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Bank of America to Sell Two Funds to ALPS

Bank of America Investment Advisors, adviser to the Liberty All-Star Funds, has agreed to sell the two portfolios to ALPS Advisers. The portfolios are related closed-end equity funds-the Liberty All-Star Equity Fund, which had $1.2 billion of assets under management as of June 30, and the Liberty All-Star Growth Fund, which had $150 million under management. The deal is expected to close by year-end; its price was not disclosed.

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