Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in February
Rhea-AI Summary
Lazard Global Total Return and Income Fund (NYSE:LAZ) declared a monthly distribution of $0.15340 per share, payable April 22, 2026, to shareholders of record April 10, 2026 (ex-dividend April 10, 2026). The Fund paid a previously declared distribution today, March 23, 2026.
The Fund estimates the current distribution sources per share as: Net income $0.01796 (12%), Net long-term gains $0.02486 (16%), and Return of capital $0.11058 (72%). Fiscal year-to-date cumulative distributions per share are $0.46020 with return of capital comprising $0.36246 (79%) of that amount.
Performance metrics: 5-year average annual total return (NAV) 8.12%; annualized current distribution rate of 9.85% of NAV as of February 28, 2026. These source amounts are estimates and not final tax reporting figures.
Positive
- Monthly distribution of $0.15340 per share declared
- Annualized distribution rate of 9.85% of NAV as of Feb 28, 2026
- Five-year average total return (NAV) of 8.12%
Negative
- Return of capital composes 72% of the current distribution ($0.11058)
- Cumulative return of capital is $0.36246, 79% of fiscal YTD distributions ($0.46020)
- Distribution sources are estimated and not final for tax reporting
News Market Reaction – LGI
On the day this news was published, LGI declined 0.47%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Fund will pay a previously declared distribution today, March 23, 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 | 12 % | 5 % | ||
Net Realized Short- | 0 % | 0 % | ||
Net Realized Long- | 16 % | 16 % | ||
Return of Capital | 72 % | 79 % | ||
Total | 100 % | 100 % |
Average annual total return (in relation to NAV) for the 5-year period ending on February 28, 2026 | 8.12 % |
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2026 | 9.85 % |
Cumulative total return (in relation to NAV) for the fiscal year through February 28, 2026 | 3.36 % |
Cumulative fiscal year distributions as a percentage of NAV as of February 28, 2026 | 1.64 % |
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 February 28, 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 February 28, 2026, LAM and affiliated asset management companies in the Lazard Group managed
Media contact: | Investor contact: |
Felicia Finney, +1 212 632 6710 | Ben Wulfsohn, +1 800 823 6300 |
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SOURCE Lazard Global Total Return and Income Fund, Inc.
FAQ
What distribution did Lazard Global Total Return and Income Fund (LAZ) declare on March 23, 2026?
How much of LAZ's March 2026 distribution is return of capital versus income?
Will the distribution breakdown from LAZ on March 23, 2026 be used for tax reporting?
