Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.15 per share, payable on January 3, 2023, for shareholders of record as of November 18, 2022. This distribution aligns with the Fund's policy of approximately 10 percent of its net asset value annually, distributed quarterly. Shareholders can opt for cash or reinvest in new shares at the lower of the December 16, 2022 net asset value or market price. The Fund manages over $1.5 billion in net assets as of November 4, 2022.

Positive

• Distribution of $0.15 per share providing additional income to shareholders.
• Consistent with distribution policy of approximately 10% of net asset value per year.
• Fund manages over $1.5 billion in net assets, indicating robust asset base.

Negative

• A portion of the distribution may be treated as a return of capital, which could dilute future earnings.
• Investors not participating in the Dividend Reinvestment Plan will not receive their distributions in newly issued shares.

BOSTON, Nov. 7, 2022 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.15 per share payable on January 3, 2023 to shareholders of record on November 18, 2022 (ex-dividend date of November 17, 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 December 16, 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 $1.5 billion in net assets as of November 4, 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) in 2022?

The distribution amount for Liberty All-Star Equity Fund (USA) is $0.15 per share.

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

The dividends will be distributed on January 3, 2023.

Who is eligible for the Liberty All-Star Equity Fund (USA) distribution?

Shareholders of record as of November 18, 2022, are eligible for the distribution.

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

The ex-dividend date is November 17, 2022.

How does Liberty All-Star Equity Fund (USA) determine the shares issued for distribution?

Shares will be issued at the lower of the December 16, 2022 net asset value per share or market value.