Lazard Global Total Return and Income Fund Confirms New Distribution

Rhea-AI Summary

Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed a monthly distribution of $0.11512 per share, representing an annualized yield of 7.0% based on its net asset value as of December 31, 2020. The payment will be made on January 22, 2021, to shareholders registered by January 11, 2021, with an ex-dividend date set for January 8, 2021. The Fund seeks total returns through capital appreciation and income, investing in approximately 60 to 80 US and non-US equity securities, including those in emerging markets.

Positive

• Monthly distribution of $0.11512 per share, reflecting a 7.0% annualized yield.
• Investment strategy focuses on total return through capital appreciation and income.
• Diversified investment across US and non-US equity securities, including emerging markets.

Negative

• None.

Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) is confirming today, pursuant to its level distribution policy, as previously authorized by its Board of Directors, a monthly distribution of $0.11512, equivalent to 7.0% (annualized) of the Fund’s net asset value per share as of the close of markets on December 31, 2020 on the Fund’s outstanding common stock. The distribution is payable on January 22, 2021 to shareholders of record on January 11, 2021. The ex-dividend date is January 8, 2021.

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, 2020, LAM and affiliated asset management companies in the Lazard Group managed $247.6 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/20210104005691/en/

FAQ

What is the distribution amount for Lazard Global Total Return and Income Fund (LGI) in January 2021?

The distribution amount is $0.11512 per share.

When is the ex-dividend date for LGI in January 2021?

The ex-dividend date is January 8, 2021.

What is the annualized yield for LGI based on the latest distribution?

The annualized yield is 7.0% based on the Fund's net asset value as of December 31, 2020.

When will the distribution for LGI be paid to shareholders?

The distribution will be paid on January 22, 2021.

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

The Fund invests in approximately 60 to 80 US and non-US equity securities, including emerging markets.