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 $0.12 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024. This aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in four quarterly payments of 2%. The source of this distribution may include net income, capital gains, or return of capital. Shareholders will receive new shares unless they opt for cash. The issued shares will be priced at the lower of the August 16, 2024 net asset value or market value, but not less than 95% of market value. The Fund's shares are listed on the NYSE under ASG, and ALPS Advisors, Inc. manages the Fund. As of July 5, 2024, the Fund managed over $352 million in net assets.

Positive

• The Fund declared a $0.12 per share distribution.
• The distribution aligns with the policy of 8% annual net asset value distribution.
• The Fund manages over $352 million in net assets as of July 5, 2024.

Negative

• A portion of the distribution may come from sources other than net income, including return of capital.

BOSTON, July 8, 2024 /PRNewswire/ -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.12 per share payable on September 3, 2024 to shareholders of record on July 19, 2024. 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 2024 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 16, 2024 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 $352 million in net assets as of July 5, 2024.

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

LAS001255

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SOURCE Liberty All-Star Growth Fund, Inc.

FAQ

What is the declared distribution for Liberty All-Star Growth Fund in 2024?

The Board declared a $0.12 per share distribution payable on September 3, 2024, to shareholders of record on July 19, 2024.

How does Liberty All-Star Growth Fund's distribution policy work?

The Fund's policy is to distribute approximately 8% of its net asset value annually in four quarterly payments of 2%.

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

The distribution will be paid on September 3, 2024.

How will Liberty All-Star Growth Fund shares be issued for the distribution?

Shares will be issued at the lower of the August 16, 2024 net asset value or market value, but not less than 95% of market value.

What is the net asset value of Liberty All-Star Growth Fund as of July 5, 2024?

As of July 5, 2024, the Fund manages over $352 million in net assets.

What is the ticker symbol for Liberty All-Star Growth Fund?

The ticker symbol for Liberty All-Star Growth Fund is ASG.

Who is the investment advisor of Liberty All-Star Growth Fund?

ALPS Advisors, Inc. is the investment advisor of the Fund.