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. reports recurring closed-end fund updates for its NYSE-listed shares under the symbol ASG. The fund seeks long-term capital appreciation through a diversified equity portfolio and uses a multi-manager growth strategy with distinct small-, mid- and large-capitalization mandates selected and monitored by its investment advisor.
Company news commonly covers monthly net asset value, market price and discount data, total-return performance, sector allocation across areas such as information technology, industrials, health care and consumer discretionary, quarterly distribution declarations, dividend reinvestment mechanics and investment manager changes within the fund's growth portfolio structure.
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.
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.