On January 24, 2024, Saba Capital Management, L.P. filed a preliminary proxy statement with the Securities and Exchange Commission seeking ASA Gold and Precious Metals Limited?s shareholder support for the election of the nominees (not including, Pierre Weinstein) as well as stating its view that, due to the Company's persistent trading discount to NAV, the Board should terminate the Investment Advisory Agreement between the Company and Merk Investments LLC and seek a new investment advisor, at which point Saba Capital Management views that the Company would have at its disposal a variety of stellar manager replacement options to choose from. Saba Capital Management stated that the Company has informed Saba Capital Management that there will only be 4 seats up for election at the annual meeting. In light of this, Saba Capital Management does not intend to nominate Pierre Weinstein at the annual meeting.