Court Rules in Litigation Over ASA Gold and Precious Metals Fund Shareholder Rights Plans
Court Ruling on Rights Plan: The United States District Court for the Southern District of New York ruled that ASA Gold and Precious Metals Limited's shareholder rights plan adopted on December 20, 2024, must be rescinded due to its violation of the Investment Company Act of 1940, which mandates such plans expire within 120 days.
Appeal Intent: The Litigation Committee of ASA intends to appeal the court's judgment regarding the rescinded rights plan.
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Uncommon Cents Sells ASA Gold Shares for $3.92 Million
- Share Reduction: Uncommon Cents Investing disclosed in an SEC filing that it sold 77,370 shares of ASA Gold and Precious Metals Limited in Q4 for an estimated $3.92 million, resulting in a reduced stake valued at $26.28 million, reflecting a risk management strategy rather than a loss of conviction.
- Position Proportion: After the sale, ASA still represents 6.36% of Uncommon Cents' portfolio, indicating continued confidence in the precious metals market despite the partial sale aimed at rebalancing investment risk.
- Market Performance: ASA's stock price surged 189.9% over the past year, currently priced at $63.48, significantly outperforming the S&P 500's roughly 17% gain, highlighting strong performance in the precious metals sector and investor confidence.
- Investment Strategy: As a closed-end investment company focused on precious metals and mining equities, ASA employs a bottom-up analysis approach to provide investors with access to global precious metals markets, and the share reduction reflects a disciplined investment strategy rather than a shift in long-term belief.
Uncommon Cents Investing Sells 77,370 ASA Shares for $3.92 Million
- Share Sale Details: Wisconsin-based Uncommon Cents Investing sold 77,370 shares of ASA in Q4, with an estimated transaction value of $3.92 million, reflecting ongoing market interest in precious metals and investor risk management strategies.
- Position Value Change: Post-transaction, Uncommon Cents' stake in ASA decreased to $26.28 million, down $2.56 million from the previous quarter, indicating the impact of market fluctuations on the investment portfolio.
- Portfolio Concentration: ASA accounted for 6.36% of Uncommon Cents' assets under management, remaining its largest holding, suggesting that despite the partial sale, investor confidence in the asset's long-term potential remains strong.
- Market Performance Comparison: ASA shares surged 189.9% over the past year, significantly outperforming the S&P 500's 17% gain, highlighting the robust performance of precious metal investments, even as the current share price trades at nearly a 12% discount to net asset value, potentially indicating market undervaluation.
ASA Gold Fund's Near 200% Return in 2025 May Signal 2026's Biggest Loser
- Returns and Risks: The ASA Gold Fund achieved nearly 200% returns in 2025, yet its current yield of just 0.1% indicates that rapid growth in volatile markets often signals a peak rather than sustained growth.
- Market Discount Analysis: Despite ASA trading at a nearly 10% discount to NAV, the market's cautious stance reflects a pessimistic outlook for its 2026 performance, potentially leading to further price declines.
- Competitive Comparison: ASA outperformed major gold ETFs like GLD and GDX in 2025, but its high exposure to exploration firms increases its risk in fluctuating gold prices, resulting in a lack of market confidence in its future.
- Investment Recommendation: Given the multiple risks facing ASA, investors are advised to consider funds with higher yields, averaging 9.2%, which provide better protection during market pullbacks.
"Beware of 2025's Top CEF: Discover Alternative Investments Offering 9% Dividends"
Investment Risks: The article highlights the volatility in investing, using the example of the mortgage banking industry during the subprime crisis and emphasizing the importance of humility and diversification in investment strategies.
Performance of ASA Fund: The ASA Gold & Precious Metals Fund has seen a remarkable 172% increase in 2025, but it is cautioned against as it yields only 0.1% and has historically underperformed compared to the S&P 500 and gold prices.
Alternative High-Yield CEFs: The article suggests three high-yield closed-end funds (CEFs) that outperform ASA in terms of long-term performance and income, including the Adams Diversified Equity Fund, Liberty All-Star Equity Fund, and PIMCO Corporate & Income Opportunity Fund.
Future Investment Focus: Looking ahead to 2026, the author plans to invest in AI-focused CEFs that offer high dividends, indicating a shift away from gold investments and a belief in ongoing productivity growth in the economy.
ASA Gold and Precious Metals Limited Declares Distribution Announcement
Distribution Announcement: ASA Gold and Precious Metals Limited declared a distribution of $0.03 per common share, payable on November 19, 2025, to shareholders of record as of November 12, 2025. The company has maintained uninterrupted periodic distributions since 1959.
Investment Strategy: The company is a non-diversified, closed-end fund focused on long-term capital appreciation through investments in companies involved in precious metals exploration, development, and mining, with a policy to invest at least 80% of its assets in related securities and bullion.
Validea Motley Fool Strategy Daily Upgrade Report - 8/6/2025
Semler Scientific Inc. Update: The stock rating for Semler Scientific Inc. (SMLR) improved from 52% to 72% due to strong fundamentals and valuation, with its QuantaFlo product aiding in cardiovascular disease diagnosis.
ASA Gold and Precious Metals Ltd. Update: ASA Gold and Precious Metals Ltd. (ASA) saw its rating increase from 69% to 83%, focusing on long-term capital appreciation through investments in precious metals and related companies.
Uncommon Cents Sells ASA Gold Shares for $3.92 Million
- Share Reduction: Uncommon Cents Investing disclosed in an SEC filing that it sold 77,370 shares of ASA Gold and Precious Metals Limited in Q4 for an estimated $3.92 million, resulting in a reduced stake valued at $26.28 million, reflecting a risk management strategy rather than a loss of conviction.
- Position Proportion: After the sale, ASA still represents 6.36% of Uncommon Cents' portfolio, indicating continued confidence in the precious metals market despite the partial sale aimed at rebalancing investment risk.
- Market Performance: ASA's stock price surged 189.9% over the past year, currently priced at $63.48, significantly outperforming the S&P 500's roughly 17% gain, highlighting strong performance in the precious metals sector and investor confidence.
- Investment Strategy: As a closed-end investment company focused on precious metals and mining equities, ASA employs a bottom-up analysis approach to provide investors with access to global precious metals markets, and the share reduction reflects a disciplined investment strategy rather than a shift in long-term belief.
Uncommon Cents Investing Sells 77,370 ASA Shares for $3.92 Million
- Share Sale Details: Wisconsin-based Uncommon Cents Investing sold 77,370 shares of ASA in Q4, with an estimated transaction value of $3.92 million, reflecting ongoing market interest in precious metals and investor risk management strategies.
- Position Value Change: Post-transaction, Uncommon Cents' stake in ASA decreased to $26.28 million, down $2.56 million from the previous quarter, indicating the impact of market fluctuations on the investment portfolio.
- Portfolio Concentration: ASA accounted for 6.36% of Uncommon Cents' assets under management, remaining its largest holding, suggesting that despite the partial sale, investor confidence in the asset's long-term potential remains strong.
- Market Performance Comparison: ASA shares surged 189.9% over the past year, significantly outperforming the S&P 500's 17% gain, highlighting the robust performance of precious metal investments, even as the current share price trades at nearly a 12% discount to net asset value, potentially indicating market undervaluation.
ASA Gold Fund's Near 200% Return in 2025 May Signal 2026's Biggest Loser
- Returns and Risks: The ASA Gold Fund achieved nearly 200% returns in 2025, yet its current yield of just 0.1% indicates that rapid growth in volatile markets often signals a peak rather than sustained growth.
- Market Discount Analysis: Despite ASA trading at a nearly 10% discount to NAV, the market's cautious stance reflects a pessimistic outlook for its 2026 performance, potentially leading to further price declines.
- Competitive Comparison: ASA outperformed major gold ETFs like GLD and GDX in 2025, but its high exposure to exploration firms increases its risk in fluctuating gold prices, resulting in a lack of market confidence in its future.
- Investment Recommendation: Given the multiple risks facing ASA, investors are advised to consider funds with higher yields, averaging 9.2%, which provide better protection during market pullbacks.
"Beware of 2025's Top CEF: Discover Alternative Investments Offering 9% Dividends"
Investment Risks: The article highlights the volatility in investing, using the example of the mortgage banking industry during the subprime crisis and emphasizing the importance of humility and diversification in investment strategies.
Performance of ASA Fund: The ASA Gold & Precious Metals Fund has seen a remarkable 172% increase in 2025, but it is cautioned against as it yields only 0.1% and has historically underperformed compared to the S&P 500 and gold prices.
Alternative High-Yield CEFs: The article suggests three high-yield closed-end funds (CEFs) that outperform ASA in terms of long-term performance and income, including the Adams Diversified Equity Fund, Liberty All-Star Equity Fund, and PIMCO Corporate & Income Opportunity Fund.
Future Investment Focus: Looking ahead to 2026, the author plans to invest in AI-focused CEFs that offer high dividends, indicating a shift away from gold investments and a belief in ongoing productivity growth in the economy.
ASA Gold and Precious Metals Limited Declares Distribution Announcement
Distribution Announcement: ASA Gold and Precious Metals Limited declared a distribution of $0.03 per common share, payable on November 19, 2025, to shareholders of record as of November 12, 2025. The company has maintained uninterrupted periodic distributions since 1959.
Investment Strategy: The company is a non-diversified, closed-end fund focused on long-term capital appreciation through investments in companies involved in precious metals exploration, development, and mining, with a policy to invest at least 80% of its assets in related securities and bullion.
Validea Motley Fool Strategy Daily Upgrade Report - 8/6/2025
Semler Scientific Inc. Update: The stock rating for Semler Scientific Inc. (SMLR) improved from 52% to 72% due to strong fundamentals and valuation, with its QuantaFlo product aiding in cardiovascular disease diagnosis.
ASA Gold and Precious Metals Ltd. Update: ASA Gold and Precious Metals Ltd. (ASA) saw its rating increase from 69% to 83%, focusing on long-term capital appreciation through investments in precious metals and related companies.
