ASA Gold selects Saba Capital as investment manager for planned BDC shift
ASA•Shareholder vote and timing
Shareholders are set to vote at the 2026 annual meeting on the Saba advisory contract, removal of the gold-focused policy, and related investment-policy changes.
The conversion is targeted by year-end, contingent on shareholder backing and other conditions.
Saba Capital chosen for planned BDC transition
ASA Gold and Precious Metals picked Saba Capital Management as investment manager for a planned shift into a yield-oriented, credit-focused BDC.
The mandate change would replace the fund’s gold and precious-metals focus with an income strategy aimed at recurring distributions.
