Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.20 per share, payable on June 7, 2021, to shareholders on record as of April 23, 2021. This aligns with the Fund's policy of distributing approximately 10% of its net asset value annually, in quarterly installments of 2.5%. Shareholders not opting for cash will receive new shares priced at the lower of the May 21, 2021 net asset value or market value. As of April 9, 2021, the Fund's net assets total over $1.7 billion.

Positive

• Distribution of $0.20 per share indicates a steady return to shareholders.
• The fund maintains a consistent distribution policy of approximately 10% of net asset value annually.
• As of April 9, 2021, the Fund's assets are over $1.7 billion, indicating solid financial backing.

Negative

• None.

BOSTON, April 12, 2021  /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.20 per share payable on June 7, 2021 to shareholders of record on April 23, 2021 (ex-dividend date of April 22, 2021).  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 2021 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 21, 2021 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 $1.7 billion in net assets as of April 9, 2021.

Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
ALPS Portfolio Solutions Distributor, Inc. – FINRA Member Firm

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 Liberty All-Star Equity Fund distribution date?

The distribution date is June 7, 2021.

How much is the distribution for USA stock?

The distribution is $0.20 per share.

What is the record date for the USA stock distribution?

The record date is April 23, 2021.

What percentage of net asset value does USA distribute annually?

The Fund distributes approximately 10% of its net asset value annually.

When will shares be issued for the USA distribution?

Shares will be issued at the lower of the May 21, 2021 net asset value or market value.