ASA Gold board backs conversion to credit-focused BDC strategy - ASA News | RalliesASA Gold board backs conversion to credit-focused BDC strategy
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ASA• Board backs conversion plan
- ASA Gold and Precious Metals directors backed a plan to reposition the fund as a yield-oriented, credit-focused business development company.
- The board also moved to redomicile the company from Bermuda to Delaware.
- Saba Capital Management was selected to serve as investment manager under a new advisory agreement tied to the conversion.
- Shareholders will vote at the 2026 annual meeting; closing is targeted by year-end, subject to approvals and conditions.
GWRE
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