Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in July
Rhea-AI Summary
Lazard Global Total Return and Income Fund (NYSE: LGI) confirmed a monthly distribution of $0.15340 per share on its common stock under its Managed Distribution Policy. The distribution is payable on September 22, 2026, to shareholders of record on and ex-dividend date September 10, 2026. The Fund is also paying a previously declared distribution on August 21, 2026.
According to the Fund, the current distribution is estimated to consist of $0.04727 net investment income (31%), $0.05904 net realized long-term capital gains (38%), and $0.04709 return of capital (31%). Fiscal year-to-date distributions total $1.22720 per share, comprising 12% net income, 36% long-term gains and 52% return of capital. As of July 31, 2026, the Fund reports a 5-year average annual total return on NAV of 5.77%, an annualized current distribution rate of 10.04% of NAV, and a fiscal year-to-date total return and distribution level each equal to 5.86% of NAV.
Positive
- Monthly distribution declared $0.15340 per share payable September 22, 2026
- 69% of current payout from net investment income and long-term capital gains
- Fiscal YTD distributions total $1.22720 per share through July 31, 2026
- 5-year average annual total return 5.77% on NAV as of July 31, 2026
- Lazard Asset Management AUM $286.9 billion as of July 31, 2026
Negative
- Return of capital 31% of current distribution and 52% of fiscal YTD distributions
- Distributions estimated to exceed net investment income and net realized capital gains
- Annualized distribution rate 10.04% of NAV vs 5.77% 5-year average total return
News Market Reaction – LGI
In the Aug 24 session, LGI gained 0.49%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 22 | Monthly distribution | Positive | -1.1% | Declared $0.15340 monthly distribution with 59% estimated return of capital |
| Jun 23 | Monthly distribution | Positive | +0.5% | Declared $0.15340 distribution with 84% estimated long-term gains |
| May 22 | Monthly distribution | Positive | +0.9% | Declared $0.15340 monthly distribution with $0.7670 fiscal-year distributions |
| Apr 22 | Monthly distribution | Positive | -0.6% | Declared $0.15340 distribution with 70% estimated return of capital |
| Mar 23 | Monthly distribution | Positive | -0.5% | Declared $0.15340 distribution with 72% estimated return of capital |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The five prior monthly distribution announcements produced mixed 24-hour reactions, ranging from -1.1% to 0.94%.
Key Terms
managed distribution policy financial
ex-dividend date financial
return of capital financial
net realized long-term capital gains financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Fund will pay a previously declared distribution today, August 21, 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 | 31 % | 12 % | ||
Net Realized Short-Term Capital Gains | 0 % | 0 % | ||
Net Realized Long-Term Capital Gains | 38 % | 36 % | ||
Return of Capital | 31 % | 52 % | ||
Total | 100 % | 100 % |
Average annual total return (in relation to NAV) for the 5-year period ending on July 31, 2026 | 5.77 % |
Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2026 | 10.04 % |
Cumulative total return (in relation to NAV) for the fiscal year through July 31, 2026 | 5.86 % |
Cumulative fiscal year distributions as a percentage of NAV as of July 31, 2026 | 5.86 % |
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 July 31, 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 July 31, 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.