Rochester, New York 1/6/2010 7:10:00 AM
News / Business

ASA Limited (NYSE:ASA) Releases Fiscal Year Earnings

ASA Limited (NYSE:ASA) has released the financial results for the fiscal year ended November 30, 2009.  The company reported a total return of 101.8%, including the reinvestment of dividends.  The company’s net assets were $580,355,255, or $89.56 per share, compared to $341,094,669, or $47.37 per share for fiscal 2008.

 

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Total shares outstanding for the fiscal year were 6,480,000, versus 7,200,000 for the previous year.  The shares outstanding reported excludes net realized gain from investments, other net realized gains, and net increase in unrealized appreciation on investments.  To review the full financial report, visit http://www.asaltd.com/.

 

ASA Limited is a closed-end management investment company. The Company provides investors a vehicle to invest in a portfolio consisting primarily of the stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals. The Company may invest in gold, silver and platinum bullion or securities. These securities seek to replicate the price movement of gold, silver or platinum bullion.

 

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