Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) announced a $0.18 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024. This aligns with the Fund's policy of 10% annual net asset value distributions, split into four 2.5% quarterly payments. A portion of this distribution might stem from various sources, including capital gains and return of capital. The precise distribution sources will be determined after year-end for tax purposes.

The distribution will be in newly issued shares, unless shareholders opt to receive cash. The issuance price will be based on the lower of the August 16, 2024, net asset value or market value, but not below 95% of the market value. As of July 5, 2024, the Fund managed over $1.9 billion in net assets. It trades under the ticker symbol 'USA' on the NYSE, and ALPS Advisors, Inc. manages the Fund.

Please note that investing in the Fund carries risks, including potential loss of principal.

Positive

• Liberty All-Star Equity Fund declared a $0.18 per share distribution.
• Distribution aligns with the Fund's 10% annual net asset value policy.
• Fund managed over $1.9 billion in net assets as of July 5, 2024.

Negative

• Distribution sources may include return of capital, which could indicate distribution isn't wholly from net income.

BOSTON, July 8, 2024 /PRNewswire/ --The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.18 per share payable on September 3, 2024 to shareholders of record on July 19, 2024. 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 2024 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 August 16, 2024 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 July 5, 2024.

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.

Liberty All-Star^® Equity Fund
1-800-241-1850
www.all-starfunds.com

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SOURCE Liberty All-Star Equity Fund

FAQ

When will Liberty All-Star Equity Fund's distribution be paid?

The distribution of $0.18 per share will be paid on September 3, 2024.

What is the record date for Liberty All-Star Equity Fund's distribution?

The record date for the distribution is July 19, 2024.

What is Liberty All-Star Equity Fund's ticker symbol?

Liberty All-Star Equity Fund trades under the ticker symbol 'USA' on the NYSE.

How is the distribution amount for Liberty All-Star Equity Fund determined?

The distribution aligns with the Fund's policy of paying 10% of its net asset value annually, in four 2.5% quarterly installments.

What sources might Liberty All-Star Equity Fund's distribution include?

The sources of distribution may include net income, short-term capital gain, long-term capital gain, and return of capital.

How will Liberty All-Star Equity Fund's shares be issued for the distribution?

Shares will be issued at the lower of the August 16, 2024 net asset value or market value per share, but not less than 95% of market value.

Who manages Liberty All-Star Equity Fund?

ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Equity Fund.

What assets does Liberty All-Star Equity Fund manage?

As of July 5, 2024, Liberty All-Star Equity Fund managed over $1.9 billion in net assets.

Does Liberty All-Star Equity Fund continuously issue shares?

No, the Fund does not continuously issue shares and trades in the secondary market.