ASA Limited Announces Receipt of No-Action
Relief Permitting It to Form an Investment
July 27, 2010 02:33 PM Eastern Daylight Time
SAN MATEO, Calif.--(EON: Enhanced Online News)--ASA Limited (NYSE:ASA), a closed-end fund that
invests in gold and other precious mineral investments worldwide, today announced that the Division of Investment
Management of the U.S. Securities and Exchange Commission has granted the Company’s request for no-action
relief under section 12(d)(3) of the Investment Company Act of 1940 to permit it to establish a wholly-owned
investment advisory subsidiary. Shareholders previously approved the formation of an investment advisory subsidiary
at the Company’s Annual General Meeting held on March 11, 2010.
The Company is developing a business plan for an investment advisory business and is investigating investment
advisory opportunities. Given that the global investment advisory business is very competitive, the Company is
uncertain at this early stage as to the level of success that it will achieve in this new area of business.
Investors are encouraged to visit ASA’s website for additional information, including historical and current stock and
metals prices, news releases, financial statements and supplemental information. The site may be found at
www.asaltd.com or you may contact ASA directly at (800) 432-3378.
David J. Christensen
President and Chief Executive Officer
800-432-3378 or 650-376-3135