{"id":861054,"date":"2025-06-16T17:18:01","date_gmt":"2025-06-16T21:18:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\/"},"modified":"2025-06-16T17:18:01","modified_gmt":"2025-06-16T21:18:01","slug":"asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\/","title":{"rendered":"ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director"},"content":{"rendered":"

<\/p>\n

\nASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director<\/p>\n

Saba Capital Thanks Shareholders for Supporting Proposals to Move ASA Forward<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSaba Capital Management, L.P. (together with certain of its affiliates, \u201cSaba\u201d), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (\u201cASA\u201d or the \u201cFund\u201d) with 17.2% ownership of the Fund\u2019s outstanding shares, today commented on the outcome of the Fund\u2019s Special Meeting of Shareholders (the \u201cSpecial Meeting\u201d) held on June 13, 2025. Based on the preliminary results of the Special Meeting, shareholders voted to expand ASA\u2019s Board of Directors (the \u201cBoard\u201d) to five members and to elect independent candidate Maryann Bruce as the fifth director.<\/p>\n

\nOnce the results are certified, the five-member Board will be composed of Maryann Bruce, Ketu Desai, William Donovan, Mary Joan Hoene and Paul Kazarian. The Board will serve until the 2025 Annual Meeting of Shareholders, at which time shareholders will vote on the composition of the entire Board.<\/p>\n

\nBoaz Weinstein, Founder and Chief Investment Officer of Saba, commented:<\/p>\n

\n\u201cASA shareholders overwhelmingly voted to move ASA forward by returning the Board to five directors and electing independent candidate Maryann Bruce. Maryann\u2019s extensive fund management background and deep governance expertise will be an exceptional value-add to the Fund and to all shareholders. We are grateful for shareholders\u2019 support and look forward to building on this momentum at the Annual Meeting so that together, we can set ASA on a clear path toward meaningful, long-term value creation.\u201d<\/p>\n

About Saba Capital<\/span><\/b><\/p>\n

\nSaba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage. Saba has offices in New York City and London. Learn more at www.sabacapital.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250616039044\/en\/<\/a><\/span><\/p>\n

\nLongacre Square Partners
\n
Kate Sylvester, 646-386-0091
\n
ksylvester@longacresquare.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director Saba Capital Thanks Shareholders for Supporting Proposals to Move ASA Forward NEW YORK–(BUSINESS WIRE)– Saba Capital Management, L.P. (together with certain of its affiliates, \u201cSaba\u201d), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (\u201cASA\u201d or the \u201cFund\u201d) with 17.2% ownership of the Fund\u2019s outstanding shares, today commented on the outcome of the Fund\u2019s Special Meeting of Shareholders (the \u201cSpecial Meeting\u201d) held on June 13, 2025. Based on the preliminary results of the Special Meeting, shareholders voted to expand ASA\u2019s Board of Directors (the \u201cBoard\u201d) to five members and to elect independent candidate Maryann Bruce as the … <\/p>\n

Continue reading “ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-861054","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director Saba Capital Thanks Shareholders for Supporting Proposals to Move ASA Forward NEW YORK–(BUSINESS WIRE)– Saba Capital Management, L.P. 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Based on the preliminary results of the Special Meeting, shareholders voted to expand ASA\u2019s Board of Directors (the \u201cBoard\u201d) to five members and to elect independent candidate Maryann Bruce as the … Continue reading "ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-16T21:18:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250616039044r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director\",\"datePublished\":\"2025-06-16T21:18:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/\"},\"wordCount\":377,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250616039044r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/asa-gold-and-precious-metals-shareholders-vote-to-expand-the-board-and-elect-maryann-bruce-as-an-independent-director\\\/\",\"name\":\"ASA Gold and Precious Metals Shareholders Vote to Expand the Board and Elect Maryann Bruce as an Independent Director - 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