LAZARD GLOBAL TOTAL RETURN AND INCOME FUND DECLARES MONTHLY DISTRIBUTION AND ISSUES ESTIMATED SOURCES OF THE DISTRIBUTION ANNOUNCED IN SEPTEMBER

Estimated return of capital accounts for 34% of fiscal-year-to-date distributions, but none of the October payment.

Rhea-AI Summary

Lazard Global Total Return and Income Fund (LGI) confirmed a monthly distribution of $0.15340 per share, payable November 24, 2026. The record and ex-dividend dates are November 10, 2026.

For the previously declared distribution paid October 22, estimated sources are 13% net income and 87% realized long-term capital gains, with no return of capital. Fiscal-year-to-date distributions total $1.53400 per share, including an estimated 34% return of capital, meaning money returned to investors rather than income.

Through September 30, 2026, fiscal-year total return based on net asset value (NAV) was 5.81%, versus cumulative distributions of 7.66% of NAV. The five-year average annual NAV total return was 6.36%, compared with a 10.22% annualized current distribution rate. Distribution sources are estimates, not tax-reporting figures; distribution amounts do not establish investment performance.

Positive

• Minor pointOctober payment sources include estimated net income of $0.02003 per share (13%).
• Minor pointOctober payment sources include estimated realized long-term capital gains of $0.13337 per share (87%).
• Minor pointFiscal-year-to-date estimated net income distributions total $0.20541 per share (13%).
• Minor pointFiscal-year-to-date estimated realized long-term capital gain distributions total $0.80950 per share (53%).
• Minor pointFiscal-year NAV total return through September 30, 2026 was 5.81%, versus distributions of 7.66% of NAV.
• Minor pointFive-year average annual NAV total return was 6.36%, versus a 10.22% annualized distribution rate, at September 30, 2026.

Negative

• Minor pointFiscal-year-to-date estimated return of capital totals $0.51909 per share (34%), returning invested money rather than income.

Key Figures

Monthly distribution: $0.15340 per share Net investment income: $0.02003 per share (13%) Net realized long-term capital gains: $0.13337 per share (87%) +4 more

Monthly distribution

$0.15340 per share

Declared for outstanding common stock

Net investment income

$0.02003 per share (13%)

Estimated source of the current distribution

Net realized long-term capital gains

$0.13337 per share (87%)

Estimated source of the current distribution

Return of capital

$0.00000 per share (0%)

Estimated source of the current distribution

Cumulative return of capital

$0.51909 per share (34%)

Estimated fiscal-year-to-date distributions

Cumulative distributions

$1.53400 per share

Estimated fiscal-year-to-date total

Annualized current distribution rate

10.22% of NAV

As of September 30, 2026

Key Terms

managed distribution policy, net investment income, net realized capital gains, return of capital, +1 more

5 terms

managed distribution policy financial

"pursuant to its Managed Distribution Policy"

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

net investment income financial

"sources: net investment income, net realized capital gains"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

net realized capital gains financial

"net investment income, net realized capital gains"

Net realized capital gains are the total profits an investor or fund actually locks in by selling investments at a higher price than they were bought, after subtracting any losses and transaction costs. Think of it like a garage sale where you tally the money made from items sold for more than you paid, minus the losses on items that sold for less; these net gains affect taxable income, dividend distributions and reported earnings, so they directly influence investor returns and tax bills.

return of capital financial

"and return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

nav financial

"Average annual total return (in relation to NAV)"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

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NEW YORK, Oct. 22, 2026 /PRNewswire/ -- Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.15340 per share on the Fund's outstanding common stock. The distribution is payable on November 24, 2026, to shareholders of record on November 10, 2026. The ex-dividend date is November 10, 2026.

The Fund will pay a previously declared distribution today, October 22, 2026. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today's distribution, from the following sources: net investment income, net realized capital gains (short-term and long-term), and return of capital. All amounts are expressed per share of common stock and are based on accounting principles generally accepted in the US, which may differ from federal income tax regulations.

	Current Distribution	% of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date	% of the Total Cumulative Distributions for the Fiscal Year to Date
Net Income	$0.02003	13 %	$0.20541	13 %
Net Realized Short-Term Capital Gains	$0.00000	0 %	$0.00000	0 %
Net Realized Long-Term Capital Gains	$0.13337	87 %	$0.80950	53 %
Return of Capital	$0.00000	0 %	$0.51909	34 %
Total	$0.15340	100 %	$1.53400	100 %

Average annual total return (in relation to NAV) for the 5-year period ending on September 30, 2026	6.36 %
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2026	10.22 %
Cumulative total return (in relation to NAV) for the fiscal year through September 30, 2026	5.81 %
Cumulative fiscal year distributions as a percentage of NAV as of September 30, 2026	7.66 %

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Policy.

The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of your distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income".

The amounts and sources of distributions reported above are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund provides financial intermediary firms the information necessary to produce the Form 1099-DIV, and then the relevant financial intermediary firm will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. If you have any questions, or need additional information, please call us at 1-800-823-6300.

Portfolio data as of September 30, 2026, 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.

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, Inc. (NYSE: LAZ), LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of September 30, 2026, LAM and affiliated asset management companies in the Lazard Group managed $284.0 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com.

Media contact:	Investor contact:
Aziz Nayani, +1 212 632 6042	Ben Wulfsohn, +1 800 823 6300
aziz.nayani@lazard.com	ben.wulfsohn@lazard.com

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SOURCE Lazard Global Total Return and Income Fund, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is LGI's November 2026 distribution payable, and how much is it?

LGI's monthly distribution of $0.15340 per share is payable on November 24, 2026. Shareholders of record on November 10, 2026 qualify; the ex-dividend date is also November 10, 2026.

Does LGI's October 22, 2026 distribution include return of capital?

The October 22 payment has no estimated return of capital: its estimated sources are 13% net income and 87% realized long-term capital gains. Across fiscal-year-to-date distributions, however, estimated return of capital accounts for 34%.

Should LGI shareholders use the estimated distribution sources for tax reporting?

No; the estimated sources are not provided for tax reporting. Actual tax amounts and sources depend on investment experience during the remainder of the fiscal year and may change under tax regulations. The relevant financial intermediary will send shareholders a Form 1099-DIV showing how to report the distributions for federal income tax purposes.