ASA Limited Appoints David J. Christensen Vice President - Investments and Declares Semi-Annual Dividend.BUFFALO, N.Y. -- ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and Limited (NYSE NYSE See: New York Stock Exchange : ASA), a closed-end investment company closed-end investment company: see mutual fund. , today reported the appointment of David J. Christensen as Vice President - Investments of the Company. Mr. Christensen will assist Robert J.A. Irwin, Chairman, President and Chief Executive Officer, in the management of the Company's $736 million portfolio of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mining company investments. Mr. Christensen has extensive experience in finance and investment management, with particular emphasis on the global gold and other precious metals mining sector. At Merrill Lynch he was consistently ranked as one of the brokerage industry's best precious metals mining analysts. He was a portfolio manager with the Franklin Templeton Group's Franklin Gold Fund and Valuemark Precious Metals Funds. He is currently a director of Hecla Mining Company and is associated with Gabriel Resources, Inc. Mr. Christensen received a Master of International Management from The American Graduate School of International Management (Thunderbird thunderbird In North American Indian mythology, a powerful spirit in the form of a bird that watered the earth and made vegetation grow. Lightning was believed to flash from its eyes or beak, and the beating of its wings was thought to represent rolling thunder. ) and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from California State University Enrollment  (Chico, CA).
Mr. Christensen will assist in implementing management's plan to continue to diversify the Company's portfolio outside of South Africa. As a result of this diversification, it is likely that more capital gains may be realized than has been typical in past years. The Company today also declared a dividend of $.30 per share on the Common Shares of the Company payable May 25, 2007 to shareholders of record on May 18, 2007. Forward-Looking Statements Certain statements in this press release are "forward-looking statements" within the meaning of U.S. federal securities laws and are intended to be covered by the safe harbors created thereby. By their nature all forward-looking statements involve risks, uncertainties and other factors which may cause actual results, performance or achievements of management's plans to be materially different from those contemplated by the forward-looking statements. Such factors include, but are not limited to, the performance of the companies whose securities comprise the Company's portfolio, the conditions in the United States, South Africa and other international securities and foreign exchange markets, the price of gold, platinum and other precious minerals and changes in tax law. |
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