the market perception and trading activity of ASA Gold & Precious Metals Ltd.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate active engagement or changes in strategy by significant shareholders, which can introduce volatility.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
• ASA Gold & Precious Metals Ltd (company) — Subject company of the filing
• Boaz R. Weinstein (person) — Group member associated with Saba Capital Management

FAQ

Key Financial Figures

• $1 — ls Ltd (Name of Issuer) Common Shares, $1 par value (Title of Class of Securities
• $5,000 — reed to advance an amount not to exceed $5,000 to cover the reimbursement of fees each

Filing Documents

• formsc13da.htm (SC 13D/A) — 50KB
• exhibit4.htm (EX-4) — 16KB
• 0001062993-24-016879.txt ( ) — 68KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: On September 19, 2024, Saba Capital Master Fund, Ltd., Saba Capital Bluebird Fund, Ltd., Saba Capital CEF Opportunities 2, Ltd., and Saba Capital Carry Neutral Tail Hedge (together, the "Registered Shareholders"), submitted to the Issuer a notice of requisition, pursuant to Section 79 of the Companies Act 1981 of Bermuda, to nominate a slate of persons, Ketu Desai, Paul Kazarian, Karen Caldwell and Neal Neilinger, for election as directors at the Issuer's 2025 annual general meeting of shareholders (the "Annual Meeting"). Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

is hereby amended and supplemented by the addition of the following

Item 6 is hereby amended and supplemented by the addition of the following: Each of Ms. Caldwell and Mr. Neilinger has entered into a nomination agreement (collectively, the "Nominee Agreement") with Saba Capital substantially in the form attached as Exhibit 4 to this Schedule 13D/A whereby they each agreed to become a member of a slate of nominees and stand for election as a director of the Issuer in connection with a proxy solicitation which may be conducted in respect of the Annual Meeting and whereby Saba Capital has agreed to advance an amount not to exceed $5,000 to cover the reimbursement of fees each of Ms. Caldwell and Mr. Neilinger may incur in connection with his or her respective nomination and defend and indemnify them against, and with respect to, any losses that may be incurred by them in the event they become a party to litigation based on their nomination as candidates for election to the Board and the solicitation of proxies in support of their election. The foregoing summary of the Nominee Agreement is not complete and is qualified in its entirety by reference to the full text of the form of Nominee Agreement, a copy of which is attached as Exhibit 4 and is incorporated by reference herein. CUSIP No. G3156P103 Page 6 of 7 Pages Item 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 4: Form of Nominee Agreement CUSIP No. G3156P103 Page 7 of 7 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: September 23, 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

View Full Filing

View this SC 13D/A filing on SEC EDGAR