ASA Limited Announces Results of Tender Offer
July 26, 2010 09:35 AM 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 the results of the contingent
tender offer measurement period ended July 23, 2010.
Pursuant to the tender offer program announced on March 31, 2008, the Company committed to conduct a cash
tender offer for 10% of its outstanding shares at a price of 98% of NAV in fiscal year 2010 if its shares traded on
the New York Stock Exchange (NYSE) during a 12-week measurement period as determined by the board of
directors at an average discount to net asset value (NAV) of more than 10% measured on the last trading day of
each week during the measurement period. For the 12-week measurement period ended July 23, 2010, the
Company’s shares traded at an average weekly discount to NAV of 8.3%. Consequently, the Company will not
conduct a tender offer in its 2010 fiscal year. The board of directors will continue to monitor carefully the movement
of the Company’s share price against its NAV.
Investors are encouraged to visit the Company’s website for additional information, including historical and current
stock and metals prices, news releases, financial statements and supplementary information. The site may be found at
www.asaltd.com or investors may contact the Company directly at (800) 432-3378.
David J. Christensen
800-432-3378 or 650-376-3135
President and Chief Executive Officer