Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.21 per share, payable on January 3, 2022, to shareholders recorded by November 19, 2021. This payment aligns with its distribution policy of approximately 10% of net asset value annually, issued quarterly. Shareholders can receive shares at the lower of the December 17, 2021 net asset value or market value. The Fund manages over $1.9 billion in net assets as of November 5, 2021.

Positive

• Declared a distribution of $0.21 per share, enhancing shareholder value.
• Maintains a distribution policy of approximately 10% of net asset value annually.

Negative

• None.

BOSTON, Nov. 8, 2021 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.21 per share payable on January 3, 2022 to shareholders of record on November 19, 2021 (ex-dividend date of November 18, 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 December 17, 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 $1.9 billion in net assets as of November 5, 2021.

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 $0.21 per share.

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

The distribution will be paid on January 3, 2022.

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

The record date is November 19, 2021.

How does Liberty All-Star Equity Fund (USA) distribute its payments?

The fund distributes its payments quarterly, totaling approximately 10% of its net asset value.

What is the net asset value of Liberty All-Star Equity Fund (USA)?

As of November 5, 2021, the fund manages over $1.9 billion in net assets.