- Lazard Global Total Return and Income Fund (LGI, Financial) announces a monthly distribution of $0.14646 per share, to be paid on August 22, 2025.
- The fund's current distribution sources include 28% net income, 31% capital gains, and 41% return of capital.
- Lazard Asset Management manages $248.4 billion in client assets as of June 2025.
Lazard Global Total Return and Income Fund, Inc. (LGI) has declared a monthly distribution of $0.14646 per share on its common stock, according to its Managed Distribution Policy. Shareholders of record on August 11, 2025, will receive the distribution on August 22, 2025. The ex-dividend date is set for August 11, 2025.
The distribution sources for the current payout are estimated as follows: 28% from net investment income ($0.04055 per share), 31% from net realized capital gains (including 3% short-term and 28% long-term gains), and 41% from return of capital ($0.06046 per share). These figures contribute to a total cumulative distribution of $1.02522 per share for the fiscal year to date.
The fund has realized an average annual total return of 10.76% over the five-year period ending June 30, 2025, compared to a cumulative total return of 6.82% for the fiscal year through June 30, 2025. The annualized current distribution rate stands at 9.84% of NAV, with cumulative fiscal year distributions accounting for 4.92% of NAV as of the same date.
Lazard Asset Management, the investment manager for the Fund and an indirect subsidiary of Lazard, Inc. (LAZ), offers a diverse range of investment products. As of June 30, 2025, LAM and its affiliates managed $248.4 billion in assets globally.
Investors are reminded that the amounts and sources of distributions reported are estimates and should not be considered final for tax reporting purposes. The actual tax reporting details will be sent through a Form 1099-DIV by the relevant financial intermediary.
