ASA Gold and Precious Metals Limited Reports Financial Results for the Six Months Ended May 31, 2020

ASA Gold and Precious Metals Limited (the “Company”) (NYSE:ASA) reported that the total return for the six months ended May 31, 2020, based on the Company’s net asset value (NAV), was positive 27.5%, including the reinvestment of distributions paid on the Company’s shares. On May 31, 2020, the NAV of the Company was $18.88 per share versus $11.76 per share on May 31, 2019.

For the six months ended May 31, 2020, the total return based on the Company’s share price was positive 25.5%, including the reinvestment of distributions paid on the Company’s shares. The return for the NYSE Arca Gold Miners Index during the same period was positive 28.1%.

The closing price of the Company’s shares on the New York Stock Exchange (NYSE) on May 31, 2020 was $15.30, representing a share price discount to NAV of 19.0%. The share price of closed-end funds, such as the Company, 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.

Six Months Ended May 31, 2020

Year Ended November 30, 2019

Six Months Ended May 31, 2019

Amount*

Per Share

Amount*

Per Share

Amount*

Per Share

Net assets

$364,128

$18.88

$285,879

$14.82

$226,830

$11.76

Net investment income (loss)

$(1,034)