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Saba Capital Management, L.P., a ten-percent owner of ASA Gold & Precious Metals Ltd (NYSE:ASA), has increased its stake in the company through two transactions. According to a Form 4 filing with the Securities and Exchange Commission, Saba Capital purchased a total of 108,641 shares of common stock between September 15 and September 16, 2025, for approximately $4.5 million, with prices ranging from $41.39 to $41.50.
On September 15, Saba Capital acquired 17,256 shares at $41.39 per share. The following day, September 16, the firm purchased an additional 91,385 shares at $41.50 per share. Following these transactions, Saba Capital Management, L.P. now owns 4,625,028 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. Karen Caldwell has joined the board as a new director. Caldwell, aged 66, will serve until the 2025 Annual General Meeting of Shareholders. She has been appointed as the Chair of the company’s Audit and Ethics Committee. Furthermore, the Board has designated her as an audit committee financial expert. These developments reflect the company’s ongoing adjustments in its leadership team.
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