Lazard Global Total Return and Income Fund : 2022 Distribution Rate Announcement
January 04, 2022 at 05:09 pm
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Investor contact:
Zoe Butt, +44 20 7448 2802
Ben Wulfsohn, +1 800 828 5548
zoe.butt@lazard.com
ben.wulfsohn@lazard.com
LAZARD GLOBAL TOTAL RETURN AND INCOME FUND ANNOUNCES NEW MONTHLY
DISTRIBUTION AMOUNT
NEW YORK, January 3, 2022 - 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 $0.12473, equivalent to 7.0% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2021 on the Fund's outstanding common stock. The distribution is payable on January 21, 2022 to shareholders of record on January 10, 2022. The ex-dividend date is January 7, 2022.
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), 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, 2021, LAM and affiliated asset management companies in the Lazard Group managed $267.4 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.
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Lazard Global Total Return and Income Fund Inc. published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 17:08:09 UTC.
Lazard Global Total Return and Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is total return, consisting of capital appreciation and income. The Fund seeks to achieve its objective by investing in a portfolio of approximately 60-80 United States and non-United States equity securities, generally with a market cap of $2 billion or greater, at the time of purchase, and may invest in emerging markets. It seeks enhanced income by investing in short duration (typically below one year) emerging market forward currency contracts and other emerging market debt instruments. It invests in various sectors, including communication services, consumer discretionary, consumer staples, financials, healthcare, industrials, information technology, materials, sovereign debt and short-term investments.