Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI)
is confirming today, pursuant to its level distribution policy, as
previously authorized by its Board of Directors, a monthly distribution
of $0.07948, equivalent to 6.25% (annualized) 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.
The Fund’s objective is total return, consisting of capital appreciation
and current income. The Fund seeks to achieve its objective by primarily
investing in a portfolio of approximately 35 to 45 equity securities
with a market capitalization of at least $5 billion at the time of
purchase that are domiciled in those countries that comprise the MSCI
World Index. The Fund seeks enhanced income by investing in short
duration (typically below 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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