Lazard Global Total Return and Income Fund Confirms Monthly Distribution
In a recent press release, Lazard Global Total Return and Income Fund, Inc. (LGI) announced the confirmation of its monthly distribution of $0.14646 per share for its outstanding common stock. This distribution is payable on March 21, 2025, to shareholders of record as of March 10, 2025. The ex-dividend date is also March 10, 2025.
What Does This Mean for Shareholders?
For shareholders of Lazard Global Total Return and Income Fund, this distribution represents a regular income stream from their investment. The Fund’s Managed Distribution Policy allows for a consistent payout to shareholders, regardless of the Fund’s investment income. This can be an attractive feature for income-focused investors.
Impact on the Wider Market
The confirmation of this distribution by Lazard Global Total Return and Income Fund may not have a significant impact on the wider market. However, it could potentially influence other income-focused funds to follow suit with their own distributions. This could lead to a ripple effect, with more income-focused funds announcing their distributions, providing a boost to the income-focused sector.
Additional Information
- The Fund’s total assets under management are approximately $39.8 billion.
- The Fund’s net asset value was $26.75 per share as of February 28, 2025.
- The Fund’s primary investment objective is to provide a high level of income. Income may be in the form of interest, dividends, and capital gains.
Conclusion
The confirmation of a monthly distribution by Lazard Global Total Return and Income Fund is positive news for its shareholders, providing them with a regular income stream. The impact on the wider market may be minimal, but it could potentially lead to a ripple effect, with other income-focused funds announcing their distributions. For income-focused investors, this announcement reinforces the attractiveness of this sector as a source of regular income.
As always, investors should carefully consider their investment objectives, risk tolerance, and other factors before investing in any fund. It is recommended that they consult with their financial advisor before making any investment decisions.
Disclosure: The author does not own any shares of Lazard Global Total Return and Income Fund, Inc.
