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

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.15 per share, payable on March 7, 2022, to shareholders recorded by January 21, 2022.

Rhea-AI Summary

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.15 per share, payable on March 7, 2022, to shareholders recorded by January 21, 2022. This aligns with the Fund's distribution policy of roughly 8% of its net asset value annually, distributed in four quarterly installments. Shareholders not enrolled in the Dividend Reinvestment Plan will receive cash payments. The distribution may include returns from sources beyond net income. As of January 7, 2022, the Fund manages assets exceeding $425 million.

Positive

• Distribution of $0.15 per share reflects a commitment to shareholders.
• Approximately 8% annual distribution aligns with investors' expectations.
• More than $425 million in net assets indicates financial stability.

Negative

• None.

Argus Session date unavailable

-3.51% session move Open Argus

Details

News Market Reaction – ASG

The recorded move for ASG in the trading session of this news was -3.51%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BOSTON, Jan. 10, 2022 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.15 per share payable on March 7, 2022 to shareholders of record on January 21, 2022 (ex-dividend date of January 20, 2022).  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 2022 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 February 18, 2022 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 $425 million in net assets as of January 7, 2022.

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 

View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-all-star-growth-fund-inc-declares-distribution-301457369.html

SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the distribution amount announced by Liberty All-Star Growth Fund (ASG)?

Liberty All-Star Growth Fund declared a distribution of $0.15 per share.

When will the distribution for ASG shareholders be paid?

The distribution will be paid on March 7, 2022.

What is the record date for the distribution of ASG?

The record date for the distribution is January 21, 2022.

What portion of the ASG distribution may come from sources other than net income?

A portion of the distribution may be treated as short-term capital gain, long-term capital gain, or return of capital.

How often does Liberty All-Star Growth Fund (ASG) distribute to its shareholders?

Liberty All-Star Growth Fund distributes approximately 8% of its net asset value annually in four quarterly installments.