Welcome to our dedicated page for ASA Gold and Precious Metals news (Ticker: ASA), a resource for investors and traders seeking the latest updates and insights on ASA Gold and Precious Metals stock.
ASA Gold and Precious Metals Limited (NYSE: ASA) is a non-diversified, closed-end fund focused on long-term capital appreciation in the precious metals and minerals sector. This news page aggregates Company and market communications that relate to ASA’s operations, governance and investment activities, giving investors a central view of developments affecting the fund.
Readers can find announcements about distributions, where ASA has highlighted its history of paying periodic distributions on an uninterrupted basis since 1959. The news flow also includes updates on Board composition, such as the election, appointment and resignation of directors, and the outcomes of annual and special shareholder meetings where investors vote on director slates and other proposals.
Because ASA concentrates in gold and precious minerals, its news often reflects sector-specific themes, including commentary on discount management programs, shareholder rights plans and governance matters involving large shareholders. Releases describe the adoption and later expiration of a limited-duration shareholder rights plan, related court decisions under the Investment Company Act of 1940, and subsequent settlements and litigation updates in both U.S. and Bermuda courts.
In addition, ASA’s communications provide context on its advisory relationship with Merk Investments LLC and on changes in key service providers and officers as disclosed in proxy materials. For investors and observers of closed-end funds and precious metals strategies, following ASA’s news can help explain how governance decisions, legal developments and distribution policies intersect with the fund’s stated objective of long-term capital appreciation in the precious metals and minerals space. Bookmark this page to review new releases as they are issued.
ASA Gold and Precious Metals Limited (NYSE: ASA) has announced a distribution of $0.01 per common share, payable on November 24, 2021, to shareholders of record by November 15, 2021. This distribution will be funded from undistributed realized gains due to a low level of dividends received by the portfolio. The Company has maintained uninterrupted distributions since 1959, focusing primarily on long-term capital appreciation through investments in precious metals and related companies, with a fundamental policy of investing at least 80% of its total assets in relevant sectors.
ASA Gold and Precious Metals Limited (NYSE: ASA) has declared a $0.01 per common share distribution, payable on May 21, 2021, to shareholders of record as of May 20, 2021. This distribution is sourced from undistributed realized gains due to a low level of dividends received. The Company has maintained uninterrupted distributions since 1959. Additionally, the annual general meeting held on March 19, 2021, resulted in the re-election of directors and the confirmation of Tait, Weller & Baker LLP as the independent auditors for the fiscal year ending November 30, 2021.
ASA Gold and Precious Metals Limited (NYSE: ASA) announced a distribution of $0.01 per common share, payable on November 25, 2020, to shareholders on record as of November 16, 2020. This distribution is sourced from accumulated undistributed net investment income due to low dividends from the portfolio, raising concerns about future sustainability. The company has maintained uninterrupted distributions since 1959. Additionally, Merk Investments LLC will waive part of its advisory fee starting December 1, 2020, equal to 0.05% on net assets exceeding $300 million and 0.10% on those over $500 million.