On February 26, 2024, ASA Gold and Precious Metals Limited announced that Saba Capital Management has commenced a proxy contest to try to replace the Company Board of Directors with its hand-picked nominees at the Company?s annual general meeting of shareholders scheduled to be held on April 26, 2024. The Company also stated that Saba Capital?s nominees do not have experience and/or expertise in the mining of precious metals and minerals, or with oversight of an investment vehicle such as the Company.