Lazard Global Total Return and Income Fund Announces Monthly Distribution

Rhea-AI Summary

The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution rate of 7.0% based on the Fund's net asset value as of December 31, 2021.

This distribution is payable on January 21, 2022, to shareholders of record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund primarily invests in a diversified portfolio of US and non-US equity securities and may include emerging markets.

Positive

• Monthly distribution rate set at 7.0%, providing attractive income to shareholders.
• Investment strategy includes a diversified portfolio of 60 to 80 equity securities, potentially offering growth and capital appreciation.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) today authorized the declaration, pursuant to a Managed Distribution Policy, a monthly distribution equal to, on an annualized basis, 7.0% of the Fund's net asset value per share as of the close of markets on December 31, 2021 on the Fund's outstanding common stock. The distribution is payable on January 21, 2022 to shareholders of record on January 10, 2022. The ex-dividend date is January 7, 2022.

Portfolio data as of November 30, 2021, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management's ("LAM") website, www.LazardAssetManagement.com.

The Fund's investment objective is total return, consisting of capital appreciation and current income. The Fund's net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2021, LAM and affiliated asset management companies in the Lazard Group managed $267.4 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211217005393/en/

Media contact:

Zoe Butt, +44 20 7448 2802

zoe.butt@lazard.com

Investor contact:

Ben Wulfsohn, +1 800 823 6300

ben.wulfsohn@lazard.com

Source: Lazard Global Total Return and Income Fund, Inc.

FAQ

What is the distribution rate for Lazard Global Total Return and Income Fund (NYSE:LGI)?

The distribution rate is set at 7.0% based on the Fund's net asset value.

When is the distribution payable for LGI shareholders?

The distribution is payable on January 21, 2022.

What is the ex-dividend date for LGI?

The ex-dividend date for LGI is January 7, 2022.

What types of securities does Lazard Global Total Return and Income Fund invest in?

The Fund invests in a diversified portfolio of US and non-US equity securities, including those in emerging markets.

What is Lazard Asset Management's total assets under management?

As of November 30, 2021, Lazard Asset Management manages $267.4 billion in client assets.