Welcome to our dedicated page for Lazard Glb Total Return & Income news (Ticker: LGI), a resource for investors and traders seeking the latest updates and insights on Lazard Glb Total Return & Income stock.
Lazard Global Total Return & Income Fund, Inc. (NYSE: LGI) is a diversified, closed-end management investment company with an investment objective of total return, consisting of capital appreciation and current income. News about LGI often centers on its regular monthly distributions and the details of its Managed Distribution Policy, which is authorized by the fund’s Board of Directors.
On this page, readers can follow LGI news related to declared distribution amounts, payment dates, record dates, and ex-dividend dates for the fund’s common stock. The fund regularly publishes notices that break down each distribution into estimated components, including net investment income, net realized short-term and long-term capital gains, and return of capital. These updates also explain how the distribution rates relate to the fund’s net asset value and historical total return figures, based on accounting principles generally accepted in the United States.
Company announcements frequently highlight that a portion of LGI’s distributions may represent return of capital when the fund has distributed more than its net investment income and realized capital gains. The news releases clarify that such return of capital does not necessarily reflect investment performance and should not be confused with yield or income. They also remind shareholders that the amounts and sources disclosed are estimates and may differ from the final tax reporting shown on Form 1099-DIV.
Investors and analysts who track LGI can use this news feed to monitor how the fund applies its Managed Distribution Policy over time and how its distribution composition evolves. Regular updates also reference portfolio data and the role of Lazard Asset Management, the fund’s investment manager, providing context for how the fund’s global equity, emerging market currency, and debt exposures support its total return objective.
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The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of
Lazard Global Total Return and Income Fund (NYSE: LGI) has elected to be subject to the Maryland Control Share Acquisition Act (MCSAA) to protect the interests of its stockholders. This law limits the voting rights of holders of 'control shares' above 10% unless approved by other stockholders. The move aims to prevent undue influence from single stockholders seeking short-term gains, ensuring long-term value for all stockholders. As of November 30, 2021, Lazard's investment manager, LAM, managed $267.4 billion in client assets, highlighting its significant market presence.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution rate of 7.0% based on the Fund's net asset value as of December 31, 2021.
This distribution is payable on January 21, 2022, to shareholders of record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund primarily invests in a diversified portfolio of US and non-US equity securities and may include emerging markets.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a distribution of
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE: LGI) has declared a monthly distribution of
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