ASA Gold and Precious Metals Limited
17.11%
3,253,837
1230869
G3156P103
Apr 6, 2025
Apr 8, 2025, 01:25 PM
Reporting Persons (3)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Saba Capital Management, L.P. | Partnership | 17.11% | 3,253,837 | 0 | 3,253,837 |
| Boaz R. Weinstein | Other | 17.11% | 3,253,837 | 0 | 3,253,837 |
| Saba Capital Management GP, LLC | Other | 17.11% | 3,253,837 | 0 | 3,253,837 |
Disclosure Items (7)
Common Shares, $1 par value
ASA Gold and Precious Metals Limited
Three Canal Plaza, Suite 600, Portland, ME, 04101
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.
The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
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.
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.
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.
Not Applicable.
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 19,015,312 shares of common stock outstanding as of 11/30/24, as disclosed in the company's N-CSR filed 2/4/25.
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.
No transactions in the Common Shares within the past sixty days.
The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
Not Applicable.
Item 6 is hereby amended and supplemented by the addition of the following: Ms. Bruce has entered into a nomination agreement (the "Nominee Agreement") with Saba Capital substantially in the form attached as Exhibit 5 to this Schedule 13D/A whereby she agreed to stand for election as a director of the Issuer in connection with a proxy solicitation which may be conducted in respect of the SGM and whereby Saba Capital has agreed to defend and indemnify her against, and with respect to, any losses that may be incurred by her in the event she become a party to litigation based on her nomination as a candidate for election to the Board and the solicitation of proxies in support of her election. The foregoing summary of the Nominee Agreement is not complete and is qualified in its entirety by reference to the full text of the form of Nominee Agreement, a copy of which is attached as Exhibit 5 and is incorporated by reference herein.
Exhibit 5 - Form of Nominee Agreement