Liberty All-Star® Equity Fund Declares Distribution
July 18 2016 - 10:01AM
Business Wire
The Board of Trustees of Liberty All-Star Equity Fund (NYSE:
USA) has declared a distribution of $0.12 per share payable on
September 12, 2016 to shareholders of record on July 29, 2016
(ex-dividend date of July 27, 2016). This distribution is in
accordance with the Fund’s current distribution policy of paying
distributions on its shares totaling approximately 8 percent of its
net asset value per year, payable in four quarterly installments of
2 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 2016 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 26, 2016 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.
ALPS Advisors, Inc. is the investment advisor of the Liberty
All-Star Equity Fund, a multi-managed, closed-end investment
company with more than $1.1 billion in net assets. The Fund’s
shares are listed on the New York Stock Exchange under the symbol
USA.
The Liberty All-Star Equity Fund is a closed-end fund and does
not continuously offer shares. The Fund 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.
Past performance cannot predict future results.An investment in
the Fund involves risk, including loss of principal.
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version on businesswire.com: http://www.businesswire.com/news/home/20160718005811/en/
Liberty All-Star Equity FundBill Parmentier,
1-800-241-1850www.all-starfunds.com
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