ASA Gold and Precious Metals Limited (ASA) holder Saba details 32% stake, BDC plan

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

Beneficial ownership: 5,903,701 common shares Ownership percentage: 32.16 % Shares outstanding: 18,356,816 shares +2 more

5 metrics

Beneficial ownership 5,903,701 common shares Shares beneficially owned by each reporting person

Ownership percentage 32.16 % Portion of ASA common shares class represented by Saba’s holdings

Shares outstanding 18,356,816 shares ASA common shares outstanding as of 5/31/26 per N-CSRS

Total purchase cost $173,266,631 Approximate amount paid to acquire reported ASA common shares

Event date 07/30/2026 Date of the event requiring Amendment No. 26 to Schedule 13D

Key Terms

Schedule 13D, beneficial owner, Business Development Company, margin account borrowings, +1 more

5 terms

Schedule 13D regulatory

"This Amendment No. 26 amends Items 4 and 5."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficial owner regulatory

"beneficial owner of the Common Shares reported herein."

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Business Development Company financial

"the proposed restructured Company (a BDC)"

A business development company is a publicly traded investment vehicle that lends to and buys stakes in smaller or privately held companies, acting like a combination of a lender, investor, and business partner. It matters to investors because BDCs offer the potential for higher regular income through dividends and diversified exposure to growing businesses, but they can also carry greater credit and liquidity risk than typical stocks or bonds—think higher-yielding but riskier income instruments.

margin account borrowings financial

"and margin account borrowings made in the ordinary course of business."

subadviser financial

"retention of a private credit manager as a potential subadviser"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/03/2026 - 07:44 PM Accepted by SEC EDGAR 08/03/2026 - 07:44 PM Learn about SEC filing dates

FAQ

What ownership stake in ASA (ASA) does Saba Capital report in this Schedule 13D/A amendment?

Saba Capital and related reporting persons report beneficial ownership of 5,903,701 ASA common shares, representing 32.16% of the company’s outstanding common shares as of May 31, 2026, with shared voting and dispositive power over all reported shares.

How many ASA (ASA) shares did Saba Capital buy and what was the approximate total cost?

The reporting group acquired 5,903,701 ASA common shares at an aggregate cost of approximately $173,266,631. Funds came from investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings secured by securities in margin accounts.

What strategic change did Saba Capital propose for ASA (ASA) on July 30, 2026?

On July 30, 2026, Saba Capital enhanced its proposal for ASA’s restructuring into a Business Development Company to include potentially retaining a private credit manager as a subadviser to assist in managing the BDC’s investment portfolio.

How was Saba Capital’s 32.16% ownership in ASA (ASA) calculated?

The 32.16% ownership figure is based on 18,356,816 ASA common shares outstanding as of May 31, 2026, as disclosed in ASA’s N-CSRS filed July 28, 2026. Saba’s 5,903,701 shares are measured against this outstanding share count.

Did Saba Capital trade ASA (ASA) shares in the 60 days before July 30, 2026?

No. The reporting persons state that there were no transactions in ASA common shares during the 60 days prior to July 30, 2026, the date of the event that triggered this Schedule 13D/A amendment.

Who are the reporting persons in the ASA (ASA) Schedule 13D/A Amendment No. 26?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. Saba Capital acts as investment manager to funds and accounts that hold the ASA shares, and the others are related control entities or individuals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 26)

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)

07/30/2026

(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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 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 5,903,701.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,903,701.00

11

Aggregate amount beneficially owned by each reporting person

5,903,701.00

12

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

13

Percent of class represented by amount in Row (11)

32.16 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,356,816 shares of common stock outstanding as of 5/31/26, as disclosed in the company's N-CSRS filed 7/28/26.

SCHEDULE 13D

CUSIP Number(s): 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 5,903,701.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,903,701.00

11

Aggregate amount beneficially owned by each reporting person

5,903,701.00

12

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

13

Percent of class represented by amount in Row (11)

32.16 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,356,816 shares of common stock outstanding as of 5/31/26, as disclosed in the company's N-CSRS filed 7/28/26.

SCHEDULE 13D

CUSIP Number(s): 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 5,903,701.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,903,701.00

11

Aggregate amount beneficially owned by each reporting person

5,903,701.00

12

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

13

Percent of class represented by amount in Row (11)

32.16 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 18,356,816 shares of common stock outstanding as of 5/31/26, as disclosed in the company's N-CSRS filed 7/28/26.

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. 26 amends Items 4 and 5.
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 $173,266,631 was paid to acquire the Common Shares reported herein.
Item 4.	Purpose of Transaction
	On July 30, 2026, Saba Capital enhanced its proposal to include the retention of a private credit manager as a potential subadviser for the proposed restructured Company (a BDC) to assist with the portfolio management of the BDC.
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 18,356,816 shares of common stock outstanding as of 5/31/26, as disclosed in the company's N-CSRS filed 7/28/26.
(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)	No transactions in the Common Shares within the past sixty days prior to 7/30/26, the date of the event which required filing of this Schedule 13D/A.
(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.
	Not Applicable.

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:	08/03/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	08/03/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	08/03/2026

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