ASA Gold & Precious Metals Ltd 8K

ASA Gold and Precious Metals Limited’s board approved a plan to convert the company into a Delaware-domiciled, income-focused BDC managed by Saba Capital, subject to shareholder approval at the 2026 Annual Meeting.

ASA Gold and Precious Metals Limited (NYSE: ASA) announced that, following a months-long strategic review and the unanimous recommendation of its Special Committee, its Board of Directors has approved a proposal to convert the company from a Bermuda-domiciled, gold- and precious-metals focused registered closed-end investment company and PFIC into a Delaware-domiciled business development company (BDC) with a yield-oriented, credit-focused strategy managed by Saba Capital Management, L.P., and to change its U.S. federal income tax status to that of a regulated investment company (RIC), subject to shareholder approval of a new investment advisory agreement with Saba, elimination of the company’s fundamental gold-focused and other fundamental investment policies, and other conditions, with the conversion targeted for completion by year-end following a shareholder vote at the 2026 Annual General Meeting.

Filing Facts

CIK

1230869

Ticker

-

Form

8K

Source Type

sec

Accession

0001398344-26-016643

Alert Tier

8