Welcome to our dedicated page for Liberty All-Star Growth news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Growth stock.
Liberty All-Star Growth Fund Inc (NYSE: ASG) operates as a diversified closed-end investment company focused on long-term capital appreciation through multi-cap growth strategies. This news hub provides investors with direct access to all official corporate developments, financial updates, and market-related announcements.
Our curated collection serves as a comprehensive resource for tracking ASG's portfolio adjustments, management decisions, and sector-specific investments across consumer discretionary, healthcare, technology, and industrial markets. Users benefit from chronological organization of press releases paired with contextual financial reporting.
The archive includes essential updates such as quarterly earnings disclosures, dividend declarations, NAV calculations, portfolio rebalancing details, and regulatory filings. All content is sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined monitoring of ASG's closed-end fund performance, manager commentaries, and strategic initiatives. Regular updates provide investors with the necessary tools to track this multi-cap growth vehicle's market positioning and investment decisions.
The Liberty All-Star Growth Fund (NYSE: ASG) released its March 2023 Monthly Update, detailing a fund style focused on all-cap growth through three distinct investment managers: Weatherbie Capital for small-cap, Congress Asset Management for mid-cap, and Sustainable Growth Advisers for large-cap.
As of March 31, 2023, the Fund's net assets totaled $315.1 million, with 98.1% invested in equities. The top holdings include major firms like SPS Commerce (2.7%) and Microsoft (2.0%).
The Fund's performance shows a 0.55% increase for the month and a 6.55% year-to-date return, with the net asset value (NAV) increasing from $5.43 to $5.46, while the market price slightly improved from $5.24 to $5.28.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has declared a $0.11 per share distribution, scheduled for payment on June 5, 2023, to shareholders of record as of April 21, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of net asset value annually, issued in four quarterly installments of 2%. A portion may be sourced from non-net income resources, including capital gains and return of capital. The actual distribution source for 2023 will be finalized after year-end.
The payment will be made in newly issued shares for most shareholders, with certain exceptions for cash election. Shares will be issued at the lower of the May 19, 2023 net asset value or market price, not below 95% of market value. The fund has over $308 million in net assets as of April 6, 2023.
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