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

On January 9, 2023, Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.11 per share, payable on March 6, 2023.

Rhea-AI Summary

On January 9, 2023, Liberty All-Star Growth Fund (NYSE: ASG) announced a distribution of $0.11 per share, payable on March 6, 2023. Shareholders of record by January 20, 2023 will benefit, with an ex-dividend date set for January 19, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of its net asset value annually, through four quarterly payments. The distribution will predominantly be in newly issued shares, valued at either the February 17, 2023 net asset value or market value.

Positive

• Declared a steady distribution of $0.11 per share, indicating a commitment to returning value to shareholders.
• Distribution represents approximately 8% of net asset value, which is a solid return for investors.

Negative

• None.

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BOSTON, Jan. 9, 2023 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.11 per share payable on March 6, 2023 to shareholders of record on January 20, 2023 (ex-dividend date of January 19, 2023). 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 2023 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 17, 2023 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 $302 million in net assets as of January 6, 2023. 

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

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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 has announced a distribution of $0.11 per share.

When will the distribution be payable to shareholders of ASG?

The distribution will be payable on March 6, 2023.

What is the ex-dividend date for ASG's distribution?

The ex-dividend date is set for January 19, 2023.

How often does Liberty All-Star Growth Fund distribute payments?

The fund distributes payments quarterly, totaling approximately 8% of its net asset value per year.

What sources may the distribution to ASG shareholders come from?

The distribution may include short-term capital gains, long-term capital gains, and return of capital.