09:49 AM EDT, 04/02/2025 (MT Newswires) -- ASA Gold and Precious Metals ( ASA ) activist shareholder Saba Capital Management said Wednesday it has asked a US federal court to enforce its March 28 ruling by invalidating the poison pill that the company issued on Monday.

Saba Capital said the US District Court for the Southern District of New York's March 28 ruling stated that the company's poison pill violated the Investment Company Act.

The activist shareholder said the company issued on Monday "an extension of the poison pill in direct conflict with the court's decision."

ASA didn't immediately respond to a request for comment from MT Newswires.

Shares were down 1.2% in recent trading.

Price: 28.93, Change: -0.34, Percent Change: -1.16