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

Rhea-AI Summary

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) declared a distribution of $0.11 per share, payable on September 6, 2022, to shareholders of record as of July 22, 2022. This distribution aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in quarterly installments. The distribution will be in newly issued shares unless shareholders opt for cash. As of July 8, 2022, the Fund manages over $315 million in net assets.

Positive

• Announced a distribution of $0.11 per share, enhancing shareholder returns.
• Distribution reflects a policy of approximately 8% of annual net asset value.
• Fund has over $315 million in net assets, indicating stable financial health.

Negative

• None.

BOSTON, July 11, 2022 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.11 per share payable on September 6, 2022 to shareholders of record on July 22, 2022 (ex-dividend date of July 21, 2022).  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 2022 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 August 19, 2022 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 $315 million in net assets as of July 8, 2022.

Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.

For Information Contact:
Liberty All-Star^® Growth Fund, Inc.
1-800-241-1850
www.all-starfunds.com

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SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

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

Liberty All-Star Growth Fund declared a distribution of $0.11 per share.

When will the distribution for ASG be paid to shareholders?

The distribution will be paid on September 6, 2022.

What is the record date for the ASG distribution?

The record date for the distribution is July 22, 2022.

What percentage of net asset value does ASG distribute annually?

Liberty All-Star Growth Fund distributes approximately 8% of its net asset value annually.

How will the distribution be issued for ASG shareholders?

The distribution will be issued in newly issued shares or cash if shareholders opt out of the Dividend Reinvestment Plan.