An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
NEW YORK--(BUSINESS WIRE)--
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, as previously authorized by its Board of Directors pursuant to a Managed Distribution Policy, a monthly distribution of $0.09339, equivalent to 7% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2022 on the Fund's outstanding common stock. The distribution is payable on January 23, 2023, to shareholders of record on January 10, 2023. The ex-dividend date is January 9, 2023.
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), Lazard Asset Management ("LAM"), the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2022, LAM and affiliated asset management companies in the Lazard Group managed $221.0 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.
lazard asset management is known for its global perspective on investing and its experience with global, regional and domestic portfolios. we believe in fostering a culture of constant dialogue between teams. the resulting views bring us the unique, firsthand market insights that are the key to our long-term success. at lazard asset management having an entrepreneurial spirit means that our teams are independent, but supported by a central infrastructure. this central infrastructure allows teams to focus on what they do best. with over $222.3 billion in assets under management (as of december 31, 2017), we have offices located throughout the world in boston, dubai, dublin, frankfurt, geneva, hamburg, hong kong, london, milan, montreal, new york, san francisco, seoul, singapore, sydney, tokyo, toronto, and zurich.
