ASA Gold and Precious Metals Limited Reports Financial Results for the Three Months Ended February 28, 2015
01 April 2015 - 07:25AM
Business Wire
ASA Gold and Precious Metals Limited (NYSE:ASA) reported that
the total return for the three months ended February 28, 2015,
based on ASA’s net asset value (NAV), was 11.7%, including the
reinvestment of dividends. At February 28, 2015, the NAV of the
Company was $12.84 per share versus $15.12 per share a year
earlier.
For the three months ended February 28, 2015, the total return
based on ASA’s share price was 6.8%, including the reinvestment of
dividends. The return for the FTSE Gold Mines Total Return Index
during the same period was 18.4%.
The closing price of ASA’s shares on the New York Stock Exchange
(NYSE) on February 28, 2015 was $11.47, representing a share price
discount to NAV of 10.7%. 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.
February 28,
2015
November 30,
2014
February 28,
2014
Per
Per
Per
Amount*
Share
Amount*
Share
Amount*
Share
Net assets $247,742 $12.84 $221,800 $11.50 $291,724 $15.12
Net investment income (loss) $(555) $(0.03) $(1,459) $(0.08) $(976)
$(0.05) Ending shares outstanding 19,290 19,290 19,290 *000
omitted
Established in 1958, ASA Gold and Precious Metals Limited is a
closed-end precious metals and mining fund (NYSE:ASA) registered
with the United States Securities and Exchange Commission and
domiciled in Bermuda. The Company is one of the oldest investment
management firms focused on the precious metals and mining
industry. Managed by an experienced investment team, ASA invests
primarily in the securities of companies engaged in the
exploration, mining or processing of gold, silver, platinum,
diamonds or other precious minerals. Investment decisions are
supported with thorough bottom-up analysis based on fundamental
research, due diligence mine visits and hundreds of meetings with
mining executives and specialists each year.
Investors are encouraged to visit ASA’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 ASA 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 LimitedDavid J. Christensen,
800-432-3378 or 650-376-3135President and Chief Executive
Officerinfo@asaltd.com
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