ASA appoints Paul Kazarian President and PEO; internal management while evaluating external options

ASA Gold & Precious Metals Ltd

Paul Kazarian appointed President and Principal Executive Officer; Axel Merk and Peter Maletis cease as officers.
Investment Committee formed (Kazarian, Desai, Neilinger) to manage portfolio during interim period.
Saba Capital Management retained for admin/compliance/trade execution; no compensation, only out-of-pocket reimbursement.
Special Committee continues evaluating potential external management arrangements; further updates expected.

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