Liberty All-Star® Growth Fund, Inc. Declares Distribution

Rhea-AI Summary

Liberty All-Star Growth Fund (NYSE: ASG) has announced a $0.12 per share distribution payable on January 2, 2025, to shareholders of record on November 15, 2024. This aligns with their policy of distributing approximately 8% of net asset value annually in four quarterly installments. The distribution will be paid in newly issued shares, except for shareholders not participating in the Dividend Reinvestment Plan who elect cash payments. The Fund, with over $363 million in net assets as of November 1, 2024, trades on the NYSE and is managed by ALPS Advisors.

Positive

• Maintains consistent 8% annual distribution policy
• Significant net assets of $363 million
• Offers dividend reinvestment option for shareholders

Negative

• Distribution may include return of capital, not just net income
• Share issuance for distribution could lead to dilution

Insights

Financial Analyst

The Liberty All-Star Growth Fund's latest quarterly distribution of $0.12 per share represents their commitment to an annual 8% distribution rate based on NAV. This distribution strategy, while providing consistent income to shareholders, is noteworthy as it may include various sources beyond just net income. The fund's current net assets of $363 million and their dividend reinvestment plan offering shares at the lower of NAV or market value (minimum 95% of market value) demonstrates a shareholder-friendly approach. However, investors should note that portions of the distribution might be classified as return of capital, which could impact their tax situation differently than pure dividend income. The fund's closed-end structure means price can deviate from NAV, creating potential opportunities or risks for investors.

BOSTON, Nov. 4, 2024 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.12 per share payable on January 2, 2025 to shareholders of record on November 15, 2024. This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 8 percent of its net asset value per year, payable in four quarterly installments of 2 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2024 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.

The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Growth Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the December 13, 2024 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Fund's shares for this purpose will be the last sales price on the New York Stock Exchange.

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 $363 million in net assets as of November 1, 2024.

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.

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

LAS001276

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SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the latest dividend distribution amount for Liberty All-Star Growth Fund (ASG)?

Liberty All-Star Growth Fund (ASG) declared a distribution of $0.12 per share, payable on January 2, 2025.

When is the record date for ASG's latest dividend distribution?

The record date for ASG's distribution is November 15, 2024.

What is ASG's current distribution policy?

ASG's distribution policy is to pay approximately 8% of its net asset value per year, distributed in four quarterly installments of 2% each.

What are ASG's total net assets as of November 2024?

ASG reported net assets of more than $363 million as of November 1, 2024.