- Lazard Global Total Return and Income Fund (LGI, Financial) declares a monthly distribution of $0.14646 per share.
- The distribution will be paid on May 22, 2025, to shareholders of record as of May 12, 2025.
- 62% of the distribution is classified as return of capital.
The Lazard Global Total Return and Income Fund, Inc. (LGI) has announced a monthly distribution of $0.14646 per share on its common stock. This payout is scheduled for May 22, 2025, with a record date of May 12, 2025, and ex-dividend date coinciding with the record date.
The breakdown of the current distribution is as follows: 62% ($0.09019 per share) is identified as return of capital, while the remainder comes from net realized long-term capital gains. This highlights the Fund's strategic management of resources beyond its net investment income and capital gains.
For the 5-year period ending March 31, 2025, LGI reported an average annual total return of 12.63% in relation to its Net Asset Value (NAV), showcasing strong performance. As of March 31, 2025, the Fund's annualized distribution rate stands at 10.39% of NAV.
Managed by Lazard Asset Management, an indirect subsidiary of Lazard, Inc. (LAZ), the Fund invests in a diversified portfolio of 60 to 80 US and international equity securities, emphasizing companies with market capitalizations over $2 billion. It also engages in emerging market currencies and debt obligations, aligning with its total return objective.
