ASA Gold and Precious Metals Limited Announces Distribution Declaration

Rhea-AI Summary

ASA Gold and Precious Metals Limited (NYSE: ASA) has announced a distribution of $0.01 per common share, payable on November 24, 2021, to shareholders of record by November 15, 2021. This distribution will be funded from undistributed realized gains due to a low level of dividends received by the portfolio. The Company has maintained uninterrupted distributions since 1959, focusing primarily on long-term capital appreciation through investments in precious metals and related companies, with a fundamental policy of investing at least 80% of its total assets in relevant sectors.

Positive

• Uninterrupted distributions since 1959 demonstrate consistent shareholder returns.
• Distribution from realized gains shows financial stability despite low dividend levels.

Negative

• Low level of dividends received indicates potential issues in income generation.

PORTLAND, Maine--(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 November 24, 2021 to shareholders of record as of the close of business on November 15, 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005315/en/

Axel Merk

Chief Operating Officer

(650) 376-3135 or (800) 432-3378

info@asaltd.com

Source: ASA Gold and Precious Metals Limited

FAQ

What is the recent distribution declared by ASA Gold and Precious Metals Limited?

ASA Gold and Precious Metals Limited declared a distribution of $0.01 per common share.

When will the distribution be paid to shareholders of ASA?

The distribution will be paid on November 24, 2021, to shareholders of record as of November 15, 2021.

From where is ASA's recent distribution funded?

The distribution is funded from undistributed realized gains due to low levels of dividends received.

How long has ASA Gold and Precious Metals Limited been paying distributions?

The Company has paid uninterrupted distributions since 1959.

What percentage of ASA's total assets must be invested in precious metals?

At least 80% of ASA's total assets must be invested in companies engaged in precious metals sectors.