Lazard Global Total Return and Income Fund Announces Monthly Distribution
NEW YORK–(Business Wire)–The Lazard Global Total Return and Income Fund, Inc. (LGI) has announced that it will make a monthly distribution of $0.14646 per share on its outstanding common stock. This distribution, which is payable on April 22, 2025, is being made pursuant to the Fund’s Managed Distribution Policy, as previously authorized by its Board of Directors.
Details of the Distribution
Shareholders of record on April 10, 2025, will receive the distribution. The ex-dividend date is also April 10, 2025. It’s important to note that the Fund will pay a previously declared distribution today, March 31, 2025.
Impact on Individual Investors
For individual investors holding shares of Lazard Global Total Return and Income Fund, this distribution represents a regular income stream. This income can be used for various purposes such as meeting living expenses, reinvesting in the Fund, or other financial goals. The consistent income from the Fund can help provide financial stability and peace of mind for investors.
Impact on the Global Economy
The distribution made by Lazard Global Total Return and Income Fund is just one piece of the larger financial puzzle. Distributions from various investment funds, including mutual funds and exchange-traded funds, contribute significantly to the global economy. These distributions provide income for millions of investors, many of whom use the money to spend, save, or invest further. In turn, this spending and investing can help fuel economic growth.
Conclusion
The Lazard Global Total Return and Income Fund’s announcement of a monthly distribution of $0.14646 per share is an important development for the Fund’s shareholders. This distribution provides a regular income stream that can be used for various purposes. Furthermore, the distribution is one piece of the larger puzzle, contributing to the global economy by providing income for millions of investors. Overall, the distribution represents a positive development for both individual investors and the global economy.
- Lazard Global Total Return and Income Fund announces monthly distribution of $0.14646 per share
- Payable on April 22, 2025, to shareholders of record on April 10, 2025
- Distribution is part of the Fund’s Managed Distribution Policy
- Individual investors receive a regular income stream from the distribution
- Distributions from investment funds contribute significantly to the global economy
