SOURCE: ALPS Advisors, Inc.

ALPS Advisors, Inc.

January 13, 2010 14:04 ET

Liberty All-Star® Growth Fund, Inc. Releases Tax Information

BOSTON, MA--(Marketwire - January 13, 2010) - Liberty All-Star Growth Fund, Inc. (NYSE: ASG) announces the final tax status for its 2009 distributions as follows:

                        Total Ordinary Dividends
                                                      Long-Term
 Record    Payable    Amount                 Non-      Capital   Return of
  Date      Date     per Share  Qualified  Qualified    Gains     Capital
--------   --------  ---------  ---------  --------- ----------- ---------
12/12/08*  01/02/09      $0.08         --         --          --    100.00%
01/30/09   03/16/09      $0.08         --         --          --    100.00%
05/08/09   06/22/09      $0.05         --         --          --    100.00%
08/28/09   09/14/09      $0.05         --         --          --    100.00%
12/18/09** 01/04/10      $0.06         --         --          --        --

* Pursuant to Section 852 of the Internal Revenue Code, the taxability of this distribution will be reported in the Form 1099-DIV for 2009.

** Pursuant to Section 852 of the Internal Revenue Code, the taxability of this distribution will be reported in the Form 1099-DIV for 2010.

The tax designations of the distributions were previously reported to shareholders on a tentative book basis. The final tax designations are based upon tax reporting requirements and should be used by shareholders for tax return preparation.

ALPS Advisors, Inc. is the fund manager of the All-Star Growth Fund, a multi-managed, closed-end investment company with more than $122 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.

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