Lazard Global Total Return and Income Fund Declares Monthly Distribution
March 15 2012 - 9:25AM
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 $0.08068 per share on the Fund’s
outstanding common stock. The distribution is payable on April 23,
2012 to shareholders of record on April 12, 2012. The ex-dividend
date is April 10, 2012.
Portfolio data as of February 29, 2012 including performance,
asset allocation, top 10 holdings, sector weightings, regional
exposure, and other Fund characteristics have been posted on Lazard
Asset Management LLC’s (“LAM”) website, www.LazardNet.com.
Additionally, the notice required by Section 19(a) of the
Investment Company Act of 1940, as amended, which provides
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.LazardNet.com.
The Fund’s objective is total return, consisting of capital
appreciation and current income. The Fund seeks to achieve its
objective by primarily investing in a portfolio of approximately 35
to 45 equity securities with a market capitalization of at least $5
billion at the time of purchase that are domiciled in those
countries that comprise the MSCI World Index. The Fund seeks
enhanced income by investing in short duration (typically below 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 December 31,
2011, LAM and affiliated asset management companies in the Lazard
Group managed $141.0 billion worth of client assets. For more
information about LAM, please go to www.LazardNet.com.
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