Liberty All-Star® Equity Fund Declares Distribution

World News: . []

The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.13 per share payable on September 11, 2017 to shareholders of record on July 28, 2017 (ex-dividend date of July 26, 2017). 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 2017 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 25, 2017 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 $1.2 billion in net assets as of July 14, 2017. 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.
ALPS Portfolio Solutions Distributor, Inc. – FINRA Member Firm

More news and information about Liberty All-Star Equity Fund, Inc.

Published By:

Business Wire: 14:20 GMT Monday 17th July 2017

Published: .

Search for other references to "liberty" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2017. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers