Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 30 n° 328

ASA Gold and Precious Metals Limited Announces Distribution Declaration

Posted by fidest press agency su lunedì, 5 novembre 2018

ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA) declared a distribution of $0.01 per common share of the Company. The distribution is payable on November 28, 2018 to shareholders of record as of the close of business on November 13, 2018. Due to challenging market conditions in the precious metals and mining sector, the Company’s net asset value has declined during the current fiscal year. Accordingly, the Board of Directors has approved a lower distribution of $0.01 per share versus the $0.02 per share distribution declared earlier this year. For the full year 2018, the Company will have distributed $0.03 per share. Because of an overall continued low level of dividends received by the portfolio, this distribution will be paid from previously undistributed net investment income. Should current market conditions persist, future distributions, if any, from this source may be unsustainable. The Company has paid uninterrupted distributions since 1959.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 in, 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.

Rispondi

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione /  Modifica )

Google+ photo

Stai commentando usando il tuo account Google+. Chiudi sessione /  Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione /  Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione /  Modifica )

Connessione a %s...

 
%d blogger hanno fatto clic su Mi Piace per questo: