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LIBERTY ALL-STAR EQUITY FUND TO REMAIN A CLOSED-END FUND

 BOSTON, April 7 /PRNewswire/ -- Liberty ALL-STAR Equity Fund (NYSE: USA) announced that, at their annual meeting held today, shareholders rejected a proposal to convert ALL-STAR to an open-end investment company. That proposal had been included on the agenda for the 1993 annual meeting in accordance with a commitment made when ALL-STAR was formed in 1986.
 Liberty ALL-STAR Equity Fund is a multi-managed, closed-end investment company. Its shares are listed on the New York Stock Exchange. The Fund's net assets and shares outstanding on March 31, 1993 and Dec. 31, 1992 were as follows:
 March 31, 1993 Dec. 31, 1992
 Net Assets $677,218,163 $664,658,745
 Per Share $10.75(a) $10.78
 Shares Outstanding 62,994,719 61,629,859
 (a) After total distributions of 27 cents per share during the first quarter of 1993.
 -0- 4/7/93
 /CONTACT: John L. Davenport of Liberty Financial, 617-722-6000/
 (USA)


CO: Liberty ALL-STAR Equity Fund ST: Massachusetts IN: FIN SU: FNC

DJ -- NE003 -- 3666 04/07/93 09:00 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
Words:170
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