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 Board of Liberty All-Star Growth Fund (NYSE: ASG) has approved a rights offering for shareholders, enabling them to purchase additional shares. Shareholders will receive rights to subscribe for one additional share for every five shares held, with an option for over-subscription if demand exceeds availability. The subscription price will be set at 95% of the lower of the net asset value or market price on the expiration date. This offering is contingent on the SEC's approval of a Registration Statement, which has not yet been filed.
The Liberty All-Star Growth Fund (Ticker: ASG) released its February 2021 Monthly Update, reporting a net asset value (NAV) of $8.05 and a market price of $8.95, reflecting an 11.2% premium. The fund’s performance for February was 2.68%, with a year-to-date performance of 2.72%. Top holdings include Chegg, Inc. (2.2%), Signature Bank (2.1%), and Natera, Inc. (2.1%). The fund invests across various market caps through three managers focusing on small, mid, and large-cap growth.
The Liberty All-Star Growth Fund (ASG) provided its January 2021 update, highlighting an all-cap growth investment strategy managed by three growth investment managers focusing on small-, mid-, and large-cap stocks.
As of month-end, the fund's net assets totaled $332.3 million with a premium of 6.0% over its NAV of $7.84. The fund's top holdings include Progyny, Chegg, and Natera, making up 30.9% of the equity portfolio. The sector breakdown shows a significant concentration in Information Technology (28.9%) and Health Care (25.6%) sectors.
The Liberty All-Star Growth Fund (NYSE: ASG) released its December 2020 Monthly Update, highlighting a 42.42% year-to-date performance. The fund's net assets reached $338.1 million, with $333.8 million in equities. Key holdings include Chegg, Progyny, and Amazon, making up 31.5% of the portfolio. The fund's NAV rose to $7.98 by month-end, while its market price was $8.20. The fund invests primarily in Information Technology (30.2%) and Health Care (24.8%).
New holdings include American Express and Disney.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has declared a distribution of $0.16 per share, payable March 8, 2021, to shareholders on record as of January 22, 2021 (ex-dividend date January 21, 2021). This payment aligns with the Fund's distribution policy, targeting 8% of its net asset value annually in four quarterly installments. A portion may derive from sources other than net income. The distribution will be issued in newly created shares unless opted for cash, calculated at the lower of the February 19, 2021, net asset value or market value.
The Liberty All-Star Growth Fund (NYSE: ASG) announced its November 2020 update, highlighting a strategic investment approach that incorporates three growth style managers focusing on small, mid, and large-cap stocks. The fund reported a net asset value (NAV) increase for the month to $7.51, reflecting a performance return of 11.73%. Notably, the fund's total assets reached $314.3 million with a percent invested at 101.5%. Top holdings include Chegg, Inc. (2.1%) and Progyny, Inc. (2.0%). The fund aims to deliver significant growth while managing risks associated with market fluctuations.
The Liberty All-Star Growth Fund (NYSE: ASG) reported its October 2020 monthly update, noting a net asset value (NAV) of $6.95 at month-end. The fund's market price was $7.20, indicating a premium of 3.6%. Performance for the month showed a slight decline of -0.14%, while year-to-date returns increased to 19.92%. The fund is primarily invested in equities, with total net assets of $291 million. Key sectors include Information Technology (30.3%) and Health Care (26.1%). New holdings included Eargo, Inc. and Entegris, Inc., while Varian Medical Systems, Inc. was liquidated.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has announced a distribution of $0.26 per share, scheduled for January 4, 2021, to shareholders of record as of November 13, 2020. This distribution comprises $0.14 per share under the Fund's annual distribution policy and $0.12 per share to meet federal excise tax requirements. Investors can opt for cash or newly issued shares, priced at the lower of the December 11, 2020 net asset value or market value. The Fund manages over $290 million in net assets as of October 30, 2020.
Liberty All-Star Growth Fund (NYSE: ASG) released its September 2020 update, showcasing an investment strategy that combines small-, mid-, and large-cap growth styles managed by three distinct firms. As of September 30, 2020, the total net assets stood at $291.6 million, with equities accounting for $286.7 million. The fund's NAV decreased by 2.25% this month, while the market price saw a decline of 7.06%. Top holdings include FirstService Corp (2.1%) and Chegg, Inc (2.0%). The fund showed a year-to-date performance of 20.09%, reflecting positive market conditions despite recent monthly losses.
The Liberty All-Star Growth Fund (NYSE: ASG) provided its August 2020 Monthly Update, detailing its investment approach and performance metrics. The fund employs an all-cap growth strategy with three distinct managers focusing on small-, mid-, and large-cap investments. As of August 31, 2020, the net assets totaled $296.4 million, with 99% invested in equities. The fund reported a year-to-date performance of 22.85%, and a month-end NAV of $7.12, reflecting a 5.17% monthly increase. Key holdings include FirstService Corp., Chegg, Inc., and Nevro Corp. The sector breakdown highlights significant exposure in Information Technology (31.1%) and Health Care (26.0%).