Welcome to our dedicated page for Lazard Global Total Return and Income Fund news (Ticker: LGI), a resource for investors and traders seeking the latest updates and insights on Lazard Global Total Return and Income Fund stock.
Lazard Global Total Return and Income Fund, Inc. (LGI) reports recurring distribution and portfolio updates as a NYSE-listed closed-end management investment company. The Fund's investment objective is total return, consisting of capital appreciation and current income.
News releases primarily cover monthly common-stock distributions under the Fund's Managed Distribution Policy, including Board authorization, record and payable dates, and estimated sources such as net investment income, realized capital gains, and return of capital. The Fund describes investments in U.S. and non-U.S. equities, American Depository Receipts, emerging market exposure, currency forwards, debt obligations, and structured notes. Lazard Asset Management serves as the Fund's investment manager.
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The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.12473 per share on its common stock. This distribution is set for payment on February 22, 2022, to shareholders of record from February 9, 2022. The ex-dividend date is February 8, 2022. As of December 31, 2021, the Fund's net assets are allocated across 60 to 80 US and non-US equities, focusing on companies with market capitalizations exceeding $2 billion. Lazard Asset Management manages assets totaling $273.7 billion.
The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of $0.12473 per share, representing a 7.0% annualized return based on the net asset value as of December 31, 2021. This distribution will be paid on January 21, 2022, to shareholders on record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund's goal is to achieve total return through capital appreciation and current income, investing in 60 to 80 US and non-US equity securities and emerging market currencies. As of November 30, 2021, Lazard Asset Management managed $267.4 billion in assets.