Filing Details

Accession Number:
0001062993-24-001691
Form Type:
13D Filing
Publication Date:
2024-01-31 19:00:00
Filed By:
Saba Capital
Company:
Asa Gold & Precious Metals Ltd (NYSE:ASA)
Filing Date:
2024-02-01
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Saba Capital Management 0 3,253,837 0 3,253,837 3,253,837 16.87%
Boaz R. Weinstein 0 3,253,837 0 3,253,837 3,253,837 16.87%
Saba Capital Management GP 0 3,253,837 0 3,253,837 3,253,837 16.87%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

ASA Gold & Precious Metals Ltd

(Name of Issuer)

Common Shares, $1 par value

(Title of Class of Securities)

G3156P103

(CUSIP Number)

Saba Capital Management, L.P.

405 Lexington Avenue

58th Floor

New York, NY 10174

Attention: Michael D'Angelo

(212) 542-4635

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

January 31, 2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [X]

(Page 1 of 6 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.  G3156P103 SCHEDULE 13D/A Page 2 of 6 Pages

1 NAME OF REPORTING PERSON
         Saba Capital Management, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐
(b) ☐
3 SEC USE ONLY

4 SOURCE OF FUNDS
         OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6 CITIZENSHIP OR PLACE OF ORGANIZATION
         Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
         -0-
8 SHARED VOTING POWER
         3,253,837
9 SOLE DISPOSITIVE POWER
         -0-
10 SHARED DISPOSITIVE POWER
         3,253,837
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
         3,253,837
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         16.87%
14 TYPE OF REPORTING PERSON
         PN; IA
       

The percentages used herein are calculated based upon 19,289,905 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/27/23

CUSIP No.  G3156P103 SCHEDULE 13D/A Page 3 of 6 Pages

1 NAME OF REPORTING PERSON
         Boaz R. Weinstein
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐
(b) ☐
3 SEC USE ONLY

4 SOURCE OF FUNDS
         OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6 CITIZENSHIP OR PLACE OF ORGANIZATION
         United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
         -0-
8 SHARED VOTING POWER
         3,253,837
9 SOLE DISPOSITIVE POWER
         -0-
10 SHARED DISPOSITIVE POWER
         3,253,837
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
         3,253,837
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         16.87%
14 TYPE OF REPORTING PERSON
         IN
       

The percentages used herein are calculated based upon 19,289,905 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/27/23

CUSIP No.  G3156P103 SCHEDULE 13D/A Page 4 of 6 Pages

1 NAME OF REPORTING PERSON
         Saba Capital Management GP, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐
(b) ☐
3 SEC USE ONLY

4 SOURCE OF FUNDS
         OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6 CITIZENSHIP OR PLACE OF ORGANIZATION
         Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
         -0-
8 SHARED VOTING POWER
         3,253,837
9 SOLE DISPOSITIVE POWER
         -0-
10 SHARED DISPOSITIVE POWER
         3,253,837
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
         3,253,837
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         16.87%
14 TYPE OF REPORTING PERSON
         OO
       

The percentages used herein are calculated based upon 19,289,905 shares of common stock outstanding as of 5/31/23, as disclosed in the company's N-CSRS filed 7/27/23

CUSIP No.  G3156P103 SCHEDULE 13D/A Page 5 of 6 Pages

Item 1. SECURITY AND ISSUER

This Amendment No. 6 amends and supplements the statement on Schedule 13D filed with the SEC on 10/13/23, as amended by Amendment No.1 filed 11/16/23, Amendment No.2 filed 11/24/23, Amendment No.3 filed 12/5/23, Amendment No.4 filed 12/21/23 and Amendment No.5 filed 1/26/23; with respect to the common shares of ASA Gold & Precious Metals Ltd. This Amendment No. 6 amends Items 4 and 7, as set forth below.

Item 4. PURPOSE OF TRANSACTION

Item 4 is hereby amended and supplemented as follows:

On January 31, 2024, Saba Capital Master Fund, Ltd. and Saba Capital Management, L.P., filed a complaint (the "Complaint") in the United States District Court's Southern District of New York against the Issuer and each of the members of Issuer's Board - Mary Joan Hoene, Bruce Hansen, William Donovan, Axel Merk, and Anthony Artabane - seeking rescission and to invalidate as unlawful under the Investment Company Act of 1940, the Issuer's shareholder rights plan which would give certain common shareholders rights to acquire one additional common share of the Issuer at $1.00 per share for each common share owned, but would deny such rights to shareholders with beneficial ownership of more than 15% of the Issuer.

The foregoing summary of the Complaint does not purport to be complete and is qualified in its entirety by reference to the full text of the Complaint, a copy of which is attached as Exhibit 3 and is incorporated by reference herein.

Item 7. MATERIAL TO BE FILED AS EXHIBITS

Exhibit 3: Complaint.

CUSIP No.  G3156P103 SCHEDULE 13D/A Page 6 of 6 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date:  February 1, 2024

  SABA CAPITAL MANAGEMENT, L.P.

By:  /s/ Michael D'Angelo
  Name: Michael D'Angelo
Title: Chief Compliance Officer
   
   
  SABA CAPITAL MANAGEMENT GP, LLC

By:  /s/ Michael D'Angelo
Name: Michael D'Angelo
Title: Authorized Signatory
   
   
  BOAZ R. WEINSTEIN

By:  /s/ Michael D'Angelo
  Name: Michael D'Angelo
  Title: Attorney-in-fact*
   
   
* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823