The Board of Trustees of Liberty All-Star Equity Fund declared a distribution of $0.19 per share payable on March 8, 2021 to shareholders of record on January 22, 2021, ex-dividend date of January 21, 2021. This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 10% of its net asset value per year, payable in four quarterly installments of 2.5%.