Lazard World Dividend & Income Fund Declares Monthly Distribution
September 14 2018 - 10:27AM
Business Wire
The Board of Directors of Lazard World Dividend & Income
Fund, Inc. (the “Fund”) (NYSE:LOR) has authorized the Fund
to declare today, pursuant to a level distribution policy, a
monthly distribution of $0.07409 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 through a combination of
dividends, income, and capital appreciation. The Fund’s net assets
are invested in a portfolio of approximately 60 to 90 world equity
securities, consisting primarily of stocks selected from the
current holdings of other accounts managed by LAM. The equity
portfolio is broadly diversified in both developed and emerging
market countries and across the capitalization spectrum. 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/20180914005341/en/
LazardMedia:Hillary Yaffe, +1 212 632 6528hillary.yaffe@lazard.comorInvestor:Ben Wulfsohn,
+1 800 823 6300ben.wulfsohn@lazard.com
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