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 approved a monthly distribution of $0.11512 per share. This payout is scheduled for March 22, 2021, to shareholders recorded by March 9, 2021, with an ex-dividend date of March 8, 2021. As of January 31, 2021, the Fund's portfolio consists of 60 to 80 US and non-US equity securities, including ADRs from companies with over $2 billion market cap, and also engages in emerging markets and currency investments. Lazard Asset Management manages approximately $255.2 billion in assets as of the same date.

Positive

• Monthly distribution of $0.11512 per share reflects ongoing income generation for shareholders.
• Fund's diversified portfolio includes 60 to 80 US and non-US equity securities, potentially enhancing returns.

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

Portfolio data as of January 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 January 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed $255.2 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 date for Lazard Global Total Return and Income Fund (LGI)?

The distribution date is March 22, 2021.

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

The ex-dividend date is March 8, 2021.

What is the amount of the monthly distribution for LGI?

The monthly distribution is $0.11512 per share.

How many securities does LGI's portfolio typically hold?

The portfolio holds approximately 60 to 80 US and non-US equity securities.

How much total client assets does Lazard Asset Management manage?

Lazard Asset Management manages approximately $255.2 billion in client assets.