Lazard Global Total Return Fund Declares Monthly Distribution

Lazard Global Total Return and Income Fund Monthly Distribution

The Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has made an important announcement regarding its monthly distribution amount. This decision was authorized by the Fund's Board of Directors following its Managed Distribution Policy, confirming a distribution of $0.14646 per share. This distribution represents an annualized return of 10% based on the Fund's net asset value at the market close.

Understanding the Distribution Payment

The distribution is set to be paid on January 22, 2025, to shareholders who are recorded on January 10, 2025. It is crucial for shareholders to recognize that they will not receive the distribution if they sell their shares before the ex-dividend date, which is also January 10, 2025. This detailed timeline is essential for investors to strategize their holdings accordingly.

The Fund’s Investment Strategy

The primary goal of the Lazard Global Total Return and Income Fund is to achieve a balanced return, consisting of capital appreciation and current income. This objective is met by strategically investing in a diverse portfolio that includes 60 to 80 equity securities. These securities feature both U.S. and foreign companies recognized for their substantial market capitalization, typically exceeding $2 billion. Additionally, the Fund is open to investments in emerging markets, which can present unique opportunities for growth and yield.

Diverse Portfolio for Enhanced Returns

Within its investment strategy, the Fund also explores opportunities in emerging market currencies through forward currency contracts. This allows the Fund to tap into potential gains stemming from currency fluctuations in these markets. Moreover, the Fund may allocate portions of its assets to various debt obligations, including those issued by government entities and corporate organizations, specifically targeting structured notes that are denominated in emerging market currencies.

About Lazard Asset Management

Lazard Asset Management (LAM), the investment manager for the Lazard Global Total Return and Income Fund, is a notable subsidiary of Lazard Ltd (NYSE: LAZ). LAM operates globally and offers a diverse array of investment vehicles, encompassing equity, fixed income, and alternative products. As of the end of November 2024, LAM, alongside its associated asset management companies, successfully managed client assets totaling approximately $234.4 billion, showcasing their expertise and reliability in asset management.

Accessing More Information

For further details about Lazard Asset Management and their investment offerings, shareholders and potential investors can visit the official website. This resource provides extensive information about the various investment products available and their performance metrics, aiding clients in making informed decisions. You can also follow Lazard Asset Management on social media platforms such as Twitter to stay updated.

Frequently Asked Questions

What is the monthly distribution amount for the fund?

The monthly distribution amount announced is $0.14646 per share.

When is the distribution payable?

The distribution will be payable on January 22, 2025, to shareholders of record on January 10, 2025.

What is the investment strategy of the Lazard Global Total Return and Income Fund?

The Fund focuses on achieving total return through capital appreciation and current income by investing in a diversified portfolio of equity and debt securities.

How much client assets does Lazard Asset Management manage?

Lazard Asset Management manages about $234.4 billion worth of client assets as of November 30, 2024.

Where can I find more information about Lazard Asset Management?

More information can be found on the official Lazard Asset Management website.

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