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 $0.16 per share, payable on January 4, 2021. This is part of the Fund's policy to distribute approximately 10% of its net asset value annually in four quarterly installments. Shareholders of record as of November 13, 2020 will receive this distribution. A portion may come from sources other than net income. Shares will be issued at the lower of the December 11, 2020 net asset value or market value.

Positive

• Distribution of $0.16 per share indicates a commitment to return value to shareholders.
• Consistent with a distribution policy of approximately 10% of net asset value annually, enhancing investor confidence.

Negative

• None.

BOSTON, Nov. 2, 2020 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.16 per share payable on January 4, 2021 to shareholders of record on November 13, 2020 (ex-dividend date of November 12, 2020).  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 2020 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 December 11, 2020 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 $1.3 billion in net assets as of October 30, 2020.

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 distribution amount declared by Liberty All-Star Equity Fund (USA)?

Liberty All-Star Equity Fund declared a distribution of $0.16 per share.

When will the distribution be paid to shareholders of Liberty All-Star Equity Fund (USA)?

The distribution will be paid on January 4, 2021.

What is the record date for the distribution of Liberty All-Star Equity Fund (USA)?

The record date for the distribution is November 13, 2020.

What is the policy for distributions at Liberty All-Star Equity Fund (USA)?

The Fund has a policy of distributing approximately 10% of its net asset value annually.

How will the distribution be paid to shareholders of Liberty All-Star Equity Fund (USA)?

The distribution will be paid in newly issued shares or cash to shareholders not participating in the Dividend Reinvestment Plan.