Saba reports 32% stake in ASA Gold & Precious Metals
ASA Gold and Precious Metals Limited is the subject of an updated ownership report from Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein.
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Rhea-AI Filing Summary
ASA Gold and Precious Metals Limited is the subject of an updated ownership report from Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. The group reports beneficial ownership of 5,903,701 common shares, representing 32.16% of ASA’s 18,356,816 common shares outstanding as of May 31, 2026, with shared voting and dispositive power over all reported shares. Approximately $173,266,631 was paid to acquire these shares.
On July 30, 2026, Saba Capital enhanced its proposal for ASA’s restructuring into a Business Development Company to include the potential retention of a private credit manager as a subadviser to assist with portfolio management. The reporting persons state there were no transactions in ASA common shares during the 60 days prior to July 30, 2026.
Key Figures
Key Terms
Schedule 13D regulatory
beneficial owner regulatory
Business Development Company financial
margin account borrowings financial
subadviser financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in ASA (ASA) does Saba Capital report in this Schedule 13D/A amendment?
What strategic change did Saba Capital propose for ASA (ASA) on July 30, 2026?
How was Saba Capital’s 32.16% ownership in ASA (ASA) calculated?
Who are the reporting persons in the ASA (ASA) Schedule 13D/A Amendment No. 26?
AI-generated analysis. How Rhea-AI works. Not financial advice.