ASA Gold & Precious Metals Ltd: Saba Capital Management, L.P. and Boaz Weinstein, identified as a director and a 10% owner, reported acquiring 327,900 shares of ASA common stock on 08/11/2025 at $35 per share. Following the transaction, the reporting parties beneficially own 3,686,546 shares indirectly. No derivative transactions were reported in the filing.
ASA Gold & Precious Metals reported insider purchases by Saba Capital Management, L.P. and director Boaz Weinstein totaling 104,809 common shares across 08/07/2025 and 08/08/2025. Purchases were at $34.73 and $35.22, increasing reported indirect beneficial ownership to 3,358,646 shares. The filing shows no derivative transactions.
Amendment No. 11 to Schedule 13D reveals that activist investor Saba Capital Management, L.P., its GP and founder Boaz R. Weinstein together hold 3,253,837 ASA common shares, equal to 17.24 % of the 18.9 m shares outstanding. All voting and dispositive power is shared; none is held solely.
On 6 Aug 2025 directors Mary Joan Hoene and William Donovan resigned and signed a standstill agreement with Saba entities that limits their future actions regarding the company and includes mutual non-disparagement and release clauses (filed as Exhibit 6). The reporting persons executed no ASA share transactions in the 60 days prior to the event. Economic benefits from the shares accrue to funds and accounts advised by Saba. The filing underscores continued activist pressure and sets the stage for possible governance or strategic changes at the precious-metals closed-end fund.