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 September 22, 2021. Shareholders of record must hold shares by September 9, 2021, with an ex-dividend date of September 8, 2021. The Fund focuses on total return through capital appreciation and current income by investing in a diverse portfolio of approximately 60 to 80 US and non-US equity securities, including those in emerging markets.

Positive

• Monthly distribution of $0.11512 per share indicates a consistent income stream for investors.
• Investment in a diversified portfolio of equity securities enhances potential for capital appreciation.

Negative

• No significant negative aspects reported.

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 September 22, 2021 to shareholders of record on September 9, 2021. The ex-dividend date is September 8, 2021.

Portfolio data as of July 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 July 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed $278.4 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 monthly distribution amount for Lazard Global Total Return and Income Fund (LGI)?

The monthly distribution amount is $0.11512 per share.

When is the distribution payment date for LGI?

The distribution is payable on September 22, 2021.

What is the ex-dividend date for LGI?

The ex-dividend date for LGI is September 8, 2021.

How many securities does LGI invest in?

LGI invests in approximately 60 to 80 US and non-US equity securities.

What is the investment focus of the Lazard Global Total Return and Income Fund?

The Fund focuses on total return, which includes capital appreciation and current income.