BOSTON, April 12, 2021 /PRNewswire/ -- The
Board of Trustees of Liberty All-Star Equity Fund (NYSE:
USA) has declared a distribution
of $0.20 per share payable on
June 7, 2021 to shareholders of
record on April 23, 2021 (ex-dividend
date of April 22, 2021). 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 2021 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 21, 2021 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 April 9, 2021.
Past performance cannot predict future results.
An
investment in the Fund involves risk, including loss of
principal.
ALPS Portfolio Solutions Distributor, Inc. –
FINRA Member Firm
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