STOCK TITAN
  1. Home
  2. News
  3. ASA

ASA Gold and Precious Metals Ltd - ASA STOCK NEWS

Welcome to our dedicated news page for ASA Gold and Precious Metals (Ticker: ASA), a resource for investors and traders seeking the latest updates and insights on ASA Gold and Precious Metals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ASA Gold and Precious Metals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ASA Gold and Precious Metals's position in the market.

News
ASA Gold and Precious Metals Limited Announces Adoption of Discount Management Program
Rhea-AI Summary
ASA Gold and Precious Metals announced the adoption of a Discount Management Program, authorizing the repurchase of up to 5% of company stock. The program aims to enhance shareholder value by purchasing shares at a discount to Net Asset Value per share. The Board's decision follows shareholder input and aims to improve the company's trading discount while maintaining its investment strategy. The initiative may increase liquidity for shareholders and create value through share repurchases below NAV. The company will report repurchase activity quarterly, with purchases made opportunistically based on historical discount levels and market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
-
News
ISS Supports Saba Capital’s Case for Change at ASA Gold and Precious Metals Limited
Rhea-AI Summary
ISS supports Saba Capital's case for change at ASA Gold and Precious Metals , recommending shareholders vote for Saba's director candidates due to concerns over the board's defensive maneuvers and ASA's persistent discount to NAV. Saba's nominees aim to enhance shareholder value and improve governance practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
-
News
ASA Gold and Precious Metals Limited Announces Increase To Semi-Annual Distribution and Additional Voluntary Fee Waiver by its Adviser
Rhea-AI Summary
ASA Gold and Precious Metals (ASA) declares a distribution of $0.02 per common share, doubling the rate since 2018. Merk Investments waives a portion of its advisory fee in response to a proxy contest initiated by Saba Capital Management, L.P.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
none
News
Saba Capital Files Lawsuit Against ASA Gold and Precious Metals and its Board of Directors Over Unlawful Shareholder Rights Plan
Rhea-AI Summary
Saba Capital Management, L.P. has filed a lawsuit against ASA Gold and Precious Metals Limited and its Board of Directors for adopting a discriminatory and unlawful shareholder rights plan, violating the Investment Company Act of 1940. The lawsuit seeks to invalidate the poison pill, targeting the company's entrenchment and fees over complying with the law and respecting shareholders' rights. ASA's behavior violates investor protection regulations, potentially causing severe dilution and economic harm to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.8%
Tags
management
-
News
ASA Gold and Precious Metals Fund Adopts Limited-Duration Shareholder Rights Plan
Rhea-AI Summary
ASA Gold and Precious Metals Limited (NYSE:ASA) adopts a limited-duration shareholder rights plan to protect against significant share accumulation by Saba Capital Management, LP, aiming to prevent creeping control and safeguard long-term value for all shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
none
-
News
ASA Gold and Precious Metals Limited Announces Distribution Declaration
Rhea-AI Summary
ASA Gold and Precious Metals Limited declares a distribution of $0.01 per common share payable on November 22, 2023. The Company has paid uninterrupted distributions since 1959.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
News
ASA Gold and Precious Metals Limited Announces Distribution Declaration and Results of Vote at Annual General Meeting
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
ASA Gold and Precious Metals Limited Announces Appointment of Director Alexander G. Merk and Distribution Declaration
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
management
-
News
ASA Gold and Precious Metals Limited Announces Distribution Declaration and Results of Vote at Annual General Meeting
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
News
ASA Gold and Precious Metals Limited Announces Distribution Declaration
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
none
Stock ASA logo
ASA Gold and Precious Metals Ltd

NYSE:ASA

ASA Rankings

#3325 Ranked by Market Cap
#1150 Ranked by Stock Gains
#2074 Ranked by Dividends

ASA Stock Data

324.84M
15.89M
0.73%
56.45%
0.2%
Asset Management
Financial Services
Link
US
Portland

About ASA

established in 1958, asa gold and precious metals limited (“the company”) is a closed-end precious metals and mining fund registered with the united states securities and exchange commission and domiciled in bermuda. the company is one of the oldest investment management firms focused solely on the precious metals and mining industry. managed by an experienced investment team, asa invests primarily in the securities of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals. investment decisions are supported with thorough bottom-up analysis based on fundamental research, due diligence mine visits and hundreds of meetings with mining executives and specialists each year. the common shares of the company are listed on the new york stock exchange under the ticker symbol “asa”. the company is managed internally by its directors and officers.