Lazard Global Total Return and Income Fund Confirms New Distribution

Lazard Global Total Return and Income Fund Confirms New Distribution

NEW YORK--(BUSINESS WIRE)-- Lazard Global Total Return and Income Fund, Inc. (the "Fund") is confirming today, pursuant to its level distribution policy, as previously authorized by its Board of Directors, a monthly distribution of $0.09073, equivalent to 6.25% of the Fund's net asset value per share as of the close of markets on December 30, 2012 on the Fund's outstanding common stock. The next distribution is payable January 23, 2013 to shareholders of record on January 11, 2013. The ex-dividend date is January 9, 2013.


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 (NYS: LAZ) , LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of September 30, 2012, LAM and affiliated asset management companies in the Lazard Group managed $160 billion worth of client assets. For more information about LAM, please go to www.LazardNet.com.

anImage


Lazard Global Total Return and Income Fund, Inc.
Media:
Judi Mackey, +1 212-632-1428
judi.mackey@lazard.com
or
Investor:
Ben Wulfsohn, +1 800-823-6300
ben.wulfsohn@lazard.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Lazard Global Total Return and Income Fund Confirms New Distribution originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Finding Stock Ideas

Learn to do your research and find investments.

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

Add a Comment

*0 / 3000 Character Maximum