Liberty All-Star® Growth Fund, Inc.
November 01 2018 - 1:47PM
Business Wire
Announces Results of Rights Offering
The Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) today
announced it will issue 9,205,421 new common shares as a result of
the Fund’s recent rights offering which expired on October 31, 2018
(the “Expiration Date”). The Subscription Price per share is $4.81,
which represents 95 percent of the average of the closing New York
Stock Exchange (“NYSE”) market price per share of common stock on
the Expiration Date and the four preceding trading days.
The new shares represent the entire amount of the primary
subscription. Since there were not sufficient shares in the primary
subscription to honor all over-subscription requests, available
shares will be allocated among those who over-subscribed based on
the number of shares held on September 17, 2018 (the “Record
Date”). The Fund will not issue shares in excess of the primary
subscription.
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 NYSE 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 $156 million in net
assets as of October 31, 2018.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181101005949/en/
Liberty All-Star Growth Fund, Inc. (ASG)Bill Parmentier,
1-800-241-1850www.all-starfunds.com
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