- Lazard Global Total Return and Income Fund (LGI, Financial) announces a monthly distribution of $0.14646 per share.
- The distribution will be paid on June 24, 2025, with an ex-dividend date of June 10, 2025.
- The distribution sources include net realized capital gains and return of capital.
The Lazard Global Total Return and Income Fund, Inc. (LGI) has confirmed a monthly distribution of $0.14646 per share as part of its Managed Distribution Policy. This distribution, authorized by the Fund's Board of Directors, is scheduled to be disbursed on June 24, 2025, to shareholders recorded as of June 10, 2025. The ex-dividend date is also set for June 10, 2025.
The breakdown of this current distribution reveals that 13% comes from net realized short-term capital gains, 71% from net realized long-term capital gains, and 16% from return of capital. As of April 30, 2025, the Fund's average annual total return since inception is 7.13%, with a five-year period return of 10.42%. The annualized current distribution rate stands at 10.47% of the net asset value (NAV).
Investors should note that the Fund estimates it has distributed more than its net investment income and capital gains, indicating a portion of the distribution may be a return of capital. A return of capital may occur when some or all of the investor's initial investment is returned, which does not necessarily indicate the Fund’s performance. The actual amounts for tax reporting will be determined later, with Form 1099-DIV issued for federal income tax purposes.
The Fund, managed by Lazard Asset Management, invests in a diversified portfolio of U.S. and non-U.S. equity securities, including emerging market investments. The investment objective focuses on total return, combining capital appreciation and current income.
