Axel Merk calls on SEC to intervene at ASA Gold and Precious Metals Limited as Saba-controlled Board terminates advisory agreement

PALO ALTO, Calif., July 01, 2026 (GLOBE NEWSWIRE) -- Axel Merk, an ASA Gold and Precious Metals Limited (NYSE: ASA) shareholder, today called on the Securities and Exchange Commission to scrutinize the actions of ASA's Board after the Board terminated Merk Investments LLC as the Fund's investment adviser and moved portfolio management to an internal investment committee made up of Saba-controlled Board members.

GlobeNewsWire • Jul 1, 2026

ASA Gold and Precious Metals Limited Announces the Appointment of Paul Kazarian as President and Principal Executive Officer; and the Establishment of an Investment Committee to Manage the Company's Portfolio Internally on an Interim Basis

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Company”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Paul Kazarian has been appointed President and Principal Executive Officer (“PEO”) of the Company. Axel Merk and Peter Maletis no longer serve as officers of the Company. The Company also announced that, as the Special Committee of the Board of Directors continues its work evaluating.

Business Wire • Jun 25, 2026

This Gold Fund Looks Like A Bargain. It Isn't

ASA Gold & Precious Metals Limited (ASA) is a standout among closed-end funds (CEFs), but not for the reasons we'd like!

Forbes • Jun 23, 2026

ASA Gold and Precious Metals Limited Announces Resignation of Axel Merk as Chief Operating Officer of the Fund

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Axel Merk has resigned from his position as Chief Operating Officer of the Fund, effective immediately. Mr. Merk submitted his resignation letter to the Board of Directors of the Fund this morning without prior notice. Also without prior notice to the Fund or the Board, Mr. Merk announce.

Business Wire • Jun 11, 2026

ASA Gold and Precious Metals Limited Announces Reauthorization of Share Repurchase Program

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that its Board of Directors has renewed its share repurchase authorization for the Fund to repurchase up to 5% of its total common shares from May 1, 2026, through April 30, 2027. The Fund may from time to time purchase its common shares at a discount to NAV on the open market in such amounts.

Business Wire • Apr 30, 2026

Twelve Points Dumps 144K ASA Shares Worth $9.7 Million

Twelve Points Wealth Management LLC sold 143,737 shares of ASA, an estimated $9.71 million transaction based on quarterly average pricing. The quarter-end value of the ASA position decreased by $8.84 million, reflecting both trading activity and share price movement.

The Motley Fool • Apr 15, 2026

ASA Gold and Precious Metals Limited Announces 90-Day Extension of Investment Advisory Agreement

PORTLAND, ME--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA) announced that the Board of Directors approved the extension of the Company's Investment Advisory Agreement with Merk Investments LLC for a 90 day period, commencing April 1, 2026. The Company also announced that, on March 31, 2026, in an effort to maximize risk-adjusted investment returns and shareholder value, the Board of Directors approved the engagement of Cantor Fitzgerald & Co. to assist t.

Business Wire • Mar 31, 2026

CEF Insights: ASA - Opportunity In Junior Gold Mining Companies

Markets are volatile, and investors are rethinking diversification. Axel Merk shares his outlook on global supply shocks, market uncertainty, and the evolving role of precious metals. Hear how active management in junior miners can shape long‑term returns in today's uncertain market.

Seeking Alpha • Mar 25, 2026

Royce Micro-Cap Trust: What Worked

Eight of the portfolio's 11 equity sectors made a positive impact on calendar year performance, led by Industrials, Materials, and Financials. nLIGHT differentiates itself via vertical integration, domain knowledge, and manufacturing capabilities to deliver cutting edge solutions, increasingly to government and defense organizations. Shares of Sprott outperformed as gold prices broke out to record highs amid elevated geopolitical risk, central bank buying, and a weaker U.S. dollar.

Seeking Alpha • Mar 18, 2026

This Precious Metals Fund Is Up 190% This Past Year and Still a Top Holding Even After a $4 Million Sale

Wisconsin-based Uncommon Cents Investing sold 77,370 shares of ASA in the fourth quarter; the estimated transaction value was $3.92 million based on quarterly average prices. The quarter-end position value decreased by $2.56 million, reflecting both trading and price changes Post-transaction, the fund held 440,404 ASA shares worth $26.28 million.

The Motley Fool • Jan 16, 2026