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Lazard Global Total Return & Income Fund (LGI) is a diversified, closed-end management investment company based in the United States. It aims to achieve total return through a combination of capital appreciation and income. The fund boasts a portfolio that spans various sectors, including consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt, among others.
Lazard Asset Management, known for its global perspective and deep market insights, manages the fund. With over $222.3 billion in assets under management as of December 31, 2017, Lazard Asset Management operates in numerous financial hubs worldwide, including Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.
The company's unique approach involves fostering a culture of constant dialogue between teams, which results in firsthand market insights. Each team operates independently but is supported by a robust central infrastructure, allowing them to focus on their core competencies.
Recent achievements and current projects include strategic investments across various sectors, aimed at optimizing returns while managing risks effectively. The fund’s diversified portfolio and active management strategy make it a compelling option for investors seeking balanced growth and steady income.
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Lazard Global Total Return and Income Fund, Inc. (LGI) has confirmed a monthly distribution of $0.10459 per share on its outstanding common stock, payable on February 22, 2024. The distribution consists of a 100% return of capital. The average annual total return for the 5-year period ending on December 31, 2023, was 11.59%. The annualized current distribution rate expressed as a percentage of NAV as of December 31, 2023, was 6.25%. The cumulative total return for the fiscal year through December 31, 2023, was 19.68%, with cumulative fiscal year distributions as a percentage of NAV as of December 31, 2023, at 2.60%.
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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of $0.10459 per share, equivalent to 7% annualized of its net asset value, payable on January 22, 2024. The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests 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. Lazard Asset Management, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2023, LAM and affiliated asset management companies in the Lazard Group managed $235.9 billion worth of client assets.
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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of 7.0% of the Fund’s net asset value per share as of December 29, 2023, payable on January 22, 2024, to shareholders of record on January 11, 2024. The distribution sources include net investment income, net realized capital gains, and return of capital. The average annual total return for the 5-year period ending on November 30, 2023, is 8.96%.
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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of $0.09339 per share on its common stock. The distribution is payable on December 22, 2023, to shareholders of record on December 12, 2023, with an ex-dividend date of December 11, 2023. The Fund has also paid a previously declared distribution on November 22, 2023. The distribution breakdown includes 45% from net income, 0% from net realized short-term capital gains, 0% from net realized long-term capital gains, and 55% from return of capital. The average annual total return for the 5-year period ending on October 31, 2023, was 7.46%. The annualized current distribution rate as a percentage of NAV as of October 31, 2023, was 7.22%. The cumulative total return for the fiscal year through October 31, 2023, was 2.50%, and the cumulative fiscal year distributions as a percentage of NAV as of October 31, 2023, was 3.01%.
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Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has confirmed a monthly distribution of $0.09339 per share on its outstanding common stock. The distribution is payable on November 22, 2023, to shareholders of record on November 10, 2023. The ex-dividend date is November 9, 2023.
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Lazard Global Total Return and Income Fund, Inc. confirms a monthly distribution of $0.09339 per share on its outstanding common stock. The distribution is payable on October 24, 2023. The Fund estimates that it has distributed more than its net investment income and net realized capital gains, with a return of capital accounting for 53% of the distribution. The Fund's investment objective is total return, consisting of capital appreciation and current income. As of August 31, 2023, Lazard Asset Management managed $237.3 billion worth of client assets.
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Lazard Global Total Return and Income Fund, Inc. confirms monthly distribution of $0.09339 per share on outstanding common stock. Net income accounts for 56% of the distribution, while return of capital accounts for 44%. Average annual total return for the 5-year period is 8.02%.
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Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has confirmed a monthly distribution of $0.09339 per share on its common stock. The distribution is payable on August 22, 2023, to shareholders of record on August 11, 2023. The Fund has also paid a previously declared distribution on July 24, 2023. The estimated amounts of the current distribution and cumulative distributions for the fiscal year to date have been provided.
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FAQ
What is the current stock price of Lazard Global Total Return & Income Fund (LGI)?
The current stock price of Lazard Global Total Return & Income Fund (LGI) is $16.37 as of November 20, 2024.
What is the market cap of Lazard Global Total Return & Income Fund (LGI)?
The market cap of Lazard Global Total Return & Income Fund (LGI) is approximately 213.0M.
What is the primary objective of Lazard Global Total Return & Income Fund?
The primary objective is to achieve total return consisting of capital appreciation and income.
What sectors does the fund invest in?
The fund invests in sectors like consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt.
Who manages Lazard Global Total Return & Income Fund?
Lazard Asset Management manages the fund.
How much in assets does Lazard Asset Management oversee?
As of December 31, 2017, Lazard Asset Management oversees $222.3 billion in assets.
Where are Lazard Asset Management’s offices located?
Offices are located in Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.
What is the fund's approach to management?
The fund fosters a culture of constant dialogue between independent teams, supported by a central infrastructure.
What recent achievements has the fund made?
Recent achievements include strategic investments across various sectors to optimize returns and manage risks.
What makes Lazard Global Total Return & Income Fund unique?
Its diversified portfolio and active management strategy make it a compelling option for balanced growth and steady income.
How does the fund generate income?
The fund generates income through strategic investments in various sectors and active management.
Is the fund suitable for long-term investment?
Yes, the fund's diversified portfolio and strategic approach are designed for long-term capital appreciation and income.
Lazard Global Total Return & Income Fund
NYSE:LGI
LGI Rankings
LGI Stock Data
213.02M
13.01M
34.13%
0.14%
Asset Management
Financial Services
United States of America
New York