Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.19 per share, set to be paid on March 8, 2021. Shareholders of record on January 22, 2021 will receive this distribution, with the ex-dividend date on January 21, 2021. The distribution aligns with the Fund's policy of approximately 10% of its net asset value, distributed quarterly. A portion may come from sources other than net income, impacting tax reporting. Shareholders not enrolled in the Dividend Reinvestment Plan can opt for cash payments instead of new shares.

Positive

• Distribution of $0.19 per share enhances shareholder returns.
• Aligns with the Fund's distribution policy of approximately 10% of net asset value per year.
• Investment advisor ALPS Advisors oversees over $1.6 billion in net assets.

Negative

• None.

BOSTON, Jan. 11, 2021 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.19 per share payable on March 8, 2021 to shareholders of record on January 22, 2021 (ex-dividend date of January 21, 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 February 19, 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 $1.6 billion in net assets as of January 8, 2021.

Past performance cannot predict future results.
An investment in the Fund involves risk, including loss of principal.
ALPS Portfolio Solutions Distributor, Inc. – FINRA Member Firm

Media Contact: Liberty All-Star Funds, 1-800-241-1850

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SOURCE Liberty All-Star Funds

FAQ

What is the distribution amount declared by Liberty All-Star Equity Fund on January 11, 2021?

Liberty All-Star Equity Fund declared a distribution of $0.19 per share on January 11, 2021.

When will the distribution from Liberty All-Star Equity Fund be paid to shareholders?

The distribution will be paid on March 8, 2021.

What is the ex-dividend date for the Liberty All-Star Equity Fund distribution?

The ex-dividend date for the distribution is January 21, 2021.

Who qualifies for the Liberty All-Star Equity Fund distribution?

Shareholders of record on January 22, 2021, qualify for the distribution.

What percentage of net asset value does Liberty All-Star Equity Fund aim to distribute annually?

Liberty All-Star Equity Fund aims to distribute approximately 10% of its net asset value annually.