ASA Gold proposes conversion to BDC, redomicile to Delaware, Saba as manager

ASA Gold & Precious Metals Ltd

Board approved converting from gold-focused closed-end fund to BDC with yield-oriented, credit-focused strategy.
Company to redomicile from Bermuda to Delaware and change tax status from PFIC to RIC.
Saba Capital Management selected as new investment manager for the BDC.
Conversion subject to shareholder approval at 2026 AGM; expected by year-end if approved.
Strategic review aimed at addressing persistent trading discount to net asset value.

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