ASA Gold and Precious Metals Limited Announces Distribution Declaration and Results of Vote at Annual General Meeting
19 März 2021 - 09:05PM
Business Wire
ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA)
declared a distribution of $0.01 per common share of the Company.
The distribution is payable on May 21, 2021 to shareholders of
record as of the close of business on May 20, 2021. Due to a
continued low level of dividends received by the portfolio, this
distribution will be paid from undistributed realized gains. The
Company has paid uninterrupted distributions since 1959.
In addition, the Company announced that shareholders re-elected
Anthony Artabane, William Donovan, Bruce Hansen and Mary Joan Hoene
as directors of the Company at the annual general meeting of
shareholders held on March 19, 2021.
Shareholders also voted to ratify and approve the appointment of
Tait, Weller & Baker LLP to serve as the Company’s independent
auditors for the fiscal year ending November 30, 2021, and to
authorize the Company’s Nominating, Audit and Ethics Committee to
set the independent auditors’ remuneration.
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 SEC registered investment adviser.
Merk provides investment advice on liquid global markets, including
domestic and international equities, fixed income, commodities and
currencies and their respective derivative markets.
Certain Tax Information
The Company is a “passive foreign investment company” for United
States federal income tax purposes. As a result, United States
shareholders holding shares in taxable accounts are encouraged to
consult their tax advisors regarding the tax consequences of their
investment in the Company’s common shares.
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version on businesswire.com: https://www.businesswire.com/news/home/20210319005472/en/
Axel Merk Chief Operating Officer (650)
376-3135 or (800) 432-3378 info@asaltd.com
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