ay. In addition, the Fund has declared an extra distribution of $0.0245 per share on its common stock, also payable on February 22, 2024 to shareholders of record on February 13, 2024. The ex-dividend date for the extra distribution is also February 12, 2024.
Lazard Global Total Return and Income Fund, Inc. is a diversified, closed-end management investment company managed by Lazard Asset Management LLC. The Fund’s objective is to provide total return through a combination of capital appreciation and current income. The Fund seeks to achieve its investment objective by investing in a portfolio of global equity and fixed income securities and utilizing an options overlay and other derivative instruments to enhance income. The Fund also employs leverage through borrowing to seek to enhance distributions.
The Fund’s Managed Distribution Policy provides for fixed monthly distributions to shareholders of common stock at a target annual distribution rate of 7% and will continue in effect unless the Board of Directors determines that a change is in the best interests of the Fund’s shareholders. The Fund’s distribution rate may be affected by numerous factors, including changes in realized and projected market returns, fund performance, and other factors. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Managed Distribution Policy.
The declaration of dividends is subject to the discretion of the Fund’s Board of Directors and will depend on the Fund’s earnings, its investment performance, market conditions, and other factors. Shareholders should not assume that the source of a distribution from the Fund is net profit or taxable income.
The Fund’s investment objective is to provide total return through capital appreciation and current income. The Fund will seek to achieve its investment objective by investing in a diversified portfolio of global equity and fixed income securities. Additionally, the Fund will utilize an options overlay and other derivative instruments to enhance income. The Fund may also use leverage through borrowing to seek to enhance distributions.
In conclusion, Lazard Global Total Return and Income Fund, Inc. has confirmed its monthly distribution of $0.10459 per share on its outstanding common stock, payable on February 22, 2024 to shareholders of record on February 13, 2024, with an ex-dividend date of February 12, 2024. The Fund has also declared an extra distribution of $0.0245 per share, also payable on February 22, 2024 to shareholders of record on February 13, 2024, with an ex-dividend date of February 12, 2024. Shareholders should note that the source of the Fund’s distributions may not be net profit or taxable income, and should not draw conclusions about the Fund’s investment performance from the amount of the Fund’s distributions. Thank you for your continued support of Lazard Global Total Return and Income Fund, Inc.
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