A mutual fund is a big pool of money that many people put together to buy stocks and other things. The Liberty All-Star Growth Fund, Inc. is one such mutual fund. In this article, they talk about how the fund did in January 2024 and some important information for people who own or want to buy shares of this fund. They say that sometimes the value of the shares goes up or down compared to the price of the things the fund bought. This can affect how much money people make or lose if they sell their shares. The article also talks about how the fund gives some of the money it makes back to the people who own shares, and how this might change depending on what happens with the fund's investments during the year. They say that sometimes this money comes from the profits the fund makes, sometimes from selling things for more than they paid for them, and sometimes from giving back some of the money people put in at the beginning. The article also reminds people that owning shares can be risky because the value of the shares can go down a lot if the things the fund bought don't do well. Read from source...

1. The title of the article is misleading and does not reflect the actual content. It implies that the Liberty All-Star® Growth Fund, Inc. is a successful and profitable investment, while the article mostly discusses the performance returns, risks, and tax implications of the fund. A more accurate title would be "Liberty All-Star® Growth Fund, Inc. January 2024 Monthly Update: Performance, Risks, and Taxes".

- The Fund is trading at a premium above the NAV, which means that investors are paying more for each share than what the underlying assets are worth. This can result in lower returns if the market price decreases or does not grow as fast as the NAV. On the other hand, it also means that there is a chance of capital appreciation if the market price increases faster than the NAF.
- The performance returns for the Fund include dividends and are net of management fees and other expenses. This means that investors can expect to receive some income from the Fund, but they will also have to pay for the costs of running the Fund. Past performance does not guarantee future results, so investors should be prepared for fluctuations in the value of their investment.
- The sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. This means that some or all of the money that investors receive from the Fund may not come from the profits of the underlying companies, but rather from the sale of their own shares or other assets. This can affect the tax implications of receiving distributions, as well as the cash flow of the Fund.
- The actual amounts and sources of the amounts for tax reporting purposes will depend on the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. This means that what investors see in their statements may not match what they report to the IRS, and they should consult with their tax advisers to ensure compliance with the applicable rules and regulations.
- The Fund involves risk, including loss of principal. This means that there is a possibility that investors could lose some or all of their money if the market price drops significantly or the underlying companies perform poorly. Investors should be aware of this risk and only invest what they can afford to lose.