Liberty All-Star® Growth Fund, Inc. Declares Regular Quarterly Distribution and Amount Required for Excise Tax Purposes

Rhea-AI Summary

The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) declared a distribution of $0.52 per share, payable on January 3, 2022, to shareholders of record as of November 19, 2021. This includes $0.18 per share aligned with the fund's distribution policy and $0.34 to meet 2021 federal excise tax distribution requirements. Shareholders not in the Dividend Reinvestment Plan will receive cash, while others will receive shares based on the December 17, 2021 net asset value or market value. The fund managed $494 million in net assets as of November 5, 2021.

Positive

• Declared a distribution of $0.52 per share, providing shareholder returns.
• Distribution policy aligns with annual net asset value at approximately 8%.
• Managed over $494 million in net assets, indicating strong financial positioning.

Negative

• None.

BOSTON, Nov. 8, 2021 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution totaling $0.52 per share payable on January 3, 2022 to shareholders of record on November 19, 2021 (ex-dividend date of November 18, 2021).  This distribution consists of $0.18 per share 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 and $0.34 per share so the Fund can meet its 2021 distribution requirement for federal excise tax purposes.  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 December 17, 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 $494 million in net assets as of November 5, 2021.

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)?

The distribution amount declared is $0.52 per share.

When will the distribution be payable for ASG shareholders?

The distribution will be payable on January 3, 2022.

What is the record date for the distribution of ASG?

The record date for the distribution is November 19, 2021.

How will the distribution for ASG be issued to shareholders?

The distribution will be issued in newly issued shares or cash for those not in the Dividend Reinvestment Plan.

What portion of the distribution for ASG is to meet tax requirements?

A portion of the distribution, specifically $0.34 per share, is to meet 2021 federal excise tax requirements.