Liberty All-Star(R) Equity Fund Declares Distribution
May 16, 2011 07:00:01 (ET)
BOSTON, May 16, 2011 (BUSINESS WIRE) -- The Board of Trustees of Liberty All-Star(R) Equity Fund (USA, Trade ) has declared a distribution of $0.09 per share payable on June 13, 2011, to shareholders of record on May 27, 2011 (ex-dividend date of May 25, 2011). The distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 6 percent of its net asset value per year, payable in four quarterly installments of 1.5 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 2011 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end.
The distribution will be paid in cash. Shareholders participating in Liberty All-Star(R) Equity Fund's Automatic Dividend Reinvestment and Direct Purchase Plan will receive shares purchased for them on the open market by the Plan Agent (if the shares are trading at a discount from their net asset value) or issued to them by the Fund (if the shares are trading at or above their net asset value).
ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star(R) Equity Fund, a multi-managed, closed-end investment company with more than $1.0 billion in net assets. The Fund's shares are listed on the New York Stock Exchange under the symbol USA.
The Liberty All-Star(R) 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. Forward-looking statements are based on information that is available on the date hereof, and neither the investment advisor nor any other person affiliated with the investment advisor has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.
SOURCE: Liberty All-Star Equity Fund
Liberty All-Star Equity Fund
Bill Parmentier, 1-800-241-1850
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