On January 31, 2024, Saba Capital Management, L.P., filed a complaint in the United States District Court's Southern District of New York against ASA Gold and Precious Metals Limited and each of the members of the Company'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 Company's shareholder rights plan which would give certain common shareholders rights to acquire one additional common share of the Company 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 Company.