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

Rhea-AI Summary

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a $0.14 per share distribution to shareholders, payable on June 6, 2022. Shareholders of record as of April 22, 2022, will receive this distribution, with the ex-dividend date set for April 21, 2022. This aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in quarterly installments. The distribution may include returns of capital and capital gains. Shares will be issued at the lower of the May 20, 2022, net asset value or market value, not less than 95% of market value.

Positive

• Distribution of $0.14 per share signifies a commitment to providing returns to shareholders.
• Annual distribution policy is approximately 8% of net asset value, appealing for income-focused investors.

Negative

• A portion of the distribution may be treated as a return of capital, which could indicate lower income generation.

BOSTON, April 11, 2022 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.14 per share payable on June 6, 2022 to shareholders of record on April 22, 2022 (ex-dividend date of April 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 May 20, 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 $380 million in net assets as of April 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.

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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) in April 2022?

Liberty All-Star Growth Fund declared a distribution of $0.14 per share.

When will Liberty All-Star Growth Fund's distribution be paid?

The distribution will be paid on June 6, 2022.

What is the record date for the Liberty All-Star Growth Fund distribution?

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

What is the ex-dividend date for Liberty All-Star Growth Fund's distribution?

The ex-dividend date is April 21, 2022.

How will the distribution be issued to shareholders of Liberty All-Star Growth Fund (ASG)?

Shares will be issued at the lower of the May 20, 2022 net asset value or market value, but not less than 95% of market value.