Monthly Distribution from Lazard Global Total Return Fund
NEW YORK – Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE: LGI) has confirmed a significant monthly distribution of $0.15340 per share on its outstanding common stock. This distribution aligns with its Managed Distribution Policy and has received prior authorization from the Board of Directors. Shareholders of record as of February 10, 2026, will receive this distribution on February 23, 2026.
Details on the Current Distribution
The upcoming distribution is an affirmation of the Fund's commitment to providing returns to its shareholders. As part of this report, the distribution announced can be dissected into several sources: net investment income, net realized capital gains, and return of capital. The amounts reported reflect accounting principles generally accepted, which may diverge from federal income tax regulations.
Estimated Sources of Distribution
Detailed estimations have been provided regarding the sources for the distribution amounts and cumulative distributions, including:
- Net Income: $0.00078 (1%)
- Net Realized Short-Term Capital Gains: $0.00000 (0%)
- Net Realized Long-Term Capital Gains: $0.00000 (0%)
- Return of Capital: $0.15262 (99%)
- Total Distribution: $0.15340 (100%)
Understanding Returns of Capital
Investors should interpret the Fund's distribution cautiously. Since the Fund has managed to distribute more than its net investment income and net realized capital gains, part of the distribution may count as a return of capital. This situation may arise when parts of an investment are returned to shareholders, which does not directly indicate investment performance and should not be misunderstood as yield or income.
Insights into Fund Performance
As of December 31, 2025, the average annual total return related to NAV for the 5-year period reached an impressive 7.40%. Furthermore, the annualized current distribution rate as a percentage of NAV stands at 10.02%, with cumulative returns of 15.34% for the fiscal year.
Investment Strategy and Objectives
The primary objective of the Fund is to achieve total return, which encompasses capital appreciation along with current income. The portfolio typically consists of approximately 60 to 80 equity securities in both US and non-US markets, primarily representing companies with market capitalizations exceeding $2 billion. The Fund's strategy may also extend to emerging markets as well as investments in emerging market currencies.
Additional Information for Investors
Investors can find detailed portfolio information including performance metrics and asset allocations on Lazard Asset Management’s website. Lazard, an established name in investment management, operates not only this Fund but also a diverse range of equity and fixed-income products globally, managing over $254.3 billion in assets.
Contact Information
If you have inquiries or seek further details, you can contact:
Media Contact: Aziz Nayani, +1 212 632 6042
Investor Contact: Ben Wulfsohn, +1 800 823 6300
Frequently Asked Questions
What is the amount of the monthly distribution from the Fund?
The monthly distribution amount is confirmed at $0.15340 per share.
When will the distribution be paid to shareholders?
Shareholders will receive the distribution on February 23, 2026.
What sources contribute to the distribution amount?
The distribution may come from net investment income, capital gains, and returns of capital.
How does the Fund’s distribution relate to its performance?
Returns of capital do not reflect the overall performance and can occur if distributions exceed net income and realized gains.
Where can I find more information about the Fund’s portfolio?
More details regarding the Fund’s portfolio can be accessed on the Lazard Asset Management website.
