ISS Supports Saba Capital's Case for Change at ASA Gold and Precious Metals Limited [Yahoo! Finance]
ASA Gold and Precious Metals Limited (ASA)
US:NYSE Investor Relations:
asaltd.com
Company Research
Source: Yahoo! Finance
Cites the Board's "Unjustified Defensive Maneuvers" and ASA's "Persistent Discount to NAV" Under Their Stewardship Concludes the "Board Positioned Itself on the Leading Edge of Disenfranchising Shareholders" NEW YORK, April 15, 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 announced that a leading proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), has recommended shareholders vote for the election of Saba director candidates Ketu Desai and Paul Kazarian to the Fund's Board of Directors (the "Board") at the April 26, 2024 Annual Meeting of Shareholders (the "Annual Meeting"). In its full report, ISS affirmed Saba's case for boardroom change and noted concerns with ASA's adoption of a seemingly unlawful poison pill "In adopting the poison pill, the board positioned itself on the leading edge of disenfranchising shareholders …
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ASA
News
- ASA Gold and Precious Metals Limited Announces Results of Vote at Annual General MeetingBusiness Wire
- ASA Gold and Precious Metals Board Shareholders Elect Saba Capital Nominees to the Fund's Board of Directors [Yahoo! Finance]Yahoo! Finance
- ASA Gold and Precious Metals Board Shareholders Elect Saba Capital Nominees to the Fund’s Board of DirectorsBusiness Wire
- ASA Gold and Precious Metals Fund Adopts Limited-Duration Shareholder Rights PlanBusiness Wire
- ASA Gold and Precious Metals Limited Announces Adoption of Discount Management ProgramBusiness Wire
ASA
Sec Filings
- 5/1/24 - Form SC
- 5/1/24 - Form CERT
- 4/30/24 - Form SC
- ASA's page on the SEC website