-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GnC2IIdtm2QyZzEBhORrCcmiMhs4iTK74Lf4lQBWLg/1/XhwGvV4TWt0knoDRD5c D+vmK3+iDA0tHs0asKvT8Q== 0001462180-10-000036.txt : 20100621 0001462180-10-000036.hdr.sgml : 20100621 20100621141616 ACCESSION NUMBER: 0001462180-10-000036 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100621 DATE AS OF CHANGE: 20100621 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT LLC GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTY ALL STAR GROWTH FUND INC. CENTRAL INDEX KEY: 0000786035 IRS NUMBER: 521452208 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84682 FILM NUMBER: 10907772 BUSINESS ADDRESS: STREET 1: C/O ALPS FUND SERVICES, INC. STREET 2: P.O. BOX 328 CITY: DENVER STATE: CO ZIP: 80201-0328 BUSINESS PHONE: 303.623.2577 MAIL ADDRESS: STREET 1: C/O ALPS FUND SERVICES, INC. STREET 2: P.O. BOX 328 CITY: DENVER STATE: CO ZIP: 80201-0328 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY ALL STAR GROWTH FUND INC /MD/ DATE OF NAME CHANGE: 19960612 FORMER COMPANY: FORMER CONFORMED NAME: ALLMON CHARLES TRUST INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GROWTH STOCK OUTLOOK TRUST INC DATE OF NAME CHANGE: 19910807 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors CENTRAL INDEX KEY: 0001462180 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 SC 13D/A 1 thirda.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 6/18/2010 1. NAME OF REPORTING PERSON Bulldog Investors, Brooklyn Capital Management LLC., Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 3,687,549 8. SHARED VOTING POWER 139,200 9. SOLE DISPOSITIVE POWER 3,826,749 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 3,826,749 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 12.72% 14. TYPE OF REPORTING PERSON IA _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes Amendment #4 to the schedule 13d filed February 19, 2010. Except as specifically set forth herein, the Schedule 13d remains unmodified. Item 4. PURPOSE OF TRANSACTION See letter sent to the Board of Directors 6/18/10 under exhibit 1. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the Form N-Q filed on November 23,2009 there were 30,080,350 shares of common stock outstanding as of 09/30/09 The percentage set forth in item 5 was derived using such number. Bulldog Investors, Brooklyn Capital Management LLC., Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 3,826,749 shares of ASG or 12.72% of the outstanding shares.Power to dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with clients. c) Since the last filing on 05/13/10 no shares of ASG were bought or sold. d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 06/21/2010 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos Exhibit 1: Bulldog Investors General Partnership Park 80 West, 250 Pehle Avenue, Suite 708 Saddle Brook, NJ 07663 (914) 747-5262 // pgoldstein@bulldoginvestors.com June 18, 2010 The Board of Directors Liberty All-Star Growth Fund, Inc. c/o Stephanie Barres, Secretary 1290 Broadway, Suite 1100 Denver, CO 80203 Dear Ms. Barres: Please direct this letter to the board of trustees of Liberty All-Star Growth Fund, Inc. (the "Fund"). On November 12, 2009, Andrew J. Donohue, Director, Division of Investment Management of the Securities and Exchange Commission spoke at the Independent Directors Council Investment Company Directors Conference about various entrenchment mechanisms used by closed-end funds. Here is what he said about "control share" statutes: [T]he use of a state law control share statute to restrict the ability of a shareholder to vote "control shares" in a closed-end fund is likely inconsistent with Section 18(i) of the Act. Under Section 18(i), subject to certain exceptions, every share of stock issued by a fund shall be a voting stock and have equal voting rights with every other outstanding voting stock. In my view, a provision which denies a shareholder deemed to possess "control shares" the right to vote those shares constitutes a denial of equal voting rights and may violate the fundamental requirement that every share of fund stock be voting stock. (Footnote omitted.) We urge each of the Fund's trustees to read Mr. Donohue's speech which is available at http://www.sec.gov/news/speech/2009/spch111209ajd.htm. Moreover, according to a May 12, 2010 memorandum (at http://www.venable.com/files/ Publication/91eee1ed-761a-4524-9f34-c5a878dd1d94/Presentation/ PublicationAttachment/6569809c-2c82-4021-835d-cab429e637e4/ Clients_and_Friends_Memo--Protecting_Closed-End_Funds_5-11.pdf), co-authored by Jim Hanks of Venable LLP, who represents many closed- end funds, the Division of Investment Management at the SEC has asserted takes the position in comment letters and elsewhere that the Maryland Control Share Statute is inconsistent with Section 18(i). Please advise us no later than July 2, 2010 whether the board intends to enforce the use of Maryland's control share statute to preclude the holders so-called "control shares" from voting their shares for the election of trustees of the Fund. If we do not hear from you by that date, we will assume the answer is "Yes" and consider whether further action is warranted to preserve the franchise rights of all of the Fund's stockholders. Thank you. Very truly yours, Phillip Goldstein Principal -----END PRIVACY-ENHANCED MESSAGE-----