[SCHEDULE 13D/A] ASA GOLD AND PRECIOUS METALS LIMITED SEC Filing

Rhea-AI Filing Summary

Saba Capital Management, Saba Capital Management GP, LLC and Boaz R. Weinstein report beneficial ownership of 4,040,715 common shares of ASA Gold and Precious Metals Limited, representing 21.41% of the class based on 18,872,332 shares outstanding as of 5/31/25 per the issuer's N-CSRS. The Reporting Persons disclose that approximately $76,556,824 was paid to acquire these shares, funded by subscription proceeds, capital appreciation and margin borrowings, with margin positions pledged as collateral.

The group reports shared voting and dispositive power only, retains the right to receive dividends and proceeds of sales, states the transactions were all open-market trades (see Schedule A), and notes this Amendment No. 13 amends Items 3, 5 and 7.

Positive

• Reporting Persons beneficially own 4,040,715 shares (21.41% of class based on 18,872,332 outstanding)
• Approximate acquisition cost disclosed: $76,556,824
• Funding sources specified: subscription proceeds, capital appreciation and margin borrowings
• Rights to dividends and proceeds from the advised funds/accounts are explicitly retained
• Amendment updates provided: this is Amendment No. 13 amending Items 3, 5 and 7

Negative

• No stated purpose disclosed for the holdings (Item 4 marked Not Applicable)
• Only shared voting and dispositive power reported (no sole control)
• Part of acquisition funded via margin borrowings and margin positions are pledged as collateral

Insights

Financial Analyst

TL;DR: Saba and affiliates hold a material 21.41% stake in ASA, purchased for about $76.6M; financing and control details are disclosed.

The Schedule 13D/A shows a substantial position: 4,040,715 shares equal to 21.41% of the reported outstanding common stock. The filing discloses the approximate purchase cost of $76,556,824 and identifies funding sources including subscription proceeds, capital appreciation and margin borrowings, with margin positions pledged as collateral. The Reporting Persons report only shared voting and dispositive power, not sole control, and list the trades as open-market transactions in Schedule A. Item 4 is marked Not Applicable, so no stated transaction purpose is provided in this amendment.

Corporate Governance Expert

TL;DR: A >20% block is material for governance; however, the filing shows only shared authority and no declared intent to change control.

The disclosure is significant because it documents ownership above the 20% threshold and provides mechanics: shared voting/dispositive power for 4,040,715 shares and rights to dividends and sale proceeds. The amendment updates Items 3, 5 and 7 and references Schedule A for open-market transactions. The absence of a stated purpose in Item 4 means the Reporting Persons have not disclosed any specific plans or intent in this filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 13)

ASA Gold and Precious Metals Limited

(Name of Issuer)

Common Shares, $1 par value

(Title of Class of Securities)

G3156P103

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/12/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. G3156P103

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,040,715.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,040,715.00

11

Aggregate amount beneficially owned by each reporting person

4,040,715.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.41 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,872,332 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 7/30/25.

SCHEDULE 13D

CUSIP No. G3156P103

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,040,715.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,040,715.00

11

Aggregate amount beneficially owned by each reporting person

4,040,715.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.41 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,872,332 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 7/30/25.

SCHEDULE 13D

CUSIP No. G3156P103

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,040,715.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,040,715.00

11

Aggregate amount beneficially owned by each reporting person

4,040,715.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.41 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,872,332 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 7/30/25.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $1 par value
(b)	Name of Issuer: ASA Gold and Precious Metals Limited
(c)	Address of Issuer's Principal Executive Offices: Three Canal Plaza, Suite 600, Portland, MAINE , 04101.
Item 1 Comment: This Amendment No. 13 amends Items 3, 5, and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $76,556,824 was paid to acquire the Common Shares reported herein.
Item 4.	Purpose of Transaction
	Not Applicable.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 18,872,332 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 7/30/25.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 8/12/25 by the Reporting Persons to 8/12/25, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 8 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	08/13/2025

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	08/13/2025

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	08/13/2025

Comments accompanying signature:

Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

How many ASA (ticker ASA) shares do Saba Capital and affiliates beneficially own?

The Reporting Persons beneficially own 4,040,715 shares, representing 21.41% of the common stock based on 18,872,332 shares outstanding as of 5/31/25.

How much did Saba Capital pay to acquire its ASA stake?

Approximately $76,556,824 was paid to acquire the Common Shares reported in the filing.

Does the filing state a purpose for Saba's ASA holdings?

No. Item 4 is listed as Not Applicable, so the amendment does not disclose a transaction purpose.

What voting and disposition powers does Saba report over ASA shares?

The Reporting Persons report Shared Voting Power: 4,040,715 and Shared Dispositive Power: 4,040,715; no sole voting or dispositive power is reported.

Were the ASA shares acquired in the open market or by private purchase?

The filing states the transactions were all in the open market and are set forth in Schedule A incorporated by reference.