#United States #Boston #dividends #Liberty All-Star #NYSE ASG

Liberty All-Star Growth Fund Distribution Announcement

On January 13, 2025, the Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) announced its decision to distribute $0.12 per share to shareholders. This payment is set to be executed on March 10, 2025, to all shareholders who are recorded as of January 24, 2025. This distribution aligns with the Fund’s goal of maintaining a distribution policy that pays out approximately 8% of its net asset value annually, delivered in four quarterly installments of 2% each.

Details of the Distribution

Shareholders of the Liberty All-Star Growth Fund are likely to welcome this announcement, as it represents a consistent approach in providing returns to investors. The Fund’s long-established distribution strategy showcases its commitment to delivering value, with this upcoming distribution being part of a trend aimed at rewarding shareholders through regular payouts.

One notable aspect of this distribution is that it may include amounts treated as coming from various sources beyond just net income. This includes potential allocations from short-term capital gains, long-term capital gains, and even return on capital. The precise breakdown of these sources will be clarified at the year-end, critical for shareholders who are keenly interested in tax implications and the nature of their returns.

Moreover, the distribution will be primarily allocated in newly issued shares to shareholders who participate in the Liberty All-Star Growth Fund's Dividend Reinvestment Plan. For those opting for cash, they must follow specific procedures to make this election. Shareholders receiving stocks instead of cash will see their shares issued at either the net asset value per share determined on February 21, 2025, or the current market value, depending on which is lower, but not less than 95% of the market value.

Market Implications

Trading for closed-end funds can often be intricate. For investors looking to buy or sell shares, transactions must occur through intermediaries or brokers. It’s important to understand that the share price is reflective of the market's valuation rather than the Fund’s net asset value. Currently, the market performance of Liberty All-Star Growth Fund shares, which are actively traded on the New York Stock Exchange, can be monitored under the ticker symbol ASG.

As of January 10, 2025, the Fund boasts an impressive $371 million in net assets, showcasing its viability and strong market presence.

Understanding the Investment

While the allure of receiving dividends remains, potential investors should be mindful of the inherent risks associated with investment in closed-end funds. Investing not only entails the chance of returns but also risks, including potential loss of principal. This emphasizes the importance for investors to perform their due diligence and comprehend market trends before making investment decisions.

The secondary market support for the Fund is managed by ALPS Fund Services, which reaffirms its role in maintaining the asset's appeal to shareholders. In an economy where stocks can be volatile, the Liberty All-Star Growth Fund's commitment to provide dividends is a strategic move to attract and retain investors.

By providing consistent distributions and a structured investment approach, the Liberty All-Star Growth Fund remains an important player in the mutual funds sector, attracting attention with its established practices and a record of performance that appeals to dividend-seeking investors.

For any inquiries or further details regarding the distribution or investment opportunities with the Liberty All-Star Growth Fund, stakeholders can reach out at 1-800-241-1850 or visit their official website at www.all-starfunds.com.