Liberty All-Star® Growth Fund, Inc. Announces Investment Manager Change

Liberty All-Star Growth Fund (NYSE: ASG) announced that Congress Asset Management Company, LLP will become the investment manager for the Fund's small-cap growth portfolio effective April 1, 2026, replacing Weatherbie Capital.

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BOSTON--(BUSINESS WIRE)-- The Board of Directors of Liberty All-Star Growth Fund, Inc. (the “Fund”) (NYSE: ASG) has appointed Congress Asset Management Company, LLP (“Congress”) as the investment manager for the small-cap growth portion of the Fund’s portfolio effective April 1, 2026 replacing Weatherbie Capital, LLC.

The small-cap investment team at Congress, led by Gregg O’Keefe, CFA, seeks companies that demonstrate changes in growth at consistently higher levels of profitability than other companies in their respective industries. The mid-cap investment team at Congress will continue to manage the mid-cap growth portion of the Fund’s portfolio and Westfield Capital Management Company, L.P. will continue to manage the large-cap growth portion.

The Fund does not continuously issue shares and trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market’s value. The Fund’s shares are listed on the New York Stock Exchange under the ticker symbol ASG. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $334 million in net assets as of March 26, 2026.

Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
Secondary market support provided to the Fund by ALPS Fund Services, Inc.’s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member.
ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20260327458830/en/

For Information Contact:
Liberty All-Star^® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com

Source: Liberty All-Star Growth Fund, Inc.

Key Terms

closed-end fund financial

A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.

finra regulatory

FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.

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