On April 30, 2024, Saba Capital Management, L.P. announced that it has commented on the outcome of ASA Gold and Precious Metals? 2024 Annual Meeting of Shareholders. Saba Capital stated that based on preliminary results of the Annual Meeting, shareholders voted to elect Saba nominees Ketu Desai and Paul Kazarian to the Company?s Board of Director and no other nominee, including the incumbent directors sitting for reelection, received a majority of votes cast required under the bylaws.

Michael D?Angelo, Partner and General Counsel of Saba Capital, commented: ?ASA shareholders have clearly recognized the desperate need for a Board refresh to address the Fund?s poor performance and the Board?s track record of governance failures, which has only escalated with its recent adoption of multiple discriminatory poison pills. We greatly appreciate that shareholders have elected Ketu Desai and Paul Kazarian because they are the right directors to enact the long-overdue changes needed to address the Fund?s massive discount to NAV and deliver enhanced value to all ASA shareholders. Their independence, governance know-how and closed-end fund investing experience will be extremely additive to the Fund.

Saba?s directors will take action to improve shareholder returns, rebuild trust and protect shareholders? rights.?