Asa Gold & Precious Metals director buys shares worth $8,744

Mary Joan Hoene, a director at ASA Gold & Precious Metals Ltd (NYSE:ASA), recently acquired additional shares of the company. According to the latest SEC filing, Hoene purchased a total of 420 shares in two separate transactions. The shares were bought at a price of $20.82 each, resulting in a total transaction value of $8,744. InvestingPro subscribers have access to additional valuable insights about ASA's financial health and growth prospects, with multiple exclusive ProTips available. Following these acquisitions, Hoene now holds 8,800 shares directly in the company.

In other recent news, ASA Gold and Precious Metals Limited, a non-diversified, closed-end fund, has adopted a shareholder rights plan to protect shareholder interests and prevent unilateral control. The plan, set to expire on December 20, 2024, comes as a response to Saba Capital Management, LP, which currently holds approximately 17.18% of ASA's outstanding common shares. ASA's recent developments also include a governance dispute among its board members, as disclosed in a recent SEC filing. The dispute involves two sets of directors, the New Directors and the Legacy Directors, both of whom were elected in April 2024. In the midst of these developments, ASA continues to demonstrate strong performance with a 29% year-to-date return and maintains a consistent dividend payment record for 18 consecutive years. The company has expressed its openness to constructive engagement with Saba Capital, provided it aligns with ASA's investment focus in the precious metals sector. Investors and stakeholders are encouraged to monitor the company's filings and announcements for further developments.

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