Lazard Global Total Return and Income Fund Announces New Monthly Distribution Amount

Rhea-AI Summary

The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of $0.12473 per share, representing a 7.0% annualized return based on the net asset value as of December 31, 2021. This distribution will be paid on January 21, 2022, to shareholders on record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund's goal is to achieve total return through capital appreciation and current income, investing in 60 to 80 US and non-US equity securities and emerging market currencies. As of November 30, 2021, Lazard Asset Management managed $267.4 billion in assets.

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 $0.12473, equivalent to 7.0% (annualized) 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.

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, 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/20220103005288/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 recent distribution announcement for Lazard Global Total Return and Income Fund (LGI)?

Lazard Global Total Return and Income Fund (NYSE: LGI) announced a monthly distribution of $0.12473 per share, paying on January 21, 2022.

When is the ex-dividend date for LGI's upcoming distribution?

The ex-dividend date for Lazard Global Total Return and Income Fund (LGI) is January 7, 2022.

What is the annualized return of the recent distribution for LGI?

The recent distribution of $0.12473 per share for LGI represents an annualized return of 7.0% based on the net asset value as of December 31, 2021.

How much client assets does Lazard Asset Management manage?

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

What investment strategy does Lazard Global Total Return and Income Fund employ?

The Fund aims for total return, investing in 60 to 80 equity securities and emerging market currencies.