Lazard Global Total Return and Income Fund Declares Monthly Distribution
September 14 2018 - 10:26AM
Business Wire
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 $0.11556 per share on the Fund’s
outstanding common stock. The distribution is payable on October
23, 2018 to shareholders of record on October 12, 2018. The
ex-dividend date is October 11, 2018.
Portfolio data as of August 31, 2018, 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 objective is total return consisting of capital
appreciation and current income. The Fund invests in a portfolio of
approximately 60 to 80 US and non-US equity securities, including
American Depository Receipts. The Fund generally invests in
securities of companies with market capitalizations greater than $2
billion and may invest in emerging markets. The Fund seeks enhanced
income by investing in short duration (typically less than one
year) emerging market forward currency contracts and other emerging
market debt instruments.
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 June 30, 2018, LAM
and affiliated asset management companies in the Lazard Group
managed $238 billion worth of client assets. For more information
about LAM, please go to www.LazardAssetManagement.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180914005339/en/
Lazard LtdMedia:Hillary Yaffe,
212-632-6528hillary.yaffe@lazard.comorInvestors:Ben Wulfsohn,
800-823-6300ben.wulfsohn@lazard.com
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