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Lazard Global Total Return & Income Fund - LGI STOCK NEWS

Welcome to our dedicated page for Lazard Global Total Return & Income Fund news (Ticker: LGI), a resource for investors and traders seeking the latest updates and insights on Lazard Global Total Return & Income Fund stock.

Lazard Global Total Return & Income Fund (LGI) is a diversified, closed-end management investment company based in the United States. It aims to achieve total return through a combination of capital appreciation and income. The fund boasts a portfolio that spans various sectors, including consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt, among others.

Lazard Asset Management, known for its global perspective and deep market insights, manages the fund. With over $222.3 billion in assets under management as of December 31, 2017, Lazard Asset Management operates in numerous financial hubs worldwide, including Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.

The company's unique approach involves fostering a culture of constant dialogue between teams, which results in firsthand market insights. Each team operates independently but is supported by a robust central infrastructure, allowing them to focus on their core competencies.

Recent achievements and current projects include strategic investments across various sectors, aimed at optimizing returns while managing risks effectively. The fund’s diversified portfolio and active management strategy make it a compelling option for investors seeking balanced growth and steady income.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.14941 per share on its outstanding common stock, payable on November 22, 2024 to shareholders of record on November 12, 2024. The distribution is 100% from Net Realized Long-Term Capital Gains.

The Fund's average annual total return for the 5-year period ending September 30, 2024, was 10.28%. The annualized current distribution rate is 9.40% of NAV. For the fiscal year through September 30, 2024, the Fund's cumulative total return was 12.79%, with cumulative fiscal year distributions at 5.64% of NAV.

The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests in a portfolio of 60 to 80 US and non-US equity securities, emerging market currencies, and debt obligations.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.14941 per share, payable on October 22, 2024, to shareholders of record on October 11, 2024. The distribution comprises 90% from net realized long-term capital gains and 10% return of capital. The Fund's average annual total return for the 5-year period ending August 31, 2024, is 10.07%, with an annualized current distribution rate of 9.48% of NAV.

The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests in a portfolio of 60 to 80 US and non-US equity securities, emerging market currencies, and debt obligations. As of August 31, 2024, Lazard Asset Management and affiliated companies managed $244.3 billion in client assets.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.14941 per share, payable on September 23, 2024, to shareholders of record on September 11, 2024. The distribution comprises 34% net realized long-term capital gains and 66% return of capital. The Fund's annualized current distribution rate is 9.70% of NAV as of July 31, 2024.

Key performance metrics include:

  • 5-year average annual total return: 8.98%
  • Fiscal year-to-date cumulative total return: 7.60%
  • Cumulative fiscal year distributions: 4.20% of NAV
The Fund's investment objective is total return, focusing on capital appreciation and current income. It invests in a diverse portfolio of US and non-US equity securities, emerging market currencies, and debt obligations.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed a monthly distribution of $0.14941 per share on its outstanding common stock, payable on August 22, 2024. The distribution is 100% sourced from net realized long-term capital gains. For the fiscal year to date, 38% of distributions came from long-term capital gains, while 62% was return of capital.

The Fund's 5-year average annual total return as of June 30, 2024, was 8.63%, with an annualized current distribution rate of 6.85% of NAV. The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests in a portfolio of 60-80 US and non-US equity securities, emerging market currencies, and debt obligations.

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Lazard Global Total Return and Income Fund (NYSE: LGI) has announced an increase in its monthly distribution to shareholders as per its Managed Distribution Policy.

Starting with the distribution payable on July 22, 2024, shareholders of record on July 11, 2024, will receive a monthly distribution equal to 10% of the Fund’s net asset value per share on an annualized basis, or $0.14941 per share. The Fund clarified that part of this distribution might be a return of capital, not necessarily indicative of investment performance.

Portfolio data as of May 31, 2024, is available on Lazard Asset Management's website. The Fund aims for total returns via capital appreciation and current income, investing in a diversified portfolio of 60-80 US and non-US equity securities and other instruments, including emerging market currencies and debt obligations.

Lazard Asset Management manages $245 billion in client assets as of May 31, 2024.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.10459 per share, payable on July 22, 2024, to shareholders of record on July 11, 2024. The distribution sources include net realized long-term capital gains, with no return from net investment income or short-term capital gains. The fund's annualized distribution rate is 6.84% of NAV, and the cumulative return for the fiscal year is 5.27%. The fund's investment strategy focuses on capital appreciation and current income through a diversified portfolio of US and non-US equity securities and emerging market investments. Financial intermediary firms will provide tax reporting details via Form 1099-DIV.

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Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.10459 per share, payable on June 24, 2024, to shareholders of record on June 11, 2024. The distribution is entirely a return of capital, as the Fund has distributed more than its net investment income and realized capital gains. The Fund's average annual total return for the 5-year period ending April 30, 2024, is 8.30%, with a current distribution rate of 7.06% and a cumulative total return for the fiscal year through April 30, 2024, of 1.43%. Investors are cautioned not to draw performance conclusions from the distribution amount.

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Lazard Global Total Return and Income Fund, Inc. (LGI) declares a monthly distribution of $0.10459 per share, payable on May 22, 2024. The distribution consists of return of capital. The Fund's 5-year average annual total return is 9.69%, with an annualized current distribution rate of 6.80% as of March 31, 2024.
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Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on April 22, 2024, to shareholders of record on April 11, 2024. The Fund also paid a distribution on March 22, 2024. The distribution consists of return of capital. The Fund's 5-year average annual total return is 9.76%.
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Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on March 22, 2024. The distribution comprises 100% return of capital. The fund's 5-year average annual total return is 9.58%, with a current distribution rate of 7.13% of NAV as of January 31, 2024.
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FAQ

What is the current stock price of Lazard Global Total Return & Income Fund (LGI)?

The current stock price of Lazard Global Total Return & Income Fund (LGI) is $17.16 as of November 8, 2024.

What is the market cap of Lazard Global Total Return & Income Fund (LGI)?

The market cap of Lazard Global Total Return & Income Fund (LGI) is approximately 223.0M.

What is the primary objective of Lazard Global Total Return & Income Fund?

The primary objective is to achieve total return consisting of capital appreciation and income.

What sectors does the fund invest in?

The fund invests in sectors like consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt.

Who manages Lazard Global Total Return & Income Fund?

Lazard Asset Management manages the fund.

How much in assets does Lazard Asset Management oversee?

As of December 31, 2017, Lazard Asset Management oversees $222.3 billion in assets.

Where are Lazard Asset Management’s offices located?

Offices are located in Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.

What is the fund's approach to management?

The fund fosters a culture of constant dialogue between independent teams, supported by a central infrastructure.

What recent achievements has the fund made?

Recent achievements include strategic investments across various sectors to optimize returns and manage risks.

What makes Lazard Global Total Return & Income Fund unique?

Its diversified portfolio and active management strategy make it a compelling option for balanced growth and steady income.

How does the fund generate income?

The fund generates income through strategic investments in various sectors and active management.

Is the fund suitable for long-term investment?

Yes, the fund's diversified portfolio and strategic approach are designed for long-term capital appreciation and income.

Lazard Global Total Return & Income Fund

NYSE:LGI

LGI Rankings

LGI Stock Data

223.04M
13.01M
33.78%
0.17%
Asset Management
Financial Services
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United States of America
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