Liberty All Star Growth Fund Inc. Adjusts Expiration Time for Tender Offer
July 19, 2012 at 01:31 am IST
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Liberty All Star Growth Fund Inc. announced that its tender offer will expire at midnight, New York time, on July 24, 2012 rather than at 5:00 p.m., New York time, on July 24, 2012. All other terms and conditions of the tender offer remain unchanged. The company will purchase up to 25% of its outstanding shares of common stock at a price equal to 95% of its net asset value per share determined on the date the tender offer expires.
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.