Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.16 per share, payable on September 6, 2022. Shareholders of record on July 22, 2022 will receive this distribution as part of the Fund's policy to pay approximately 10% of its net asset value annually in four quarterly installments of 2.5%. The distribution may be sourced from capital gains and returns of capital, not solely from net income. Additionally, shares will be issued to shareholders participating in the Dividend Reinvestment Plan at a determined value.

Positive

• Declared distribution of $0.16 per share, consistent with policy.
• Distribution represents approximately 10% of the Fund's net asset value.

Negative

• None.

BOSTON, July 11, 2022 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.16 per share payable on September 6, 2022 to shareholders of record on July 22, 2022 (ex-dividend date of July 21, 2022). 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 2022 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 19, 2022 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 July 8, 2022.

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 for Liberty All-Star Equity Fund (USA) announced on July 11, 2022?

The declared distribution amount is $0.16 per share.

When will Liberty All-Star Equity Fund (USA) distribute its declared dividend?

The distribution will be payable on September 6, 2022.

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

The record date for the distribution is July 22, 2022.

What percentage of its net asset value does Liberty All-Star Equity Fund (USA) distribute annually?

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

What will be the payment method for the Liberty All-Star Equity Fund (USA) distribution?

The distribution will be paid in newly issued shares or cash for those not in the Dividend Reinvestment Plan.