Saba capital buys ASA Gold & Precious Metals (ASA) shares worth $2m

Published 23/10/2025, 17:28
Saba capital buys ASA Gold & Precious Metals (ASA) shares worth $2m

Saba Capital Management, L.P., a ten-percent owner of ASA Gold & Precious Metals Ltd (NYSE:ASA), has recently purchased shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, the firm acquired a total of 45,090 shares in two transactions, with prices ranging from $44.77 to $45.2, for a total value of $2,029,235.

On October 21, 2025, Saba Capital Management bought 24,550 shares at $45.2 each. The following day, October 22, 2025, the firm purchased an additional 20,540 shares at $44.77 each. Following these transactions, Saba Capital Management now owns 5,009,833 shares of ASA Gold & Precious Metals.

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. Karen Caldwell has been appointed as a new director and will serve until the 2025 Annual General Meeting of Shareholders. Caldwell has also been appointed as Chair of the company’s Audit and Ethics Committee. Additionally, the Board has designated her as an audit committee financial expert. These changes reflect recent developments within the company.

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