Welcome to our dedicated page for Liberty All-Star Equity Fund news (Ticker: USA), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Equity Fund stock.
Liberty All-Star Equity Fund (NYSE: USA) is a closed-end fund and an open-end multi-managed fund committed to providing substantial current income and long-term capital appreciation. The fund achieves its objectives by investing primarily in a diversified portfolio of equity securities across various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, real estate, utilities, telecommunication, and other services.
The fund employs a unique investment strategy that combines the expertise of three value-style and two growth-style investment managers. Selected managers are known for their consistent investment philosophy, rigorous decision-making process, steady managerial team, and above-average long-term performance compared to peers with similar styles. This multi-manager approach ensures a balanced and diversified portfolio that mitigates risk while aiming for superior returns.
Recent Holdings Updates:
- January 2024: Added CVS Health Corp. and Quest Diagnostics, Inc.; liquidated SAP SE.
- February 2024: Added Lowe's Companies, Inc., Meta Platforms, Inc., TotalEnergies SE, and Waste Management, Inc.; liquidated Cardinal Health, Inc., General Electric Co., and Phillips 66.
- March 2024: Added Humana, Inc.; no liquidations.
- April 2024: Added American Water Works Co., Inc., Cadence Design Systems, Inc., Shopify, Inc., and Synopsys, Inc.; liquidated Crown Castle, Inc., Eaton Corp. PLC, and NIKE, Inc.
- May 2024: Added Aramark; liquidated Ball Corp., Equinix, Inc., Gildan Activewear, Inc., and Walt Disney Co.
The net asset value (NAV) of the fund is determined by the market value of its underlying investments minus liabilities, divided by the total number of shares outstanding. The fund's market price may trade at a premium or a discount relative to its NAV. Performance returns are total returns, including dividends, net of management fees, and other expenses. It is important to note that past performance is not indicative of future results, and performance may vary with market conditions.
Distributions to shareholders may include ordinary dividends, long-term capital gains, and return of capital. The final determination of the source of distributions for tax purposes will be made after the fiscal year-end. A portion of distributions may consist of a return of capital, which will be confirmed in shareholder 1099-DIV forms after year-end.
Liberty All-Star Equity Fund continuously updates its portfolio to reflect market opportunities and strategic adjustments. Investors considering the fund should be prepared for significant value fluctuations and the associated investment risks.
For more information, you can contact Liberty All-Star Equity Fund at 1-800-241-1850 or visit their website at www.all-starfunds.com.
The Liberty All-Star Equity Fund (NYSE: USA) reported its April 2021 monthly update, showcasing a strong performance with a NAV increase of 3.7% for the month and 12.98% year-to-date. The fund holds a total of $1,736.5 million in net assets, with equities amounting to $1,747.4 million. Key holdings include Amazon, PayPal, and Alphabet, among others. The fund's strategy integrates diverse investment styles for optimal long-term results. Notably, new holdings include RingCentral, while Viatris has been liquidated. As of April 30, 2021, the fund's performance reflects active market adjustments.
The Liberty All-Star Equity Fund (NYSE: USA) provided its March 2021 update, reporting a total net asset value of $1,687.1 million, with $1,653.4 million in equities, representing 98% of total assets. The fund achieved a monthly performance of 3.50% and a year-to-date performance of 7.00%. Key holdings include Amazon.com (2.4%) and PayPal Holdings (2.2%). New positions include Dover Corp. and Skechers U.S.A., while Honeywell International was liquidated. The fund's investment strategy involves a blend of growth and value management styles.
The Liberty All-Star Equity Fund (NYSE: USA) has announced a distribution of $0.20 per share, payable on June 7, 2021, to shareholders on record as of April 23, 2021. This aligns with the Fund's policy of distributing approximately 10% of its net asset value annually, in quarterly installments of 2.5%. Shareholders not opting for cash will receive new shares priced at the lower of the May 21, 2021 net asset value or market value. As of April 9, 2021, the Fund's net assets total over $1.7 billion.
Americas Gold and Silver Corporation (TSX: USA, NYSE American: USAS) announced its financial results for 2020, reporting revenues of $27.9 million and a net loss of $30.1 million (loss of $0.24 per share). The illegal blockade at the Cosalá Operations and the implementation of a Recapitalization Plan hindered operations. Despite challenges, the Galena Complex saw a production increase of over 70% in Q4-2020, producing 294,000 ounces of silver. The Company remains optimistic about the resolution of the blockade and plans to ramp up production at the Relief Canyon mine by Q2-2021.
The Liberty All-Star Equity Fund (USA) released its February 2021 update, reporting a net asset value (NAV) of $1,613.6 million and an equity portfolio valued at $1,616.9 million, with 100.2% of assets invested. The fund's performance for February was 5.39%, with a year-to-date return of 3.38%. The top holdings include Amazon, PayPal, and Alphabet, comprising 31.3% of the portfolio. New holdings include Crown Castle, while BioMarin and Pioneer Natural Resources were liquidated. The fund's strategy integrates multiple investment styles for enhanced returns.
The Liberty All-Star Equity Fund (USA) released its January 2021 Monthly Update, revealing a net asset value (NAV) of $7.05, down from $7.37 at the beginning of the month. The fund's market price decreased to $6.81, marking a 3.4% discount. The fund's strategies involve both value and growth investments managed by five distinct firms. January's performance recorded a total return of -1.67%, with 99.4% of assets invested in equities. Major holdings included Amazon (2.5%), PayPal (2.4%), and Adobe (2.0%), highlighting a focus on technology and financial sectors.
Americas Gold and Silver Corporation has successfully closed an upsized bought deal financing, generating aggregate gross proceeds of C$33,937,854 through the sale of 10,253,128 common shares at C$3.31 each. The proceeds will fund working capital for the Relief Canyon mine, development at the 60%-owned Galena Complex, care for the Cosalá Operations, and debt repayment. The offering adheres to a short form prospectus filed in Canada, excluding Quebec, and is not registered under U.S. securities laws, limiting its sale in the U.S.
The Liberty All-Star Equity Fund (NYSE: USA) has released its December 2020 Monthly Update. The fund, employing a large-cap core strategy, works with a blend of five experienced investment managers. As of December 31, 2020, the net assets totaled $1,599.1 million with 97.8% invested in equities. The fund's monthly performance recorded a 3.66% increase in NAV, leading to a year-to-date performance of 18.03%. The top holdings include Amazon, PayPal, and Adobe. New investments included Amdocs and Walt Disney, while Becton Dickinson was liquidated.
Americas Gold and Silver Corporation has announced that its Relief Canyon mine in Nevada has declared commercial production effective January 11, 2020. The first gold was poured in February 2020, and following the return of the radial stacker in December, the mine has met necessary stacking rates. Full production ramp-up is targeted for mid-May 2021. The company’s President & CEO, Darren Blasutti, expressed satisfaction with overcoming challenges faced during commissioning, including the impacts of the COVID-19 pandemic.
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.
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