ASA Gold and Precious Metals Limited Reports Financial Results for the Six Months Ended May 31, 2016
ASA Gold and Precious Metals Limited (NYSE:ASA) reported that the total return for the six months ended May 31,
2016, based on ASA’s net asset value (NAV), was 62.2%, including the reinvestment of dividends. On May 31, 2016, the NAV of the
Company was $13.49 per share versus $8.33 per share on November 30, 2015.
For the six months ended May 31, 2016, the total return based on ASA’s share price was 64.7%. The return for the FTSE Gold Mines
Total Return Index during the same period was 74.9%.
The closing price of ASA’s shares on the New York Stock Exchange (NYSE) on May 31, 2016 was $11.77, representing a share price
discount to NAV of 12.8%. The share price of closed-end funds, such as ASA, is determined by trading activity in the open market
and consequently may reflect a premium (higher than) or discount (lower than) to its underlying NAV.
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May 31, 2016
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November 30, 2015
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May 31, 2015
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Amount*
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Per
Share
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Amount*
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Per
Share
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Amount*
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Per
Share
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Net assets |
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$260,266 |
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$13.49 |
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$160,744 |
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$8.33 |
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$227,606 |
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$11.80 |
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Net investment income (loss)
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$(986) |
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$(0.05) |
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$(1,713) |
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$(0.09) |
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$(706) |
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$(0.04) |
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Ending shares outstanding |
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19,290 |
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19,290 |
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19,290 |
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*000 omitted |
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ASA Gold and Precious Metals Limited (“the Company”) is a non-diversified, closed-end, internally managed fund that seeks
long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or
mining of precious metals and minerals.
It is a fundamental policy of the Company that at least 80% of its total assets must be (i) invested in common shares or
securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of
gold, silver, platinum, diamonds or other precious minerals, (ii) held as bullion or other direct forms of gold, silver, platinum
or other precious minerals, (iii) invested in instruments representing interests in gold, silver, platinum or other precious
minerals such as certificates of deposit therefor, and/or (iv) invested in securities of investment companies, including exchange
traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion.
The Company employs bottom-up fundamental analysis and relies on detailed primary research including meetings with company
executives, site visits to key operating assets, and proprietary financial analysis in making its investment decisions.
Investors are encouraged to visit the Company’s website for additional information, including historical and current share
prices and metals prices, news releases, financial statements, tax and supplemental information. The site may be found at www.asaltd.com, or you may contact the Company directly at (800) 432-3378.
Certain Tax Information
ASA Gold and Precious Metals Limited is a “passive foreign investment company” for United States federal income tax purposes. As
a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the
tax consequences of their investment in the common shares of ASA Gold and Precious Metals Limited.
ASA Gold and Precious Metals Limited
David J. Christensen, 800-432-3378 or 650-376-3135
President and Chief Executive Officer
info@asaltd.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160725006357/en/