BOSTON, July 10,
2023 /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 5,
2023 to shareholders of record on July 21, 2023 (ex-dividend date of July 20, 2023). 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 2023 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 18, 2023 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 $1.7
billion in net assets as of July 7,
2023.
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