ASA Gold board backs conversion to credit-focused BDC strategy

• ASA Gold and Precious Metals directors backed a plan to reposition the fund as a yield-oriented, credit-focused business development company.
• The board also moved to redomicile the company from Bermuda to Delaware.
• Saba Capital Management was selected to serve as investment manager under a new advisory agreement tied to the conversion.
• Shareholders will vote at the 2026 annual meeting; closing is targeted by year-end, subject to approvals and conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASA Gold and Precious Metals Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20260904095556) on September 04, 2026, and is solely responsible for the information contained therein.