Lazard Global Total Return and Income Fund Declares Monthly Distribution

Rhea-AI Summary

Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.10646 per share, payable on November 24, 2020. Shareholders of record on November 13, 2020 will receive this distribution, with the ex-dividend date set for November 12, 2020.

The Fund aims for total return through capital appreciation and income, investing in 60 to 80 US and non-US equities, with a focus on companies over $2 billion in market cap, including emerging markets.

Positive

• Monthly distribution of $0.10646 per share announced.
• Distribution supports investor income with timely payments.

Negative

• None.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on November 24, 2020 to shareholders of record on November 13, 2020. The ex-dividend date is November 12, 2020.

Portfolio data as of September 30, 2020, 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. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on 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 September 30, 2020, LAM and affiliated asset management companies in the Lazard Group managed $227.8 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

This is a revision of the announcement issued by Lazard on October 15, 2020 in which the payable, record and ex-dividend dates were updated.