Liberty All-Star® Equity Fund Declares Distribution

Rhea-AI Summary

The Liberty All-Star Equity Fund (NYSE: USA) has announced a $0.18 per share distribution payable on January 2, 2025, to shareholders of record on November 15, 2024. This aligns with the Fund's policy of distributing approximately 10% of net asset value annually in four quarterly installments of 2.5%. The distribution will be paid in newly issued shares, except for non-participants in the Dividend Reinvestment Plan who elect cash payments. The Fund, with over $2.0 billion in net assets as of November 1, 2024, is managed by ALPS Advisors, Inc. and trades on the NYSE under symbol USA.

Positive

• Fund maintains consistent 10% annual distribution policy
• Substantial asset base of $2.0 billion as of November 1, 2024
• Quarterly distribution of $0.18 per share declared

Negative

• Distribution may include return of capital, not just net income
• Share issuance for distribution could lead to dilution

Insights

Financial Analyst

This quarterly distribution announcement reveals Liberty All-Star Equity Fund maintaining its 10% annual distribution policy, with a $0.18 per share payout. The fund's substantial $2.0 billion in net assets and consistent distribution policy provide stability for income-focused investors. The distribution structure, allowing payment in either cash or newly issued shares at favorable pricing terms (minimum 95% of market value), offers flexibility while protecting shareholder value. The distribution's tax treatment complexity, potentially including return of capital, requires careful consideration for tax planning. This closed-end fund's trading mechanics and secondary market dynamics are particularly relevant for investors managing position entries and exits.

BOSTON, Nov. 4, 2024 /PRNewswire/ -- The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.18 per share payable on January 2, 2025 to shareholders of record on November 15, 2024. 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 2024 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 December 13, 2024 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 $2.0 billion in net assets as of November 1, 2024.

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

LAS001277

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SOURCE Liberty All-Star Equity Fund

FAQ

What is the latest distribution amount for Liberty All-Star Equity Fund (USA)?

Liberty All-Star Equity Fund (USA) declared a distribution of $0.18 per share, payable on January 2, 2025.

When is the record date for Liberty All-Star Fund's (USA) latest distribution?

The record date for the distribution is November 15, 2024.

What is Liberty All-Star Equity Fund's (USA) current distribution policy?

The Fund's policy is to pay distributions totaling approximately 10% of its net asset value per year, paid in four quarterly installments of 2.5%.

What are Liberty All-Star Equity Fund's (USA) total net assets as of November 2024?

The Fund has more than $2.0 billion in net assets as of November 1, 2024.