Saba Capital (NYSE: ASA) reports late-January common share purchases

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of ASA Gold & Precious Metals Ltd (ASA), reported two open-market purchases of common stock. On January 27, 2026, it bought 3,730 shares at $73.15 per share. On January 28, 2026, it bought an additional 57,165 shares at $75.32 per share. Following these transactions, Saba Capital indirectly beneficially owned 5,527,657 ASA common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASA Gold & Precious Metals Ltd [ ASA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/27/2026		P		3,730	A	$73.15	5,470,492	I	-
Common Stock	01/28/2026		P		57,165	A	$75.32	5,527,657	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	01/29/2026
	Boaz Weinstein	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Saba Capital report in this ASA (ASA) Form 4 filing?

Saba Capital Management, L.P. reported buying additional ASA Gold & Precious Metals Ltd common shares. It disclosed two open-market purchases on January 27 and 28, 2026, increasing its indirect beneficial ownership to 5,527,657 shares.

How many ASA (ASA) shares did Saba Capital buy on January 27, 2026?

On January 27, 2026, Saba Capital bought 3,730 ASA common shares. The shares were purchased in the open market at a price of $73.15 per share and were reported as indirectly owned following the transaction.

How many ASA (ASA) shares did Saba Capital buy on January 28, 2026?

On January 28, 2026, Saba Capital bought 57,165 ASA common shares. These shares were acquired in the open market at a price of $75.32 per share and were reported as indirectly owned after the purchase.

What is Saba Capital’s total indirect ownership in ASA (ASA) after these trades?

After the reported transactions, Saba Capital indirectly beneficially owned 5,527,657 ASA common shares. This total reflects its position following the January 28, 2026 purchase disclosed in the Form 4 filing.

What type of transactions did Saba Capital report for ASA (ASA)?

The transactions were coded as “P”, indicating open-market or private purchases of non-derivative ASA common stock. Both trades increased Saba Capital’s indirect beneficial ownership position in the issuer.

Is Saba Capital considered an insider or large shareholder of ASA (ASA)?

Yes. Saba Capital Management, L.P. is identified in the filing as a 10% owner of ASA Gold & Precious Metals Ltd, meaning it holds at least ten percent of the company’s outstanding common shares.