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LIBERTY ALL-STAR EQUITY FUND ANNOUNCES IMPROVEMENT TO RIGHTS OFFERING

 LIBERTY ALL-STAR EQUITY FUND ANNOUNCES IMPROVEMENT TO RIGHTS OFFERING
 BOSTON, March 3 /PRNewswire/ -- Liberty All-Star Equity Fund, (NYSE: USA) referring to its previously announced shared offer to shareholders of rights to purchase additional All-Star shares, today announced that it has improved the terms of the offering by changing the subscription price to the lower of (i) the original subscription price of 95 percent of the last sale price of All-Star's shares on the New York Stock Exchange on April 1, 1992, or (ii) 95 percent of the net asset of a share of All-Star on that date.
 Liberty All-Star Equity Fund is a multi-managed closed-end equity investment company with net assets on Feb. 28, 1992 of more than $588 million. Its shares are listed on the New York Stock Exchange: Symbol USA.
 -0- 3/3/92
 /CONTACT: John L. Davenport of Liberty All-Star Equity Fund, 617-722-6000/
 (USA) CO: Liberty All-Star Equity Fund ST: Massachusetts IN: FIN SU: OFR


PB-EG -- NE009 -- 4485 03/03/92 12:31 EST
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Publication:PR Newswire
Date:Mar 3, 1992
Words:167
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