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 announced a monthly distribution of $0.11512 per share on common stock, payable on August 23, 2021. Shareholders of record by August 10, 2021 will be eligible, with an ex-dividend date of August 9, 2021. As of June 30, 2021, the Fund's portfolio includes around 60 to 80 US and non-US equities, focusing on companies with market capitalizations over $2 billion, and may include emerging markets. Lazard Asset Management manages approximately $277.4 billion in client assets.

Positive

• Monthly distribution of $0.11512 per share enhances shareholder returns.
• Fund invests in a diversified portfolio of 60-80 securities, providing potential for 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 August 23, 2021 to shareholders of record on August 10, 2021. The ex-dividend date is August 9, 2021.

Portfolio data as of June 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 June 30, 2021, LAM and affiliated asset management companies in the Lazard Group managed $277.4 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 distribution amount for LGI announced in August 2021?

Lazard Global Total Return and Income Fund (LGI) announced a monthly distribution of $0.11512 per share.

When is the LGI distribution payment date?

The payment date for LGI's distribution is August 23, 2021.

What is the ex-dividend date for LGI?

The ex-dividend date for Lazard Global Total Return and Income Fund (LGI) is August 9, 2021.

How much client assets does Lazard Asset Management manage?

As of June 30, 2021, Lazard Asset Management manages approximately $277.4 billion in client assets.

What types of investments does LGI pursue?

LGI primarily invests in US and non-US equity securities, including those from companies with market capitalizations over $2 billion, and may also invest in emerging markets.