Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount
03 January 2024 - 8:58AM
Business Wire
Lazard Global Total Return and Income Fund, Inc. (the "Fund")
(NYSE:LGI) is confirming today, as previously authorized by
its Board of Directors pursuant to a Managed Distribution Policy, a
monthly distribution of $0.10459, equivalent to 7% (annualized) of
the Fund's net asset value per share as of the close of markets on
December 31, 2023 on the Fund's outstanding common stock. The
distribution is payable on January 22, 2024 to shareholders of
record on January 11, 2024. The ex-dividend date is January 10,
2024.
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, Inc. (NYSE: LAZ), Lazard Asset
Management ("LAM"), 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. For more information about LAM, please go
to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.
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version on businesswire.com: https://www.businesswire.com/news/home/20240102045296/en/
Media: Zoe Butt, +44 20 7448 2802 zoe.butt@lazard.com Investors:
Ben Wulfsohn, +1 800 828 5548 ben.wulfsohn@lazard.com
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