Liberty All-Star® Growth Fund, Inc. reports regular quarterly distribution and required amount for excise tax purposes


BOSTON, November 2, 2020 / PRNewswire / – The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) 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 12 november, 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% of its net asset value per year, payable in four quarterly installments of 2% and $ 0.12 per share so that the Fund can meet its 2020 distribution requirement for federal excise tax purposes. A portion of the distribution can be considered paid from sources other than net income, including, but not limited to, short-term capital gains, long-term capital gains, and return of capital . The final determination of the source of all distributions in 2020 for tax reporting purposes, including the percentage of eligible dividend income, will be made after year end.

The distribution will be paid in newly issued shares to all shareholders except those who do not participate in the Liberty All-Star Growth Fund’s dividend reinvestment plan and who elect to receive the distribution in cash. The shares will be issued at the lower of 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 sale price on the New York Stock Exchange.

The Fund does not issue shares continuously and does not trade in the secondary market, investors wishing to buy or sell shares must place orders through an intermediary or broker. The share price of a closed fund is based on the market value. The Fund’s shares are listed on the New York Stock Exchange under the 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 at October 30, 2020.

Past performance cannot predict future results.
Investing in the Fund involves risks, including loss of capital.
ALPS Portfolio Solutions Distributor, Inc. – Member firm of FINRA

For more information contact:
Liberty All-Star® Growth Fund, Inc.

SOURCE Liberty All-Star Growth Fund, Inc.

Related links

Source link


Leave A Reply