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 Advisers, Inc.
BOSTON, MA--(Marketwire - April 28, 2008) - The Board of Directors of Liberty All-Star
Growth Fund, Inc.
(NYSE : ASG ) has declared a distribution of $0.14 per share payable on June
23, 2008 to shareholders of record on May 9, 2008 (ex-dividend date of May
7, 2008). The distribution is in accordance with the Fund's current
distribution policy of paying distributions on its shares totaling
approximately 10 percent of its net asset value per year, payable in four
quarterly installments of 2.5 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
2008, 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 June 6, 2008 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.
ALPS Advisers, Inc. is the fund manager of the Liberty All-Star Growth
Fund, a multi-managed, closed-end investment company with more than $157
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.