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 $0.11 per share distribution, scheduled for payment on June 5, 2023, to shareholders of record as of April 21, 2023. This distribution aligns with the Fund's policy of distributing approximately 8% of net asset value annually, issued in four quarterly installments of 2%. A portion may be sourced from non-net income resources, including capital gains and return of capital. The actual distribution source for 2023 will be finalized after year-end.
The payment will be made in newly issued shares for most shareholders, with certain exceptions for cash election. Shares will be issued at the lower of the May 19, 2023 net asset value or market price, not below 95% of market value. The fund has over $308 million in net assets as of April 6, 2023.

Positive

• Declared a distribution of $0.11 per share, providing regular income to investors.
• Annual distribution totaling approximately 8% of net asset value enhances attractiveness to income-focused investors.
• Demonstrates commitment to shareholder returns with quarterly installments.

Negative

• A portion of the distribution may be treated as return of capital, which could affect long-term value.
• The value of shares issued may be subject to market fluctuations impacting immediate investor returns.

BOSTON, April 10, 2023 /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 June 5, 2023 to shareholders of record on April 21, 2023 (ex-dividend date of April 20, 2023). 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 2023 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 19, 2023 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 $308 million in net assets as of April 6, 2023.

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 declared distribution amount for Liberty All-Star Growth Fund (ASG)?

The declared distribution amount is $0.11 per share.

When will the distribution for ASG be paid?

The distribution will be paid on June 5, 2023.

What is the distribution policy of Liberty All-Star Growth Fund (ASG)?

The fund aims to distribute approximately 8% of its net asset value annually.

What is the ex-dividend date for the upcoming ASG distribution?

The ex-dividend date is April 20, 2023.

How are shares issued for the distribution of ASG?

Shares will be issued at the lower of the May 19, 2023 net asset value or market value, not less than 95% of market value.