September 30, 2011 - ASA Reports Financial Results for the Nine Months Ended August 31, 2011
San Mateo, CA, September 30, 2011 – ASA Gold and Precious Metals Limited (NYSE:ASA), a closed-end fund specializing in gold and other precious metal investments worldwide, today reported financial results for the nine months ended August 31, 2011. Total return was 1.2% based on net asset value, and a negative 8.4% based on share price while the return for the FTSE Gold Mines Index was 6.5%. During the period, ASA’s per share discount fluctuated from a low of 2.0% to a high of 12.4%. The share price of closed-end funds like ASA is determined by the balance of supply and demand, primarily trading activity in the open market and consequently may reflect a premium to (higher than) or discount to (lower than) its underlying NAV.
|Nine Months Ended August 31|
|Share outstanding - period end||19,440,000||19,440,000|
|Net asset value per share||$34.84||$30.46|
|Market price per share||$31.01||$28.19|
Document Download: 09.30.11-Nine-Months-Ended.pdf