Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount

Rhea-AI Summary

Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.09339 per share, representing an annualized yield of 7% based on its net asset value as of December 31, 2022. The distribution will be payable on January 23, 2023, to shareholders of record as of January 10, 2023, with an ex-dividend date of January 9, 2023. The Fund aims for total return through capital appreciation and current income, investing in a diversified portfolio of equity securities and emerging market currencies.

Positive

• Monthly distribution of $0.09339 indicates a commitment to returning value to shareholders.
• 7% annualized yield based on net asset value is attractive for income-focused investors.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, as previously authorized by its Board of Directors pursuant to a Managed Distribution Policy, a monthly distribution of $0.09339, equivalent to 7% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2022 on the Fund's outstanding common stock. The distribution is payable on January 23, 2023, to shareholders of record on January 10, 2023. The ex-dividend date is January 9, 2023.

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), Lazard Asset Management ("LAM"), the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2022, LAM and affiliated asset management companies in the Lazard Group managed $221.0 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/20230103005795/en/

Media contact:

Zoe Butt, +44 20 7448 2802

zoe.butt@lazard.com

Investor contact:

Ben Wulfsohn, +1 800 828 5548

ben.wulfsohn@lazard.com

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

FAQ

What is the monthly distribution amount for Lazard Global Total Return and Income Fund (LGI)?

The monthly distribution amount is $0.09339 per share.

When will the distribution for LGI be paid?

The distribution will be payable on January 23, 2023.

What is the annualized yield of the LGI distribution?

The annualized yield is 7% based on the Fund's net asset value.

What is the ex-dividend date for LGI?

The ex-dividend date is January 9, 2023.

What type of investments does the Lazard Global Total Return and Income Fund (LGI) focus on?

The Fund invests in US and non-US equity securities, emerging market currencies, and debt obligations.