ASA Gold and Precious Metals Limited Announces Results of Vote at Annual General Meeting
Messrs. Desai and Kazarian were proposed as directors by
At the Annual Meeting, shareholders also voted to ratify and approve the appointment of
At the Annual Meeting, shareholders voted not to approve the proposal to increase the shareholder vote required to change the Company’s fundamental investment policies. Shareholders also voted not to approve the proposal to increase the Company’s authorized share capital.
The Company is a non-diversified, closed-end fund that seeks long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects in, or mining of precious metals and minerals.
It is a fundamental policy of the Company that at least 80% of its total assets must be (i) invested 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, (ii) held as bullion or other direct forms of gold, silver, platinum or other precious minerals, (iii) invested in instruments representing interests in gold, silver, platinum or other precious minerals such as certificates of deposit therefor, and/or (iv) invested in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion.
The Company employs bottom-up fundamental analysis and relies on detailed primary research including meetings with company executives, site visits to key operating assets, and proprietary financial analysis in making its investment decisions.
Investors are encouraged to visit the Company’s website for additional information, including historical and current share prices, news releases, financial statements, tax and supplemental information. The site may be found at www.asaltd.com, or you may contact the Company directly at (800) 432-3378.
Investment advisory services for the Company are provided by Merk Investments LLC (Merk), an
Certain Tax Information
The Company is a “passive foreign investment company” for
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Chief Operating Officer
(650) 376-3135 or (800) 432-3378
info@asaltd.com
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