Contact Information: For Information Contact: Liberty All-Star Equity Fund 617-434-5949 www.all-starfunds.com
Liberty All-Star(R) Equity Fund Declares Distribution
| Source: ALPS Advisers, Inc.
BOSTON, MA -- (MARKET WIRE) -- February 20, 2007 -- The Board of Trustees of Liberty All-Star Equity
Fund (NYSE : USA ) has declared a distribution of $0.23 per share payable on
March 19, 2007 to shareholders of record on March 2, 2007 (ex-dividend date
of February 28, 2007).
The distribution will be paid in cash. Shareholders participating in
Liberty All-Star Equity Fund's Dividend Reinvestment Plan and Cash 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).
Liberty All-Star Equity Fund is a multi-managed, closed-end investment
company with more than $1.4 billion in net assets. The Fund's shares are
listed on the New York Stock Exchange under the symbol USA.