Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in June
Rhea-AI Summary
Lazard Global Total Return and Income Fund (NYSE: LGI) confirmed a monthly distribution of $0.15340 per share under its Managed Distribution Policy. The distribution is payable on August 21, 2026 to shareholders of record and ex-dividend on August 10, 2026.
According to the Fund, the current distribution is estimated to consist of $0.06242 (41%) net realized long-term capital gains and $0.09098 (59%) return of capital, with no net investment income or short-term gains. Fiscal year-to-date distributions total $1.07380 per share, including 9% from net income, 36% from net realized long-term gains, and 55% from return of capital.
As of June 30, 2026, the Fund reports a 5-year average annual total return on NAV of 5.95%, an annualized current distribution rate of 10.08% of NAV, a fiscal year-to-date total return on NAV of 4.56%, and cumulative fiscal-year distributions equal to 5.04% of NAV. Lazard Asset Management, an indirect subsidiary of Lazard (NYSE: LAZ) and the Fund's manager, reports $284.7 billion in client assets under management as of the same date.
Positive
- $0.15340 monthly distribution confirmed for August 2026
- Fiscal year-to-date distributions total $1.07380 per share
- 5-year average annual total return on NAV reported at 5.95%
- Fiscal year-to-date total return on NAV at 4.56% through June 30, 2026
- Lazard Asset Management AUM of $284.7 billion as of June 30, 2026
Negative
- Current distribution estimated to be 59% return of capital
- Fiscal year-to-date distributions estimated at 55% return of capital
- Annualized current distribution rate equals 10.08% of NAV
- Fund estimates distributions exceed net investment income and net realized capital gains
News Market Reaction – LGI
In the Jul 23 session, LGI declined 1.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Fund will pay a previously declared distribution today, July 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 | Total Cumulative | % of the Total Cumulative | |
Net Income | 0 % | 9 % | ||
Net Realized Short- | 0 % | 0 % | ||
Net Realized Long- | 41 % | 36 % | ||
Return of Capital | 59 % | 55 % | ||
Total | 100 % | 100 % |
| 5.95 % |
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2026 | 10.08 % |
Cumulative total return (in relation to NAV) for the fiscal year through June 30, 2026 | 4.56 % |
Cumulative fiscal year distributions as a percentage of NAV as of June 30, 2026 | 5.04 % |
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 June 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
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 June 30, 2026, LAM and affiliated asset management companies in the Lazard Group managed
Media contact: | Investor contact: |
Aziz Nayani, +1 212 632 6042 | Ben Wulfsohn, +1 800 823 6300 |
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SOURCE Lazard Global Total Return and Income Fund, Inc.