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 its outstanding common stock. This distribution is set for payment on July 22, 2021, to shareholders of record on July 9, 2021, with an ex-dividend date of July 8, 2021. The Fund aims for total return through capital appreciation and income, managing assets in a portfolio of approximately 60 to 80 US and non-US equity securities, and may also invest in emerging markets. As of May 31, 2021, Lazard Asset Management managed $278.6 billion in client assets.

Positive

• Monthly distribution of $0.11512 per share reflects ongoing income generation.
• The Fund's diversified investment strategy includes US and non-US equity securities, enhancing growth potential.

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

Portfolio data as of May 28, 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 May 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed $278.6 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 latest distribution amount declared by Lazard Global Total Return and Income Fund?

Lazard Global Total Return and Income Fund has declared a distribution of $0.11512 per share.

When is the payment date for the July 2021 distribution of Lazard Global Total Return and Income Fund?

The payment date is set for July 22, 2021.

What is the ex-dividend date for the July distribution of Lazard Global Total Return and Income Fund?

The ex-dividend date is July 8, 2021.

How much in client assets does Lazard Asset Management manage as of May 31, 2021?

Lazard Asset Management manages $278.6 billion in client assets.

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

The Fund aims for total return through capital appreciation and income, investing in a diversified portfolio of US and non-US equity securities.