Liberty All-Star® Equity Fund Announces New Portfolio Manager

BOSTON--(BUSINESS WIRE)--

The Board of Trustees of Liberty All-Star Equity Fund USA has appointed Aristotle Capital Management, LLC ("Aristotle") as one of the Fund's five investment managers effective December 14, 2015 replacing Matrix Asset Advisors, Inc.

The investment team at Aristotle, led by Howard Gleicher, CFA, practices a large capitalization value investment style which will be used to manage their portion of the Fund's assets. Liberty All-Star Equity Fund's other managers are Cornerstone Capital Management LLC, Delaware Investments, Pzena Investment Management, LLC, and TCW Investment Management Company.

ALPS Advisors, Inc. is the investment advisor of the Liberty All-Star Equity Fund, a multi-managed, closed-end investment company with more than $1.1 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.

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