Lazard Global Total Return and Income Fund Confirms Monthly Distribution and Details Sources
Lazard Global Total Return and Income Fund Announces Monthly Distribution
On April 22, 2026, Lazard Global Total Return and Income Fund, Inc. (traded as NYSE: LGI) officially announced a monthly distribution as part of its Managed Distribution Policy authorized by the Board of Directors. The Fund confirmed that it will distribute $0.15340 per share on its outstanding common stock. This distribution will be paid out on May 22, 2026, to shareholders of record as of May 11, 2026. Notably, May 11, 2026, also marks the ex-dividend date.
In conjunction with this release, the Fund has declared other distributions earlier in the day. Detailed estimates regarding sources of the current distribution, as well as comprehensive cumulative distributions since the start of the fiscal year, have been provided. These figures include the distribution amount from various sources such as net investment income, realized capital gains, and return of capital, as outlined below:
| Source of Distribution | Amount per Share | % of Total Distribution | Total Cumulative Distributions for Fiscal Year YTD | % of Total Cumulative Distributions for Fiscal Year YTD |
|---|---|---|---|---|
| ---------- | ----- | ----- | ----------- | ----------- |
| Net Investment Income | $0.00462 | 3% | $0.02779 | 5% |
| Net Realized Short-Term Capital Gains | $0.00831 | 5% | $0.00831 | 1% |
| Net Realized Long-Term Capital Gains | $0.03318 | 22% | $0.10775 | 17% |
| Return of Capital | $0.10729 | 70% | $0.46975 | 77% |
| Total | $0.15340 | 100% | $0.61360 | 100% |
It is essential for investors to note that the amounts distributed are estimates and not representative of the Fund's overall investment performance. As such, the distributions may include return of capital, which occurs when some or all capital initially invested is disbursed back to shareholders. Such returns of capital do not necessarily correlate with the Fund's operational earnings and should not be misconstrued as yield or income.
The assets of the Lazard Fund, as managed by Lazard Asset Management (LAM), are designed for total return, comprising both capital appreciation and current income. Specifically, the Fund's net assets are strategically allocated across a diverse portfolio of approximately 60 to 80 equity securities, including American Depository Receipts, primarily from companies boasting market capitalizations greater than $2 billion. The Fund also possesses investments in emerging markets and currencies, supplemented by various debt obligations including government, agency, and corporate bonds denominated in emerging currencies.
As of March 31, 2026, LAM and its associated asset management subsidiaries managed an impressive $259.2 billion in client assets globally. Investors are encouraged to visit Lazard Asset Management's website for additional pertinent portfolio data, including performance metrics and detailed fund characteristics.
For investor inquiries, Lazard can be contacted at 1-800-823-6300. Furthermore, the reported distribution information serves as an essential guide for tax reporting, as the exact amounts and sources for that purpose will depend on the Fund's investment outcomes as the fiscal year progresses.
Conclusion
The announcement from Lazard Global Total Return and Income Fund reflects its commitment to sustained engagement with its investors through regular distributions, backed by transparent disclosure regarding the sources and composition of these payments. This aligns with best practices in the investment community, ensuring that shareholders remain informed about the financial health and performance expectations of their investments.
Topics Financial Services & Investing）
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