Glass Lewis recommends ASA Limited shareholders vote for board expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2025
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Saba Capital's Shareholder Influence: Saba Capital, holding 17.2% of ASA Gold and Precious Metals shares, has received support from proxy advisory firms Glass, Lewis & Co. and Institutional Shareholder Services for its proposals to expand the board and elect independent director Maryann Bruce.
Upcoming Shareholder Meeting: A special meeting of shareholders is scheduled for June 13th to vote on the proposed changes to ASA's board of directors.
Analyst Views on ASA
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.
