ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
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Source: Newsfilter
Saba Capital's Shareholder Meeting Outcome: Saba Capital Management, the largest shareholder of ASA Gold and Precious Metals Limited, announced that shareholders voted to expand the Board of Directors to five members and elected independent candidate Maryann Bruce as the fifth director during the Special Meeting held on June 13, 2025.
Future Plans for ASA: Boaz Weinstein, Founder of Saba, expressed gratitude for the shareholders' support and emphasized the importance of Maryann Bruce's expertise in fund management for the future growth and value creation of ASA.
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About ASA
ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
