The Board of Trustees of Liberty All-Star Equity Fund has declared a distribution of $0.08 per share payable on March 11, 2013 to shareholders of record on January 25, 2013 (ex-dividend date of January 23, 2013). This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 6% of its net asset value per year, payable in four quarterly installments of 1.5%.