Lazard Global Total Return and Income Fund Declares Monthly Distribution
October 16 2020 - 3:06PM
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 $0.10646 per share on the Fund’s
outstanding common stock. The distribution is payable on November
24, 2020 to shareholders of record on November 13, 2020. The
ex-dividend date is November 12, 2020.
Portfolio data as of September 30, 2020, 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 investment objective is total return, consisting of
capital appreciation and current income. The Fund’s net assets are
invested in a portfolio of approximately 60 to 80 US and non-US
equity securities, including American Depository Receipts,
generally of companies with market capitalizations greater than $2
billion, and may include investments in emerging markets. The Fund
also invests in emerging market currencies (primarily by entry into
forward currency contracts), or instruments whose value is derived
from the performance of an underlying emerging market currency, and
also may invest in debt obligations, including government,
government agency and corporate obligations and structured notes
denominated in emerging market currencies.
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 September 30,
2020, LAM and affiliated asset management companies in the Lazard
Group managed $227.8 billion worth of client assets. For more
information about LAM, please go to www.LazardAssetManagement.com.
Follow LAM at @LazardAsset.
This is a revision of the announcement issued by Lazard on
October 15, 2020 in which the payable, record and ex-dividend dates
were updated.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201016005623/en/
Media: Hillary Yaffe, +1 212 632 6528
hillary.yaffe@lazard.com
Investor: Ben Wulfsohn, +1 800 823 6300
ben.wulfsohn@lazard.com
Lazard (NYSE:LAZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lazard (NYSE:LAZ)
Historical Stock Chart
From Apr 2023 to Apr 2024