Lazard Global Total Return and Income Fund, Inc. Announces Monthly Distribution, Payable on February 21, 2014
January 16, 2014 at 05:50 pm IST
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The board of directors of Lazard Global Total Return and Income Fund Inc. approved a monthly common stock distribution of USD 0.10386 per share on the outstanding stock. With an ex-dividend date of 10 February 2014, the distribution will be paid on 21 February 2014, to shareholders of record on 12 February 2014.
Lazard Global Total Return and Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is total return, consisting of capital appreciation and income. The Fund seeks to achieve its objective by investing in a portfolio of approximately 60-80 United States and non-United States equity securities, generally with a market cap of $2 billion or greater, at the time of purchase, and may invest in emerging markets. It seeks enhanced income by investing in short duration (typically below one year) emerging market forward currency contracts and other emerging market debt instruments. It invests in various sectors, including communication services, consumer discretionary, consumer staples, financials, healthcare, industrials, information technology, materials, sovereign debt and short-term investments.