ASA Gold and Precious Metals Limited is facing significant shareholder activism led by Saba Capital Management, L.P., the Fund's largest common shareholder with 17.2% ownership. Saba, headed by Founder and Chief Investment Officer Boaz Weinstein, has put forward proposals aimed at expanding the company's Board of Directors from four to five members and electing independent director candidate Maryann Bruce. The initiative comes in response to what Saba describes as "material governance concerns" and a need for "independent oversight and board rebalancing" within ASA. Two prominent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co., have endorsed Saba's proposals, citing governance failures attributed to existing directors Mary Joan Hoene and William Donovan. Shareholders are being encouraged to vote on the GOLD proxy card in favor of the proposals at the upcoming June 13th Special Meeting of Shareholders. The advisory firms emphasize that the vote is focused solely on governance and board structure, not on altering the Fund's strategy or advisor.