Contact Information: For Information Contact: Liberty All-Star Growth Fund, Inc. 1-800-241-1850 www.all-starfunds.com
Liberty All-Star(R) Growth Fund, Inc. Declares Distribution
| Source: ALPS Advisors, Inc.
BOSTON, MA--(Marketwire - February 16, 2010) - The Board of Directors of Liberty All-Star
Growth Fund, Inc. (NYSE : ASG ) has declared a distribution of $0.06 per
share payable on March 15, 2010 to shareholders of record on February 26,
2010 (ex-dividend date of February 24, 2010). The distribution is in
accordance with the Fund's current distribution policy of paying
distributions on its shares totaling approximately 6 percent of its net
asset value per year, payable in four quarterly installments of 1.5
percent. 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 2010 for tax reporting
purposes, including the percentage of qualified dividend income, will be
made after year-end.
The distribution will be paid in cash. Shareholders participating in
Liberty All-Star Growth Fund's Automatic Dividend Reinvestment and Direct
Purchase Plan will receive shares purchased for them on the open market by
the Plan Agent (if the shares are trading at a discount from their net
asset value) or issued to them by the Fund (if the shares are trading at or
above their net asset value).
ALPS Advisors, Inc. is the fund manager of the All-Star Growth Fund, a
multi-managed, closed-end investment company with more than $117 million in
net assets. The Fund's shares are listed on the New York Stock Exchange
under the symbol ASG.
The Liberty All-Star Growth Fund is a closed-end fund and does not
continuously offer shares. The Fund 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. Forward-looking statements are based on information
that is available on the date hereof, and neither the fund manager nor any
other person affiliated with the fund manager has any duty to update any
forward-looking statements. Important factors that could affect actual
results to differ from these statements include, among other factors,
material, negative changes to the asset class and the actual composition of
the portfolio.