Street Calls of the Week
Saba Capital Management, L.P., a ten-percent owner of ASA Gold & Precious Metals Ltd (NYSE:ASA), has recently increased its stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, Saba Capital executed purchases totaling $2,272,989.
The transactions, which took place on October 14 and 15, 2025, involved the acquisition of ASA Gold & Precious Metals shares. On October 14, Saba Capital bought 31,833 shares at $50.01 each. A further 13,170 shares were purchased on October 15, at a price of $51.71.
Following these purchases, Saba Capital Management, L.P. now owns 4,847,405 shares of ASA Gold & Precious Metals Ltd.
In other recent news, ASA Gold and Precious Metals Limited has announced changes to its Board of Directors. William Donovan and Mary Joan Hoene have resigned from their positions, and Karen Caldwell has been appointed as a new director. Caldwell, who is 66 years old, will serve on the board until the 2025 Annual General Meeting of Shareholders. She has also been appointed as Chair of the company’s Audit and Ethics Committee. Furthermore, the Board has designated Caldwell as an audit committee financial expert. These developments mark a significant shift in the company’s governance structure.
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