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Stock impact report

ASA Gold and Precious Metals Board Shareholders Elect Saba Capital Nominees to the Fund's Board of Directors [Yahoo! Finance]

ASA Gold and Precious Metals Limited (ASA) 
US:NYSE Investor Relations: asaltd.com
Company Research Source: Yahoo! Finance
Saba Capital Thanks Fellow Shareholders for Their Support at ASA's 2024 Annual Meeting NEW YORK, April 30, 2024 BUSINESS WIRE )--Saba Capital Management, L.P. ("Saba" or "we"), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) ("ASA" or the "Fund"), today commented on the outcome of the Fund's 2024 Annual Meeting of Shareholders (the "Annual Meeting"). Based on preliminary results of the Annual Meeting, shareholders voted to elect Saba nominees Ketu Desai and Paul Kazarian to ASA's Board of Directors (the "Board"). No other nominee, including the incumbent directors sitting for reelection, received a majority of votes cast required under the bylaws. Michael D'Angelo, Partner and General Counsel of Saba, commented: "ASA shareholders have clearly recognized the desperate need for a Board refresh to address the Fund's poor performance and the Board's track record of governance failures, which has only escalated with its recent adoption of multiple Show less Read more
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