Liberty All Star Growth Fund Inc. Announces an Equity Buyback
June 24, 2012
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The Board of Directors of Liberty All Star Growth Fund Inc. (NYSE:ASG) authorized a tender offer on June 25, 2012. Under the offer, the company will repurchase up to 25% of its outstanding shares of common stock at a price equal to 95% of its net asset value per share. If the amount of the Fund's outstanding common stock that is properly tendered and not properly withdrawn exceeds the maximum amount of its offer, the Fund will purchase shares from tendering stockholders on a pro rata basis, with appropriate adjustment to avoid purchase of fractional shares of common stock. Accordingly, there is no assurance that the Fund will purchase all of a stockholder's tendered shares. The tender offer will expire on July 24, 2012, or on such later date to which the offer is extended. AST Fund Solutions, LLC acted as the information agent to the fund for the buyback transaction.
Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective through investing at least 65% of its net assets in a diversified portfolio of equity securities of companies of any market capitalization. The Fund may invest up to 35% of the value of its total assets in United States (U.S.) Government Securities, repurchase agreements with respect to U.S. Government Securities, and, to an extent not greater than 10% of the market value of the Fund's total assets, money market mutual funds that invest primarily in U.S. Government Securities. The Fund's investment advisor is ALPS Advisors, Inc. The Fund's investment managers include Congress Asset Management Company, LLP; Sustainable Growth Advisers, LP, and Weatherbie Capital LLC.
LIBERTY ALL-STAR GROWTH FUND, INC. 