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SABA CAPITAL MANAGEMENT, L.P. GAINS SUPPORT FROM ISS | INSTITUTIONAL SHAREHOLDDER SERVICES IN CASE FOR CHANGE

InvestorCom client Saba Capital Management, L.P. gains support from ISS | Institutional Shareholder Services in case for change.

The following is taken from businesswire

https://lnkd.in/gBEufDHi

ISS Supports Saba Capital’s Case for Change at ASA Gold and Precious Metals Limited
Recommends ASA Shareholders Vote FOR the Election of Saba Nominees Ketu Desai and Paul Kazarian on the GOLD Proxy Card and Withhold Votes for the Incumbent Directors

Cites the Board’s “Unjustified Defensive Maneuvers” and ASA’s “Persistent Discount to NAV” Under Their Stewardship

Concludes the “Board Positioned Itself on the Leading Edge of Disenfranchising Shareholders”

NEW YORK–(BUSINESS WIRE)–Saba Capital Management, L.P. (“Saba” or “we”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”), today announced that a leading proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended shareholders vote for the election of Saba director candidates Ketu Desai and Paul Kazarian to the Fund’s Board of Directors (the “Board”) at the April 26, 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

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