Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in September
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NEW YORK, October 22, 2024--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund’s outstanding common stock. The distribution is payable on November 22, 2024 to shareholders of record on November 12, 2024. The ex-dividend date is November 12, 2024.
The Fund will pay a previously declared distribution today, October 22, 2024. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today’s distribution, from the following sources: net investment income, net realized capital gains (short-term and long-term), and return of capital. All amounts are expressed per share of common stock and are based on accounting principles generally accepted in the US, which may differ from federal income tax regulations.
| Current Distribution | % of the Current Distribution | Total Cumulative Distributions for the Fiscal Year to Date | % of the Total Cumulative Distributions for the Fiscal Year to Date | |
| Net Income | $0.00000 | 0% | $0.00000 | 0% |
| Net Realized Short-Term Capital Gains | $0.00000 | 0% | $0.00000 | 0% |
| Net Realized Long-Term Capital Gains | $0.14941 | 100% | $0.71369 | 58% |
| Return of Capital | $0.00000 | 0% | $0.51149 | 42% |
| Total | $0.14941 | 100% | $1.22518 | 100% |
| Average annual total return (in relation to NAV) for the 5-year period ending on September 30, 2024 | 10.28% | |
| Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2024 | 9.40% | |
| Cumulative total return (in relation to NAV) for the fiscal year through September 30, 2024 | 12.79% | |
| Cumulative fiscal year distributions as a percentage of NAV as of September 30, 2024 | 5.64% |
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Policy.
The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of your distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income".
The amounts and sources of distributions reported above are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund provides financial intermediary firms the information necessary to produce the Form 1099-DIV, and then the relevant financial intermediary firm will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. If you have any questions, or need additional information, please call us at 1-800-823-6300.