Liberty All-Star® Growth Fund, Inc. Declares Distribution
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a $0.12 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024.
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Rhea-AI Summary
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a $0.12 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024. This aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in four quarterly payments of 2%. The source of this distribution may include net income, capital gains, or return of capital. Shareholders will receive new shares unless they opt for cash. The issued shares will be priced at the lower of the August 16, 2024 net asset value or market value, but not less than 95% of market value. The Fund's shares are listed on the NYSE under ASG, and ALPS Advisors, Inc. manages the Fund. As of July 5, 2024, the Fund managed over $352 million in net assets.
Positive
- The Fund declared a $0.12 per share distribution.
- The distribution aligns with the policy of 8% annual net asset value distribution.
- The Fund manages over $352 million in net assets as of July 5, 2024.
Negative
- A portion of the distribution may come from sources other than net income, including return of capital.
Details
News Market Reaction – ASG
The recorded move for ASG in the trading session of this news was +0.37%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 August 16, 2024 net asset value per share or market value per share (but not less than
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
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
LAS001255
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SOURCE Liberty All-Star Growth Fund, Inc.
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