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 Advisors, Inc.
BOSTON, MA--(Marketwire - January 20, 2009) - The Board of Trustees of Liberty All-Star Equity
Fund (NYSE : USA ) has declared a distribution of $0.10 per share payable on
March 16, 2009 to shareholders of record on January 30, 2009 (ex-dividend
date of January 28, 2009). 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 2009, 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 February 27, 2009 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 fund manager of the Liberty All-Star Equity
Fund, a multi-managed, closed-end investment company with more than $713
million 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.