Lazard World Dividend & Income Fund Declares Monthly Distribution
March 15 2012 - 9:40AM
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 $0.06635 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, 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
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.
Lazard (NYSE:LAZ)
Historical Stock Chart
From Jul 2024 to Aug 2024
Lazard (NYSE:LAZ)
Historical Stock Chart
From Aug 2023 to Aug 2024