Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.18 per share, scheduled for payment on June 6, 2022. Shareholders must be on record by April 22, 2022, with an ex-dividend date of April 21, 2022. This distribution aligns with the Fund's policy of distributing approximately 10% of its net asset value annually, in four quarterly installments. Distributions will be issued in newly created shares, except for participants opting for cash. The shares will be valued at either the May 20, 2022 net asset value or market value, ensuring not less than 95% of market value.

Positive

• The distribution is consistent with the Fund's policy of returning approximately 10% of its net asset value annually.
• Shareholders have the option to receive distributions in cash or newly issued shares, enhancing flexibility.

Negative

• None.

BOSTON, April 11, 2022 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.18 per share payable on June 6, 2022 to shareholders of record on April 22, 2022 (ex-dividend date of April 21, 2022). This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5 percent.  A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital.  The final determination of the source of all distributions in 2022 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.

The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Equity Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash.  Shares will be issued at the lower of the May 20, 2022 net asset value per share or market value per share (but not less than 95% of market value).  The market value of the Fund's shares for this purpose will be the last sales price on the New York Stock Exchange.

The Fund does not continuously issue shares and trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker.  The share price of a closed-end fund is based on the market's value. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol USA. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $1.8 billion in net assets as of April 8, 2022.

Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.

For Information Contact:
Liberty All-Star^® Equity Fund
1-800-241-1850
www.all-starfunds.com

 

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SOURCE Liberty All-Star® Equity Fund

FAQ

What is the recent distribution declared by Liberty All-Star Equity Fund (USA)?

Liberty All-Star Equity Fund declared a distribution of $0.18 per share payable on June 6, 2022.

When is the ex-dividend date for Liberty All-Star Equity Fund (USA)?

The ex-dividend date for Liberty All-Star Equity Fund is April 21, 2022.

How often does Liberty All-Star Equity Fund (USA) distribute dividends?

Liberty All-Star Equity Fund distributes dividends quarterly, totaling approximately 10% of its net asset value annually.

What options do shareholders have for receiving distributions from Liberty All-Star Equity Fund (USA)?

Shareholders can receive distributions in cash or opt for newly issued shares.