On January 2, 2024, ASA Gold and Precious Metals Limited announced that it has unanimously adopted a limited-duration shareholder rights plan to protect the interests of the Company and all its shareholders, which was adopted in response to the significant accumulation of Company shares by Saba Capital Management LP, and the plan is currently effective and will expire on April 29, 2024. In addition, the Company stated that the Rights Plan is intended to prevent Saba?s unilateral attempt to obtain control of the Company, which the Board believes would undermine Company?s strategic focus on long-term capital appreciation in the global gold mining industry.