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.