Lazard Global Total Return and Income Fund Announces Increased Monthly Distribution
29 6월 2024 - 5:30AM
Business Wire
Lazard Global Total Return and Income Fund, Inc. (the "Fund")
(NYSE:LGI) is announcing that its Board of Directors has
authorized an increase in the monthly distribution to shareholders,
pursuant to the Fund’s Managed Distribution Policy. Beginning with
the distribution payable on July 22, 2024 to shareholders of record
on July 11, 2024, which was previously announced on June 24, 2024,
the Fund will pay, on a monthly basis, a distribution equal to, on
an annualized basis, 10% of the Fund’s net asset value per share as
of the close of markets on December 31, 2023 on the Fund’s
outstanding common stock, or $0.14941 per share. The ex-dividend
date is July 11, 2024.
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 May 31, 2024, 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 $2
billion, and may include investments in emerging markets. The Fund
also invests in emerging market currencies (primarily by entry into
forward currency contracts), or instruments whose value is derived
from the performance of an underlying emerging market currency, and
also may invest in debt obligations, including government,
government agency and corporate obligations and structured notes
denominated in emerging market currencies.
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 May 31, 2024,
LAM and affiliated asset management companies in the Lazard Group
managed $245.0 billion worth of client assets. For more information
about LAM, please go to www.LazardAssetManagement.com. Follow LAM
at @LazardAsset.
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version on businesswire.com: https://www.businesswire.com/news/home/20240628442296/en/
Media contact: Aziz Nayani, +1 212 632 6042
aziz.nayani@lazard.com Investor contact: Ben Wulfsohn, +1 800 823
6300 ben.wulfsohn@lazard.com
Lazard Global Total Retu... (NYSE:LGI)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Lazard Global Total Retu... (NYSE:LGI)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024