ASA Gold and Precious Metals Limited Announces Distribution Declaration and Adviser Voluntary Fee Waiver

PORTLAND, Maine–( BUSINESS WIRE )–ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA) declared a distribution of $0.01 per common share of the Company. The distribution is payable on November 25, 2020 to shareholders of record as of the close of business on November 16, 2020. Due to a continued low level of dividends received by the portfolio, this distribution will be paid from accumulated undistributed net investment income. Should current market conditions persist, future distributions, if any, from this source may be unsustainable. The Company has paid uninterrupted distributions since 1959.

In addition, Merk Investments LLC (“Merk”), the investment adviser for the Company, announced that it has voluntarily agreed to waive a portion of its advisory fee, equal to an annual rate of 0.05% of the Company’s managed net assets exceeding $300 million, and an additional 0.10% of the Company’s managed net assets exceeding $500 million, effective at […]

Click here to view original web page at www.businesswire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.