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

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has announced a $0.10 per share distribution payable on January 3, 2023, to shareholders on record as of November 18, 2022.

Rhea-AI Summary

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has announced a $0.10 per share distribution payable on January 3, 2023, to shareholders on record as of November 18, 2022. This aligns with the Fund's annual distribution policy of about 8% of its net asset value, disbursed quarterly. A portion of this distribution may derive from sources other than net income, including capital gains and return of capital. Newly issued shares will be distributed, except for shareholders opting for cash, with calculations based on the December 16, 2022 net asset value or market value.

Positive

• Declaration of a $0.10 per share distribution boosts shareholder returns.
• Distribution aligns with a policy of approximately 8% of net asset value annually.
• The fund has over $293 million in net assets, demonstrating financial stability.

Negative

• A portion of the distribution may come from sources other than net income, potentially signaling reduced operational income.

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BOSTON, Nov. 7, 2022 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.10 per share payable on January 3, 2023 to shareholders of record on November 18, 2022 (ex-dividend date of November 17, 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 December 16, 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 $293 million in net assets as of November 4, 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

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SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

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

When will Liberty All-Star Growth Fund pay the $0.10 distribution?

The distribution will be payable on January 3, 2023.

What is the record date for the distribution of Liberty All-Star Growth Fund?

The record date is November 18, 2022.

What portion of the Liberty All-Star Growth Fund's distribution may not be from net income?

A portion may come from short-term and long-term capital gains, as well as return of capital.

How does Liberty All-Star Growth Fund issue distributions?

Distributions will be in newly issued shares for most shareholders, except those choosing cash.

What is the ticker symbol for Liberty All-Star Growth Fund?

The ticker symbol is ASG.