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 April 22, 2021. Shareholders of record as of April 9, 2021 will receive this payment, with the ex-dividend date set for April 8, 2021. The Fund focuses on total return through a mix of capital appreciation and current income, investing in a portfolio of 60 to 80 US and non-US equities, including emerging markets. As of February 28, 2021, Lazard Asset Management managed $260.7 billion in client assets.

Positive

• Monthly distribution of $0.11512 per share reflects ongoing income generation.
• Focus on total return strategy may attract income-focused investors.

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

Portfolio data as of February 26, 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 February 28, 2021, LAM and affiliated asset management companies in the Lazard Group managed $260.7 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 in April 2021?

The distribution amount for LGI in April 2021 is $0.11512 per share.

When is the record date for LGI's distribution?

The record date for LGI's distribution is April 9, 2021.

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

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

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

The investment objective is total return, consisting of capital appreciation and current income.

How much client assets does Lazard Asset Management manage?

As of February 28, 2021, Lazard Asset Management managed $260.7 billion in client assets.