ASA Gold and Precious Metals adopts limited-duration shareholder rights plan to counter Saba Capital's 17.18% stake

ASA Gold & Precious Metals Ltd

Rights plan triggers at 15% ownership; Saba currently holds ~17.18%, grandfathered but cannot buy additional 0.25% or more.
Plan expires at close of business on July 29, 2025, or upon certification of new Board election at next shareholder meeting.
Each right allows purchase of one common share for $1.00; rights issued as dividend to shareholders of record on April 9, 2025.
Committee adopted plan after unsuccessful attempts to engage with Saba-nominated directors; believes Saba would alter core strategy.

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