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) has announced a distribution of $0.26 per share, scheduled for January 4, 2021, to shareholders of record as of November 13, 2020. This distribution comprises $0.14 per share under the Fund's annual distribution policy and $0.12 per share to meet federal excise tax requirements. Investors can opt for cash or newly issued shares, priced at the lower of the December 11, 2020 net asset value or market value. The Fund manages over $290 million in net assets as of October 30, 2020.

Positive

• Declared a distribution of $0.26 per share, reflecting the Fund's commitment to returning value to shareholders.
• Distribution aligns with the Fund's policy to pay approximately 8% of net asset value annually.

Negative

• A portion of the distribution may be treated as return of capital, which could indicate lower long-term income for shareholders.

BOSTON, Nov. 2, 2020 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution totaling $0.26 per share payable on January 4, 2021 to shareholders of record on November 13, 2020 (ex-dividend date of November 12, 2020).  This distribution consists of $0.14 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 $0.12 per share so the Fund can meet its 2020 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 2020 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 11, 2020 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 $290 million in net assets as of October 30, 2020.

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

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 for Liberty All-Star Growth Fund (ASG) in January 2021?

The distribution amount is $0.26 per share, payable on January 4, 2021.

When is the record date for the Liberty All-Star Growth Fund's distribution?

The record date for the distribution is November 13, 2020.

What are the sources of the distribution for ASG shareholders?

The distribution consists of $0.14 per share and $0.12 per share to meet federal excise tax requirements.

How does Liberty All-Star Growth Fund (ASG) handle its distribution payments?

Distributions will be paid in cash or newly issued shares, with shares priced at the lower of the December 11, 2020 net asset value or market value.

What is the total net asset value managed by Liberty All-Star Growth Fund (ASG)?

The Fund manages over $290 million in net assets as of October 30, 2020.