Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount
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managed distribution policyfinancial
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.
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American Depository Receipts (ADRs) are certificates issued by a U.S. bank that represent ownership of shares in a foreign company, allowing those shares to trade on U.S. exchanges in dollars. They matter to investors because they make it easier to buy, sell and receive dividends from foreign firms without dealing with foreign exchanges or currencies, while still carrying risks like exchange-rate swings and differing foreign regulations.
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Structured notes are investment contracts issued by banks that combine a regular loan-like component with a payment formula tied to the performance of stocks, indexes, interest rates or other assets. Think of them as a customized financial recipe: they can offer higher potential returns or partial downside protection compared with a plain bond, but those benefits depend on complex terms and the issuer’s ability to pay. Investors should care because structured notes mix market exposure with issuer credit risk, limited liquidity and fees, so outcomes can be hard to predict and may differ from plain stock or bond investments.
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 $0.1534, equivalent to 10% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2025 on the Fund's outstanding common stock. The distribution is payable on January 22, 2026 to shareholders of record on January 12, 2026. The ex-dividend date is January 12, 2026.
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, 2025, LAM and affiliated asset management companies in the Lazard Group managed $250.8 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.
