Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) announced a distribution of $0.15 per share, payable on June 5, 2023. Shareholders of record as of April 21, 2023 will receive this distribution, with an ex-dividend date of April 20, 2023. This distribution aligns with the Fund's strategy of delivering about 10% of its net asset value annually, disbursed in four quarterly payments. A portion may originate from sources other than net income, including capital gains and return of capital. Shareholders who participate in the Dividend Reinvestment Plan will receive shares at the lower of the May 19, 2023 net asset value or market value (minimum 95% of market value).

The Fund reported net assets exceeding $1.6 billion as of April 6, 2023. Investors must execute buy or sell orders through an intermediary or broker, as the Fund does not issue shares continuously.

Positive

• Declared a distribution of $0.15 per share, providing income to shareholders.
• Distribution aligns with the Fund's policy of maintaining approximately 10% annual returns based on net asset value.
• The Fund has over $1.6 billion in net assets, reflecting financial stability.

Negative

• None.

BOSTON, April 10, 2023 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.15 per share payable on June 5, 2023 to shareholders of record on April 21, 2023 (ex-dividend date of April 20, 2023). 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 2023 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 19, 2023 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 $1.6 billion in net assets as of April 6, 2023.

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 distribution declared by Liberty All-Star Equity Fund (USA) for June 2023?

Liberty All-Star Equity Fund has declared a distribution of $0.15 per share, payable on June 5, 2023.

When is the ex-dividend date for Liberty All-Star Equity Fund's June 2023 distribution?

The ex-dividend date for the distribution is April 20, 2023.

How much does Liberty All-Star Equity Fund (USA) distribute annually?

The Fund aims to distribute approximately 10% of its net asset value per year.

What options do shareholders have for the distribution from Liberty All-Star Equity Fund?

Shareholders can either receive cash or newly issued shares unless they are participating in the Dividend Reinvestment Plan.

What is the net asset value of Liberty All-Star Equity Fund as of April 6, 2023?

The Fund reported net assets exceeding $1.6 billion as of April 6, 2023.