Sareena Khwaja-Dixon
About Sareena Khwaja-Dixon
Sareena Khwaja-Dixon is Secretary of Liberty All-Star Growth Fund, Inc. (ASG) and Liberty All-Star Equity Fund, serving as a principal officer elected annually by the Boards; she has served as Secretary since 2016 (year of birth 1980) . Professionally, she is Managing Counsel of ALPS Fund Services, Inc. (since 2024), previously Principal Legal Counsel and Vice President (2020–2024) and Senior Counsel and Vice President (2015–2020); she is deemed an affiliate of the Funds under the 1940 Act . Fund-level TSR or financial performance metrics are not attributed to individual officers in the proxy statements and are not disclosed for her role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| ALPS Fund Services, Inc. | Managing Counsel | 2024–present | Not disclosed in proxy |
| ALPS Fund Services, Inc. | Principal Legal Counsel and Vice President | 2020–2024 | Not disclosed in proxy |
| ALPS Fund Services, Inc. | Senior Counsel and Vice President | 2015–2020 | Not disclosed in proxy |
| Liberty All-Star Growth Fund, Inc. and Liberty All-Star Equity Fund | Secretary (Fund officer, elected annually) | 2016–present | Fund officer role; governance/records; deemed affiliate under 1940 Act |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| RiverNorth Opportunities Fund, Inc.; RiverNorth Flexible Municipal Income Fund II, Inc.; RiverNorth Managed Duration Municipal Income Fund II, Inc.; RiverNorth Capital and Income Fund, Inc.; RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.; RiverNorth Flexible Municipal Income Fund, Inc.; RiverNorth Managed Duration Municipal Income Fund, Inc.; RiverNorth Funds; RiverNorth Opportunistic Municipal Income Fund, Inc. | Assistant Secretary | Not disclosed | Listed as officer roles in ASG proxy |
Fixed Compensation
- ASG’s proxy discloses compensation only for Independent Trustees/Directors (board fees); it does not provide officer compensation details. It also notes “Neither Fund has a bonus, profit sharing or retirement plan” (context applies to Trustees/Directors) .
- No base salary, target bonus, or perquisite disclosure for the Secretary/officers is provided in the DEF 14A .
Performance Compensation
- No disclosure of annual incentive plan metrics, equity awards (RSUs/PSUs/options), or vesting schedules for officers in the DEF 14A .
Equity Ownership & Alignment
- Individual share ownership for Ms. Khwaja-Dixon is not presented in the officer/Trustee ownership tables; the proxy states each Trustee/Director and Executive Officer, and all as a group, owned less than 1% of outstanding shares as of the stated dates .
- The proxy includes a Section 16(a) compliance statement indicating that all required ownership filings by officers/Trustees/Directors and other insiders were in compliance as of fiscal year end (Dec 31, 2024) .
- No disclosures regarding pledged or hedged shares, officer stock ownership guidelines, or compliance status appear in the proxy .
Employment Terms
- Officers are elected annually by the Boards and serve at the pleasure of the Boards until a successor is elected or upon removal, resignation, or death .
- No employment agreement terms, severance, change-of-control provisions, non-compete/non-solicit, clawbacks, or tax gross-ups are disclosed for officers in the DEF 14A .
Investment Implications
- Pay-for-performance visibility: Lack of officer compensation and incentive metric disclosure limits assessment of alignment to fund performance or trading pressure from vesting; compensation detail is provided only for independent Trustees/Directors (board fees) .
- Insider selling pressure: No officer equity award or vesting data is disclosed; Section 16(a) compliance is affirmed, but absence of individual ownership detail for the Secretary reduces signal fidelity on potential selling pressure .
- Retention risk: She has held the Secretary role since 2016 and maintains a senior legal role at ALPS, suggesting continuity; however, no employment terms, severance, or non-compete data are disclosed to quantify retention economics .
- Governance role: As Secretary and Managing Counsel at the Funds’ administrator affiliate, responsibilities are centered on governance and compliance; no say‑on‑pay or officer compensation votes are presented in the recent proxies (agendas were board elections and a portfolio management agreement for 2024), limiting shareholder signaling via pay votes .