Lazard Global Total Return and Income Fund Announces Increased Monthly Distribution, Payable on July 22, 2024
June 28, 2024 at 09:30 pm
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Lazard Global Total Return and Income Fund, Inc. is announcing that its Board of Directors has authorized an increase in the monthly distribution to shareholders, pursuant to the Fund?s Managed Distribution Policy. Beginning with the distribution payable on July 22, 2024 to shareholders of record on July 11, 2024, which was previously announced on June 24, 2024, the Fund will pay, on a monthly basis, a distribution equal to, on an annualized basis, 10% 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, or $0.14941 per share. The ex-dividend date is July 11, 2024.
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.
LAZARD GLOBAL TOTAL RETURN AND INCOME FUND, INC. 
