Liberty All-Star Growth Fund, Inc.

Business Wire 1-Nov-2018 1:47 PM

Announces Results of Rights Offering

The Liberty All-Star^® Growth Fund, Inc. (NYSE:ASG) today announced it will issue 9,205,421 new common shares as a result of the Fund's recent rights offering which expired on October 31, 2018 (the "Expiration Date"). The Subscription Price per share is $4.81, which represents 95 percent of the average of the closing New York Stock Exchange ("NYSE") market price per share of common stock on the Expiration Date and the four preceding trading days.

The new shares represent the entire amount of the primary subscription. Since there were not sufficient shares in the primary subscription to honor all over-subscription requests, available shares will be allocated among those who over-subscribed based on the number of shares held on September 17, 2018 (the "Record Date"). The Fund will not issue shares in excess of the primary subscription.

The Fund does not continuously issue shares and 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. The Fund's shares are listed on the NYSE under the ticker symbol ASG. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $156 million in net assets as of October 31, 2018.

Past performance cannot predict future results.

An investment in the Fund involves risk, including loss of principal.

Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.

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