ASA Gold selects Saba Capital as investment manager for planned BDC shift

• ASA Gold and Precious Metals picked Saba Capital Management as investment manager for a planned shift into a yield-oriented, credit-focused BDC.
• Mandate change would replace the fund’s gold and precious-metals focus with an income strategy aimed at recurring distributions.
• Shareholders vote at the 2026 annual meeting on the Saba advisory contract, removal of the gold-focused policy, and related investment-policy changes.
• Conversion is targeted by year-end, contingent on shareholder backing and other 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: 202609040845BIZWIRE_USPR_____20260904_BW095556) on September 04, 2026, and is solely responsible for the information contained therein.