Corporate GovernanceJun 25, 2026, 04:22 PM
Liberty All-Star Equity Fund to Vote on Loomis Sayles Agreement
AI Summary
LIBERTY ALL-STAR EQUITY FUND (USA) has filed a definitive proxy statement for its Joint Annual Meeting of Shareholders on August 26, 2026. Shareholders will vote on approving a new Portfolio Management Agreement with Loomis, Sayles & Company, L.P., which replaces Sustainable Growth Advisers, LP as a large cap growth equity manager. Additionally, shareholders will elect two Trustees for the Equity Fund and two Directors for the Growth Fund. The Boards of Trustees/Directors unanimously recommend voting for all proposals.
Key Highlights
- Equity Fund shareholders to vote on new Portfolio Management Agreement with Loomis, Sayles & Company, L.P.
- Loomis Sayles replaces Sustainable Growth Advisers, LP as large cap growth equity manager for the Equity Fund.
- The new agreement with Loomis Sayles commenced on June 15, 2026, pending shareholder approval.
- Loomis Sayles' fee rate is 0.40% on assets up to $400 million, with breakpoints, paid by ALPS Advisors, Inc. (AAI).
- Shareholders will elect two Trustees for the Equity Fund and two Directors for the Growth Fund.
- The Joint Annual Meeting of Shareholders is scheduled for August 26, 2026, at 9:00 a.m. Eastern Time.
- The record date for determining shareholders entitled to vote is June 11, 2026.
- Additional proxy solicitation costs for the Equity Fund related to Proposal 1 are estimated at $315,000.
Price Impact