Liberty All-Star Growth Fund, Inc. Appoints Westfield Capital Management Company as Investment Manager

The Board of Directors of Liberty All-Star Growth Fund, Inc. has made a significant announcement regarding the appointment of a new investment manager. Westfield Capital Management Company, L.P. has been appointed as one of the Fund’s investment managers, pending stockholder approval at the upcoming annual meeting on August 28, 2024.

If approved, Westfield will take over the management of the Fund’s assets currently handled by Sustainable Growth Advisers. Weatherbie Capital and Congress Asset Management Company will continue to manage the small-cap and mid-cap growth portions of the portfolio, respectively.

Led by Will Muggia, the investment team at Westfield practices a growth at a reasonable price investment approach, which will be utilized to manage the large-cap growth portion of the Fund’s portfolio.

Investors interested in buying or selling shares of the Fund will need to do so through an intermediary or broker, as the Fund does not continuously issue shares and trades in the secondary market. The Fund’s shares are listed on the New York Stock Exchange under the ticker symbol ASG.

With over $347 million in net assets as of June 6, 2024, the Fund is a multi-managed, closed-end investment company. Past performance cannot guarantee future results, and investing in the Fund carries risks, including the potential loss of principal.

For more information, interested parties can contact Liberty All-Star Growth Fund, Inc. at 1-800-241-1850 or visit www.all-starfunds.com.

This announcement marks a significant development for the Fund and its investors, as they prepare for potential changes in the management of their assets. Stay tuned for updates as the annual meeting approaches and the future of the Fund’s portfolio management is decided.