{"id":525641,"date":"2021-08-09T19:01:08","date_gmt":"2021-08-09T23:01:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-announces-rights-offering\/"},"modified":"2021-08-09T19:01:08","modified_gmt":"2021-08-09T23:01:08","slug":"liberty-all-star-equity-fund-announces-rights-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-announces-rights-offering\/","title":{"rendered":"Liberty All-Star\u00ae Equity Fund Announces Rights Offering"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n BOSTON<\/span>, Aug. 9, 2021<\/span> \/PRNewswire\/ —\u00a0The Board of Trustees (the “Board”) of Liberty All-Star\u00ae<\/span><\/sup> Equity Fund (NYSE: USA<\/span>) (the “Fund”) has authorized and set the terms of an offering to the Fund’s shareholders of rights to purchase additional shares of the Fund.\u00a0<\/p>\n

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\n
\n \"(PRNewsfoto\/All-Star
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Shareholders on a record date to be established by the Fund’s Board would be issued non-transferable rights entitling them to subscribe for one additional share for every ten shares held (the “Primary Subscription”), with the right to subscribe for additional shares not subscribed for by others in the Primary Subscription. If such over-subscription requests exceed the number of shares available, the Fund may, in its sole discretion, elect to issue additional shares in an amount of up to 25% of the shares issued in the Primary Subscription.<\/p>\n

The subscription price per share will be 95 percent of the reported net asset value or market price per share, whichever is lower on the expiration date. Market price per share will be determined based on the average of last reported sales prices of a share on the New York Stock Exchange on the expiration date and the four trading days preceding the expiration date. The offering is subject to the effectiveness of the Fund’s Registration Statement to be filed with the Securities and Exchange Commission (“SEC”) and will be made only by means of a prospectus. <\/p>\n

A Registration Statement relating to the securities has not been filed with the SEC as of the date of this release. These securities may not be sold nor may offers to purchase be accepted prior to the time the Registration Statement becomes effective with the SEC.<\/p>\n

This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy. Investors should read the prospectus, when available, and consider the investment objective, risks, charges and expenses of the Fund carefully before investing.\u00a0To obtain an annual report or semi-annual report which contains this and other information, visit www.all-starfunds.com<\/a> or call 1-800-241-1850. Read them carefully before investing.<\/p>\n

The Fund does not continuously issue shares and trades in the secondary market.\u00a0Investors 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.\u00a0The Fund’s shares are listed on the New York Stock Exchange under the ticker symbol USA<\/span>. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $1.8 billion<\/span> in net assets as of August 6, 2021<\/span>.<\/p>\n

\n Past performance cannot predict future results.
<\/i>
\n An investment in the Fund involves risk, including loss of principal.
<\/i>
\n Secondary market support provided to the Fund by ALPS Fund Services, Inc.’s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member.<\/i>
\n ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.<\/i>\n <\/p>\n

\n For Information Contact:
<\/b>Liberty All-Star\u00ae<\/span><\/sup> Equity Fund
1-800-241-1850
www.all-starfunds.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/liberty-all-star-equity-fund-announces-rights-offering-301351389.html<\/a><\/p>\n

SOURCE Liberty All-Star Equity Fund<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BOSTON, Aug. 9, 2021 \/PRNewswire\/ —\u00a0The Board of Trustees (the “Board”) of Liberty All-Star\u00ae Equity Fund (NYSE: USA) (the “Fund”) has authorized and set the terms of an offering to the Fund’s shareholders of rights to purchase additional shares of the Fund.\u00a0 Shareholders on a record date to be established by the Fund’s Board would be issued non-transferable rights entitling them to subscribe for one additional share for every ten shares held (the “Primary Subscription”), with the right to subscribe for additional shares not subscribed for by others in the Primary Subscription. If such over-subscription requests exceed the number of shares available, the Fund may, in its sole discretion, elect to issue additional shares in an amount of … <\/p>\n

Continue reading “Liberty All-Star\u00ae Equity Fund Announces Rights Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525641","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLiberty All-Star\u00ae Equity Fund Announces Rights Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-all-star-equity-fund-announces-rights-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty All-Star\u00ae Equity Fund Announces Rights Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BOSTON, Aug. 9, 2021 \/PRNewswire\/ —\u00a0The Board of Trustees (the “Board”) of Liberty All-Star\u00ae Equity Fund (NYSE: USA) (the “Fund”) has authorized and set the terms of an offering to the Fund’s shareholders of rights to purchase additional shares of the Fund.\u00a0 Shareholders on a record date to be established by the Fund’s Board would be issued non-transferable rights entitling them to subscribe for one additional share for every ten shares held (the “Primary Subscription”), with the right to subscribe for additional shares not subscribed for by others in the Primary Subscription. 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