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) announced a monthly distribution of $0.11512 per share, payable on February 22, 2021, to shareholders of record on February 9, 2021. The ex-dividend date is February 8, 2021. As of December 31, 2020, the Fund focuses on capital appreciation and current income via a diversified portfolio of 60 to 80 equity securities, including emerging markets. Lazard Asset Management, managing $258.6 billion in assets, oversees the Fund's investments and provides detailed portfolio data on its website.

Positive

• Monthly distribution of $0.11512 per share indicates ongoing income generation for shareholders.
• Diversified investment strategy with exposure to both US and non-US equities, including emerging markets.
• Strong asset management backing with Lazard managing $258.6 billion in client assets.

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

Portfolio data as of December 31, 2020, 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 December 31, 2020, LAM and affiliated asset management companies in the Lazard Group managed $258.6 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210115005416/en/

FAQ

What is the distribution amount for Lazard Global Total Return and Income Fund (LGI) in February 2021?

Lazard Global Total Return and Income Fund (LGI) declared a distribution of $0.11512 per share for February 2021.

When is the ex-dividend date for LGI's February 2021 distribution?

The ex-dividend date for LGI's February 2021 distribution is February 8, 2021.

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

LGI aims for total return through capital appreciation and current income by investing in 60 to 80 equity securities, including those from emerging markets.

Who manages the Lazard Global Total Return and Income Fund (LGI)?

Lazard Asset Management (LAM), an indirect subsidiary of Lazard Ltd (NYSE: LAZ), manages the Lazard Global Total Return and Income Fund (LGI).

What are the key dates for LGI's February 2021 distribution?

The record date is February 9, 2021, and the payment date is February 22, 2021.