Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (USA) has declared a distribution of $0.15 per share, payable on March 6, 2023. Shareholders of record by January 20, 2023 will receive this payment, which aligns with the fund's policy of distributing approximately 10% of its net asset value annually. The distribution may consist of various sources beyond net income. Newly issued shares will be provided to shareholders enrolled in the Dividend Reinvestment Plan, while others may opt for cash.ALPS Advisors, Inc. manages the fund, which has over $1.6 billion in net assets.

Positive

• Declared a distribution of $0.15 per share, reflecting a commitment to shareholder returns.
• Distribution aligns with the fund's policy of paying approximately 10% of net asset value annually.
• Fund managed by ALPS Advisors, Inc., with strong oversight.

Negative

• A portion of the distribution may not be classified as income, impacting tax reporting for shareholders.

BOSTON, Jan. 9, 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 March 6, 2023 to shareholders of record on January 20, 2023 (ex-dividend date of January 19, 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 February 17, 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 January 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 amount declared by Liberty All-Star Equity Fund (USA)?

The distribution amount declared is $0.15 per share.

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

The distribution will be paid on March 6, 2023.

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

The record date is January 20, 2023.

How is the distribution from Liberty All-Star Equity Fund (USA) calculated?

The distribution is approximately 10% of its net asset value per year, paid in quarterly installments.

Who manages Liberty All-Star Equity Fund (USA)?

The fund is managed by ALPS Advisors, Inc.