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) is a diversified, closed-end management investment company that focuses on long-term capital appreciation through an all-cap growth equity strategy. The fund combines three growth-style investment managers, each concentrating on small-cap, mid-cap, or large-cap stocks, under the oversight of its investment advisor, ALPS Advisors, Inc. Its portfolio spans sectors such as information technology, industrials, health care, consumer discretionary, financials, communication services, real estate, consumer staples, materials, and energy.
This news page highlights regular updates and announcements from Liberty All-Star Growth Fund. Readers can find recurring monthly updates that detail the fund’s top holdings, sector breakdowns based on GICS classifications, net asset levels, and the percentage of the portfolio invested in equities. These updates also explain the relationship between net asset value (NAV), market price, and whether the fund’s shares trade at a premium or discount.
In addition to portfolio and performance commentary, the news stream features Board of Directors’ distribution declarations. These items describe the fund’s policy of targeting annual distributions totaling approximately 8 percent of net asset value, payable in quarterly installments, and explain how distributions may be sourced from income, capital gains, or return of capital. The news also outlines how distributions are delivered through newly issued shares for participants in the Dividend Reinvestment Plan or in cash for shareholders who elect that option.
Investors and researchers can use this page to follow Liberty All-Star Growth Fund’s ongoing communications about portfolio changes, new and liquidated holdings, distribution details, and risk reminders. Regularly reviewing these releases can help users understand how the fund’s all-cap growth strategy and sector allocations evolve over time within its closed-end fund structure.
The Liberty All-Star Growth Fund (NYSE: ASG) released its September 2021 Monthly Update. The fund employs an all-cap growth strategy through three distinct investment managers. Top holdings include SPS Commerce (2.2%) and Paylocity (2.1%). The fund's net assets total $462.5 million, with 97.3% invested in equities. During September, the NAV dropped to $8.57, reflecting a -4.14% performance while market price was $8.63, leading to a premium of 0.7%. Year-to-date performance stands at 15.41% for NAV and 13.10% for market price.
Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its August 2021 Monthly Update, highlighting key investment metrics. The fund employs three growth-style investment managers focusing on small-, mid-, and large-cap stocks. As of August 31, 2021, the fund's net assets totaled $479.5 million, with equities accounting for $481.5 million. The fund's NAV increased by 4.44% for the month, while the market price rose by 3.06%. Top holdings include companies like Paylocity, Amazon, and Upstart Holdings, with a significant allocation to Information Technology (29.8%).
The Liberty All-Star Growth Fund (NYSE: ASG) released its June 2021 update, showcasing a diversified all-cap growth investment strategy managed by three firms. The fund's net assets totaled $370.5 million, with a 99% investment in equities. Notable top holdings included FirstService Corp and Amazon.com, each constituting around 2% of the equity portfolio. The fund achieved a monthly performance of 4.11% and a year-to-date return of 12.30%. The NAV rose from $8.28 to $8.62, while the market price increased from $8.80 to $8.89, reflecting a 3.1% premium.
The Board of Directors of Liberty All-Star Growth Fund has announced a distribution of $0.17 per share, payable on September 7, 2021. Shareholders of record by July 23, 2021 will receive this distribution, with an ex-dividend date of July 22, 2021. This distribution aligns with the fund's policy to pay approximately 8% of its net asset value annually, distributed quarterly. A portion of the distribution may come from sources other than net income. The fund has net assets exceeding $463 million as of July 9, 2021.
The Liberty All-Star Growth Fund (NYSE: ASG) announced that its rights offering, which concluded on June 28, 2021, was fully subscribed. The Fund will issue up to 10,660,776 shares, including 8,528,621 primary subscription shares and 2,132,155 shares from the over-subscription privilege. The subscription price per share is $8.21, reflecting 95% of the average closing price on the expiration date and the four prior trading days. With net assets exceeding $372 million, ASG operates as a multi-managed, closed-end investment company.
The Liberty All-Star Growth Fund, ticker ASG, released its May 2021 Monthly Update. The fund employs a multi-manager approach, combining strategies across small-, mid-, and large-cap growth investments. The net asset value (NAV) at month-end was $352.9 million, with total equities of $355.2 million, indicating 100.7% invested. For May, the fund experienced a NAV decline of -1.31% and a market price decline of -5.07%. Year-to-date performance stands at 7.87% for NAV and 11.57% for market price.
The Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) has announced the record date for its rights offering, set for May 24, 2021. Shareholders of record will receive one non-transferable right for each share owned, allowing them to purchase one additional share for every five rights. The offering will begin on or about May 28, 2021, and is set to expire on or about June 28, 2021, with a subscription price of 95% of the lower of the reported net asset value or market price per share. This offering is contingent on the effectiveness of the Fund's Registration Statement with the SEC.
Liberty All-Star Growth Fund (NYSE: ASG) has released its monthly update for April 2021. The fund employs an all-cap growth strategy, leveraging three specialized managers. At month-end, the fund's NAV was $8.39, with a market price of $9.27, reflecting a premium of 10.5%. Monthly performance was strong, with a 5.71% increase in NAV. Top holdings include Progyny, Signature Bank, and FirstService Corp. The fund's net assets totaled $357.7 million, and it is invested at 101.2%. New investments included Ameresco, Inc. and Apria, Inc.
Liberty All-Star Growth Fund (ASG) released its March 2021 Monthly Update highlighting its all-cap growth investment approach, utilizing three distinct investment managers. The fund reported a net asset value of $345 million, with approximately 98.6% of the assets invested. The monthly performance showed a NAV increase of 0.50% and a market price decline of 3.80%. Notable top holdings include Progyny, Chegg, and Upstart Holdings, each at 2.0% of the portfolio. The sector breakdown shows significant investments in Information Technology (27.5%) and Health Care (23.1%).
The Liberty All-Star Growth Fund (NYSE: ASG) has declared a distribution of $0.17 per share, payable on June 7, 2021, to shareholders of record as of April 23, 2021. This aligns with the Fund's annual distribution policy, which totals approximately 8% of its net asset value, paid in quarterly installments. Distributions may include returns from various sources, including capital gains. Payments will primarily be made in newly issued shares, determined by the May 21, 2021 net asset or market value.