The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the
"Fund") (NYSE:LOR) has authorized the Fund to declare
today, pursuant to a level distribution policy, a monthly distribution
equal to, on an annualized basis, 6.5% of the Fund’s net asset value per
share as of the close of markets on December 31, 2015 on the Fund’s
outstanding common stock. The distribution is payable on January 22,
2016 to shareholders of record on January 12, 2016. The ex-dividend date
is January 8, 2016.
Portfolio data as of November 30, 2015, 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.LazardNet.com.
Additionally, any notices required by Section 19(a) of the Investment
Company Act of 1940, as amended, which provides information regarding
the respective estimated amounts of each monthly distribution derived
from net investment income, net realized capital gains (short- and
long-term) and return of capital, will also be available on www.LazardNet.com.
The Fund’s objective is total return, through a combination of
dividends, income, and capital appreciation. The Fund’s net assets are
invested in a portfolio of approximately 60 to 90 world equity
securities, consisting primarily of stocks selected from the current
holdings of other accounts managed by LAM. The equity portfolio is
broadly diversified in both developed and emerging market countries and
across the capitalization spectrum. The Fund seeks enhanced income by
investing in short duration (typically less than one year) emerging
market forward currency contracts and other emerging market debt
instruments.
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s
investment manager, offers a range of equity, fixed-income, and
alternative investment products worldwide. As of September 30, 2015, LAM
and affiliated asset management companies in the Lazard Group managed
$183 billion worth of client assets. For more information about LAM,
please go to www.LazardNet.com.
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