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

Rhea-AI Summary

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.

Positive

• Declared a distribution of $0.16 per share, attracting investor interest.
• Distribution policy aims for an annual payout equating to 8% of net asset value.

Negative

• A portion of the distribution may not be from net income, raising concerns about sustainability.
• Closed-end fund structure may limit liquidity for investors.

BOSTON, Jan. 11, 2021 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.16 per share payable on March 8, 2021 to shareholders of record on January 22, 2021 (ex-dividend date of January 21, 2021).  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 2021 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 February 19, 2021 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 $347 million in net assets as of January 8, 2021.

Past performance cannot predict future results.

An investment in the Fund involves risk, including loss of principal.

ALPS Portfolio Solutions Distributor, Inc. – FINRA Member Firm

Media Contact:
Liberty All-Star Funds
1-800-241-1850

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SOURCE Liberty All-Star Funds

FAQ

What is the distribution amount declared by Liberty All-Star Growth Fund (ASG)?

The distribution amount declared is $0.16 per share.

When will the distribution for ASG be paid to shareholders?

The distribution will be paid on March 8, 2021.

What is the record date for the distribution payment for ASG?

Shareholders must be on record by January 22, 2021.

What are the sources of the distribution for Liberty All-Star Growth Fund (ASG)?

The distribution may include sources other than net income, such as capital gains.

How will the distribution be issued to shareholders of ASG?

The distribution will be issued in newly created shares unless cash is elected.