- Lazard Global Total Return and Income Fund, Inc. (LGI, Financial) confirms a monthly distribution of $0.14646 per share.
- Distribution is payable on July 22, 2025, with an ex-dividend date of July 10, 2025.
- Components of distribution: net income, capital gains, and 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 outstanding common stock, as confirmed by the Fund's Managed Distribution Policy. This distribution is payable on July 22, 2025, to shareholders on record as of July 10, 2025, with the ex-dividend date set for July 10, 2025.
The distribution components are estimated as follows: 43% from net investment income, 3% from net realized short-term capital gains, 0% from net realized long-term capital gains, and 54% as a return of capital. This calculation is in accordance with generally accepted accounting principles in the US, which may vary from federal income tax regulations.
As of May 31, 2025, the Fund's average annual total return relating to NAV over a five-year period stands at 10.39%, with an annualized current distribution rate of 10.09% when expressed as a percentage of NAV. The Fund has noted that the distributions may exceed its net investment income and net realized capital gains, thus part of the distribution could constitute a return of capital.
For more detailed financial information, including asset allocation and top holdings, stakeholders can visit Lazard Asset Management's website. The Fund’s investment strategy focuses on total returns through capital appreciation and current income, investing predominantly in large companies and emerging market currencies.
Lazard Asset Management, an indirect subsidiary of Lazard, Inc. (LAZ), manages this Fund among its extensive portfolio worth $235.3 billion as of May 31, 2025. For further details, investors can contact Lazard through their official channels.
