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 declared a monthly distribution of $0.11512 per share, payable on May 21, 2021, to shareholders of record on May 10, 2021. The ex-dividend date is set for May 7, 2021. As of March 31, 2021, the fund's portfolio comprises 60 to 80 equity securities, including those with market capitalizations over $2 billion, and may include emerging market investments. Lazard Asset Management manages approximately $264.9 billion in client assets globally.

Positive

• Monthly distribution of $0.11512 per share enhances income for investors.
• Diverse portfolio with 60 to 80 US and non-US equity securities supports growth potential.
• Significant assets under management of $264.9 billion indicate strong market position.

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 May 21, 2021 to shareholders of record on May 10, 2021. The ex-dividend date is May 7, 2021.

Portfolio data as of March 31, 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 March 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed $264.9 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 distribution amount declared by Lazard Global Total Return and Income Fund (LGI)?

The distribution amount declared is $0.11512 per share.

When is the payment date for the recent distribution by LGI?

The payment date for the distribution is May 21, 2021.

What is the ex-dividend date for LGI's latest distribution?

The ex-dividend date is May 7, 2021.

What assets does Lazard Global Total Return and Income Fund invest in?

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

How much does Lazard Asset Management manage in client assets?

As of March 31, 2021, Lazard Asset Management manages approximately $264.9 billion in client assets.