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Court Rules in Litigation Over ASA Gold and Precious Metals Fund Shareholder Rights Plans

1. Court ruling favors ASA's shareholder rights plan, enhancing investor confidence.

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FAQ

Why Bullish?

This ruling removes legal uncertainties regarding ASA's governance, historically boosting stock performance under positive judicial outcomes.

How important is it?

Legal victories often translate into increased market confidence and price support for ASA.

Why Short Term?

Investor sentiment may react immediately due to the ruling, but long-term stability depends on continued positive performance.

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PORTLAND, Maine--(BUSINESS WIRE)--The Litigation Committee (the “Committee”) of the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (“ASA” or the “Company”) (NYSE: ASA) announced that the United States District Court for the Southern District of New York granted a motion for summary judgment in litigation over the Company's limited-duration shareholder rights plans. In its March 28, 2025 ruling, the court held that the Company's shareholder rights plan adopted on Decemb.

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