Welcome to our dedicated page for LIBERTY ALL-STAR GROWTH FD news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on LIBERTY ALL-STAR GROWTH FD stock.
Liberty All-Star Growth Fund, Inc. (NYSE: ASG) is a diversified, closed-end management investment company based in the United States. The primary objective of the Fund is to seek long-term capital appreciation by investing in a diversified portfolio of equity securities across various industries, including consumer discretionary, consumer staples, healthcare, industrial, information technology, and more. The Fund's strategy incorporates a blend of three distinct growth-oriented investment managers: Weatherbie Capital, LLC for small-cap growth, Congress Asset Management Company, LLP for mid-cap growth, and Sustainable Growth Advisers, LP for large-cap growth, with Westfield Capital Management Company, L.P. set to replace Sustainable Growth Advisers, subject to stockholder approval.
The Fund's top holdings as of recent updates include prominent companies such as SPS Commerce, Inc., Amazon.com, Inc., Microsoft Corp., Visa, Inc., and UnitedHealth Group, Inc. These holdings reflect the Fund's emphasis on high-quality, growth-oriented investments.
Liberty All-Star Growth Fund, Inc. provides monthly performance updates, revealing the Fund's NAV (Net Asset Value), market price, and overall performance metrics. For instance, as of March 2024, the Fund reported a NAV of $6.08 and a market price of $5.49, reflecting a performance of 7.90% year-to-date. The Fund's portfolio is actively managed, with new holdings and liquidations occurring regularly to optimize performance and align with market conditions.
Besides performance metrics, the Fund also communicates its sector allocations, ensuring transparency regarding its diversified investments. As of April 2024, the Fund's sector breakdown included 24.2% in Information Technology, 22.3% in Health Care, 17.3% in Industrials, and smaller allocations in other sectors.
The Fund follows a quarterly distribution policy, paying distributions totaling approximately 8 percent of its net asset value annually. These distributions may include ordinary dividends, long-term capital gains, and return of capital. Recent distributions and sources are detailed in their updates, providing investors with essential tax reporting information.
Liberty All-Star Growth Fund, Inc. continues to adapt and evolve, ensuring their investment strategies and portfolio management align with the goal of delivering long-term capital appreciation for their shareholders. For the latest updates and detailed information, investors are encouraged to visit the Fund's official website or contact their support team.
The Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) has announced the record date for its rights offering, set for May 24, 2021. Shareholders of record will receive one non-transferable right for each share owned, allowing them to purchase one additional share for every five rights. The offering will begin on or about May 28, 2021, and is set to expire on or about June 28, 2021, with a subscription price of 95% of the lower of the reported net asset value or market price per share. This offering is contingent on the effectiveness of the Fund's Registration Statement with the SEC.
Liberty All-Star Growth Fund (NYSE: ASG) has released its monthly update for April 2021. The fund employs an all-cap growth strategy, leveraging three specialized managers. At month-end, the fund's NAV was $8.39, with a market price of $9.27, reflecting a premium of 10.5%. Monthly performance was strong, with a 5.71% increase in NAV. Top holdings include Progyny, Signature Bank, and FirstService Corp. The fund's net assets totaled $357.7 million, and it is invested at 101.2%. New investments included Ameresco, Inc. and Apria, Inc.
Liberty All-Star Growth Fund (ASG) released its March 2021 Monthly Update highlighting its all-cap growth investment approach, utilizing three distinct investment managers. The fund reported a net asset value of $345 million, with approximately 98.6% of the assets invested. The monthly performance showed a NAV increase of 0.50% and a market price decline of 3.80%. Notable top holdings include Progyny, Chegg, and Upstart Holdings, each at 2.0% of the portfolio. The sector breakdown shows significant investments in Information Technology (27.5%) and Health Care (23.1%).
The Liberty All-Star Growth Fund (NYSE: ASG) has declared a distribution of $0.17 per share, payable on June 7, 2021, to shareholders of record as of April 23, 2021. This aligns with the Fund's annual distribution policy, which totals approximately 8% of its net asset value, paid in quarterly installments. Distributions may include returns from various sources, including capital gains. Payments will primarily be made in newly issued shares, determined by the May 21, 2021 net asset or market value.
The Board of Liberty All-Star Growth Fund (NYSE: ASG) has approved a rights offering for shareholders, enabling them to purchase additional shares. Shareholders will receive rights to subscribe for one additional share for every five shares held, with an option for over-subscription if demand exceeds availability. The subscription price will be set at 95% of the lower of the net asset value or market price on the expiration date. This offering is contingent on the SEC's approval of a Registration Statement, which has not yet been filed.
The Liberty All-Star Growth Fund (Ticker: ASG) released its February 2021 Monthly Update, reporting a net asset value (NAV) of $8.05 and a market price of $8.95, reflecting an 11.2% premium. The fund’s performance for February was 2.68%, with a year-to-date performance of 2.72%. Top holdings include Chegg, Inc. (2.2%), Signature Bank (2.1%), and Natera, Inc. (2.1%). The fund invests across various market caps through three managers focusing on small, mid, and large-cap growth.
The Liberty All-Star Growth Fund (ASG) provided its January 2021 update, highlighting an all-cap growth investment strategy managed by three growth investment managers focusing on small-, mid-, and large-cap stocks.
As of month-end, the fund's net assets totaled $332.3 million with a premium of 6.0% over its NAV of $7.84. The fund's top holdings include Progyny, Chegg, and Natera, making up 30.9% of the equity portfolio. The sector breakdown shows a significant concentration in Information Technology (28.9%) and Health Care (25.6%) sectors.
The Liberty All-Star Growth Fund (NYSE: ASG) released its December 2020 Monthly Update, highlighting a 42.42% year-to-date performance. The fund's net assets reached $338.1 million, with $333.8 million in equities. Key holdings include Chegg, Progyny, and Amazon, making up 31.5% of the portfolio. The fund's NAV rose to $7.98 by month-end, while its market price was $8.20. The fund invests primarily in Information Technology (30.2%) and Health Care (24.8%).
New holdings include American Express and Disney.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) has declared a distribution of $0.16 per share, payable March 8, 2021, to shareholders on record as of January 22, 2021 (ex-dividend date January 21, 2021). This payment aligns with the Fund's distribution policy, targeting 8% of its net asset value annually in four quarterly installments. A portion may derive from sources other than net income. The distribution will be issued in newly created shares unless opted for cash, calculated at the lower of the February 19, 2021, net asset value or market value.
The Liberty All-Star Growth Fund (NYSE: ASG) announced its November 2020 update, highlighting a strategic investment approach that incorporates three growth style managers focusing on small, mid, and large-cap stocks. The fund reported a net asset value (NAV) increase for the month to $7.51, reflecting a performance return of 11.73%. Notably, the fund's total assets reached $314.3 million with a percent invested at 101.5%. Top holdings include Chegg, Inc. (2.1%) and Progyny, Inc. (2.0%). The fund aims to deliver significant growth while managing risks associated with market fluctuations.
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