Contact Information: For Information Contact: Liberty All-Star Growth Fund, Inc. 617-426-1745 www.all-starfunds.com
Liberty All-Star(R) Growth Fund, Inc. Declares Distribution
| Source: ALPS Advisers, Inc.
BOSTON, MA -- (MARKET WIRE) -- April 30, 2007 -- The Board of Directors of Liberty All-Star
Growth Fund, Inc. (NYSE : ASG ) has declared a distribution of $0.15 per
share payable on June 25, 2007 to shareholders of record on May 11, 2007
(ex-dividend date of May 9, 2007). 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 2007, 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 8, 2007 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.
Liberty All-Star Growth Fund is a multi-managed, closed-end investment
company with more than $160 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 closed-end funds
do not continuously issue shares for sale as open-end mutual funds do. 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.