SCHEDULE: Karpus Management Boosts Stake in Liberty All Star Growth Fund

Karpus Management, Inc. has increased its beneficial ownership of Liberty All Star Growth Fund Inc. common stock to 6.67%, holding 4,220,488 shares.

Summary

• Karpus Management, Inc. (Karpus), a registered investment adviser, has filed an amendment to its Schedule 13G, reporting an increase in its beneficial ownership of Liberty All Star Growth Fund Inc. common stock.
• As of March 31, 2026, Karpus beneficially owns 4,220,488 shares, representing 6.67% of the class of securities.
• Karpus exercises sole voting power and sole dispositive power over these shares.
• The filing clarifies that Karpus manages these shares directly through various accounts and that despite being controlled by City of London Investment Group plc (CLIG), informational barriers ensure independent exercise of voting and investment power.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing, as an increase in stake by a professional investment manager suggests confidence in the company's value and future performance.

Positives

• Karpus Management has increased its stake, indicating confidence in the Liberty All Star Growth Fund.
• The fund's shares are managed by a registered investment adviser, suggesting professional oversight.
• Karpus exercises sole voting and dispositive power, allowing for decisive management of its investment.

Negatives

• The filing does not contain information that would be considered negative in isolation, as it primarily reports an increase in ownership.

Risks

• The filing does not explicitly mention any current issues or potential future challenges.
• While not detailed in this filing, general investment risks associated with equity markets and specific fund performance could apply.

Future Outlook

This filing is a report of beneficial ownership and does not contain specific forward-looking statements or guidance from the issuer regarding future performance.

Management Comments

• Karpus Management, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that an increase in beneficial ownership by an investment adviser, as reported in this Schedule 13G filing, often signals a positive sentiment towards the target company's prospects or valuation, especially when the ownership crosses a significant threshold like 5%.

Related Party Transactions

• Karpus Management, Inc. is controlled by City of London Investment Group plc (CLIG), but informational barriers are in place to ensure independent exercise of voting and investment power over the subject securities.

Stakeholder Impact

• Shareholders of Liberty All Star Growth Fund Inc. may view the increased stake by Karpus Management as a positive signal, potentially leading to increased investor confidence.
• Other institutional investors and market participants will note this change in significant ownership.

Next Steps

• Karpus Management will continue to manage its investment in Liberty All Star Growth Fund Inc. according to its investment strategy.
• The company will file amendments to this Schedule 13G as required by SEC regulations if further changes in beneficial ownership occur.

Key Dates

Recommendation

The filing indicates an increased stake by a professional investor, which is generally positive. However, without more context on the fund's performance or broader market conditions, a 'hold' recommendation is prudent, suggesting investors monitor the situation further.

Keywords

Schedule 13G, Karpus Management, Liberty All Star Growth Fund, Beneficial Ownership, Investment Adviser, SEC Filing, Common Stock, Portfolio Management