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 […]
November 10, 2020 Published by StockMan