Saba Capital Increases Indirect Stake in ASA to 4.73M Shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., reported a purchase of 23,813 shares of ASA Gold & Precious Metals Ltd (ASA) on 10/08/2025 at a price of $48.17 per share. After the transaction the reporting person beneficially owns 4,727,139 shares on an indirect basis. The filing is a Form 4 disclosure of changes in beneficial ownership signed on 10/09/2025.

Positive

• Purchased 23,813 shares at $48.17, signalling additional insider-related buying
• Indirect beneficial ownership increased to 4,727,139 shares, showing continued exposure

Negative

• None.

Insights

Equity Insider Transactions Analyst

Insider purchase increased indirect stake to 4.73M shares.

The reported transaction is a purchase of 23,813 common shares executed on 10/08/2025 at $48.17, recorded on a Form 4. The ownership is held indirectly, with total beneficial ownership of 4,727,139 shares following the trade.

This transaction shows an incremental increase in exposure by the reporting entity; the primary risk to note is that the filing does not disclose whether additional purchases or sales are planned. Monitor subsequent Section 16 filings for changes in the reported indirect stake within the next reporting cycle.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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)
10/08/2025

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	10/08/2025		P		23,813	A	$48.17	4,727,139	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	10/09/2025
	Boaz Weinstein	10/09/2025
	** 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 for ASA (ASA)?

The filing reports a purchase of 23,813 shares on 10/08/2025 at $48.17, increasing indirect beneficial ownership to 4,727,139 shares.

What type of SEC form was filed for ASA?

A Form 4 was filed to disclose a change in beneficial ownership by a reporting person.

Was the ownership held directly or indirectly in the ASA Form 4?

The filing shows the shares are held indirectly (listed as I in the ownership form).

When was the ASA transaction executed and when was the form signed?

The transaction date is 10/08/2025 and the Form 4 is signed on 10/09/2025.

Who signed the Form 4 for the ASA transaction?

The form is signed by Zachary Gindes and Boaz Weinstein on 10/09/2025.