Contact Information: For Information Contact: Liberty All-Star Equity Fund 1-800-241-1850 www.all-starfunds.com
Liberty All-Star(R) Equity Fund Declares Distribution
| Source: ALPS Advisers, Inc.
BOSTON, MA--(Marketwire - May 19, 2008) - The Board of Trustees of Liberty All-Star Equity
Fund (NYSE : USA ) has declared a distribution of $0.19 per share payable on
June 16, 2008 to shareholders of record on May 30, 2008 (ex-dividend date
of May 28, 2008). The 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
2008, 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 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).
ALPS Advisers, Inc. is the fund manager of the All-Star Equity Fund, a
multi-managed, closed-end investment company with more than $1.3 billion in
net assets. 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.