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 September 7, 2021, to shareholders recorded by July 23, 2021. This distribution aligns with the Fund's annual policy of distributing approximately 10% of its net asset value in quarterly installments of 2.5%. Notably, part of the distribution may derive from sources other than net income. The shares issued will be based on the lower of the August 20, 2021 net asset value or market value. As of July 9, 2021, the Fund manages over $1.8 billion in assets.

Positive

• Distribution of $0.21 per share enhances shareholder returns.
• Fund pays approximately 10% of its net asset value annually in distributions.
• Shares will be issued at favorable market conditions, benefiting shareholders.

Negative

• A portion of the distribution may not qualify as net income, affecting tax implications for shareholders.
• Closed-end fund status may limit liquidity compared to open-end funds.

BOSTON, July 12, 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 September 7, 2021 to shareholders of record on July 23, 2021 (ex-dividend date of July 22, 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 072made 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 20, 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 $1.8 billion in net assets as of July 9, 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 Liberty All-Star Equity Fund's distribution announcement for 2021?

The Fund declared a distribution of $0.21 per share, payable on September 7, 2021.

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

The record date is July 23, 2021.

What is the annual distribution policy of the Liberty All-Star Equity Fund (USA)?

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

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

The distribution will be paid in newly issued shares or cash for non-participants in the Dividend Reinvestment Plan.

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

As of July 9, 2021, the Fund manages over $1.8 billion in net assets.