Lazard Global Total Return and Income Fund Declares Monthly Distribution

Rhea-AI Summary

The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has authorized a monthly distribution of $0.11512 per share, payable on June 22, 2021, to shareholders of record on June 9, 2021. The ex-dividend date is June 8, 2021. As of April 30, 2021, the Fund's investment strategy focuses on total return through capital appreciation and current income, investing in a portfolio of approximately 60 to 80 equity securities, including emerging markets. Lazard Asset Management manages $274.4 billion in client assets.

Positive

• Monthly distribution of $0.11512 per share supports shareholder returns.
• Focus on total return strategy aligns with investor interest in capital appreciation.

Negative

• None.

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 $0.11512 per share on the Fund’s outstanding common stock. The distribution is payable on June 22, 2021 to shareholders of record on June 9, 2021. The ex-dividend date is June 8, 2021.

Portfolio data as of April 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. 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 April 30, 2021, LAM and affiliated asset management companies in the Lazard Group managed $274.4 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

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FAQ

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

The latest distribution is $0.11512 per share, payable on June 22, 2021.

When is the ex-dividend date for the distribution announced by LGI?

The ex-dividend date is June 8, 2021.

What is the investment strategy of Lazard Global Total Return and Income Fund (LGI)?

The Fund focuses on total return through capital appreciation and current income, investing in around 60 to 80 equity securities.

How much client assets does Lazard Asset Management manage?

As of April 30, 2021, Lazard Asset Management manages $274.4 billion in client assets.