BOSTON, April 10,
2023 /PRNewswire/ -- The Board of Trustees of
Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of
$0.15 per share payable on
June 5, 2023 to shareholders of
record on April 21, 2023 (ex-dividend
date of April 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 May 19, 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 $1.6
billion in net assets as of April 6,
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