Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in October
MWN-AI** Summary
Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has officially declared a monthly distribution of $0.14770 per share, in alignment with its Managed Distribution Policy. This distribution is set to be payable on December 23, 2025, to shareholders on record as of December 11, 2025, with the ex-dividend date also falling on December 11, 2025.
The upcoming distribution comes on the heels of a previously declared payment made on November 24, 2025. Detailed estimates of the current distribution are provided, categorizing sources such as net investment income, net realized capital gains (both short-term and long-term), and return of capital. Notably, the current distribution breaks down as follows: $0.04407 per share from net income (30%), $0.00751 from short-term capital gains (5%), $0.09612 from long-term capital gains (65%), and no return of capital.
Over the fiscal year to date, the Fund has reported total cumulative distributions amounting to $1.61230 per share, further classified into the same categories—totaling $0.28602 from net income (18%), $0.04998 from short-term gains (3%), $0.96109 from long-term gains (59%), and $0.31521 from return of capital (20%).
Investors are advised that the Fund has distributed more than its net investment income and realized capital gains, indicating that a portion of the distribution may represent a return of capital—a return of original investment capital rather than profit. Thus, these distributions should not be equated with income or yield.
The Fund aims for total return through capital appreciation and current income, holding an array of 60 to 80 equity securities, including those from emerging markets. Portfolio data, performance, and other evaluations are available on Lazard Asset Management's website.
MWN-AI** Analysis
The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of $0.14770 per share, a clear signal of its commitment to deliver consistent returns to its shareholders. This distribution, aligned with the Fund’s Managed Distribution Policy, reflects ongoing financial performance despite broader market volatility. As shareholders await payout on December 23, 2025, there are several key metrics worth analyzing.
From the distribution breakdown, 65% is derived from net realized long-term capital gains, with only 30% from net income, which may indicate a shifting landscape in asset performance or an over-reliance on capital gains for income generation. The lack of return of capital in this distribution is a positive sign, reassuring investors that the cash flow remains strong, drawing primarily from investment profits rather than drawing down on initial investments.
With an annualized current distribution rate of 9.58% as of October 31, 2025, LGI appears attractive in a low-interest-rate environment, outperforming many fixed-income alternatives. The cumulative total return for the fiscal year has reached 14.30%, underscoring the Fund's strong performance relative to its peers. This may present an opportunity for investors seeking income with potential capital appreciation, particularly given the Fund's diversified portfolio, which spans both U.S. and non-U.S. equities, including positions in emerging markets.
However, prospective investors should remain cautious. The warning that distributions may exceed investment income highlights potential sustainability risks. As market conditions continue to evolve, keeping an eye on the balance between capital gains and net income generation will be crucial for maintaining the Fund's distribution integrity. Long-term investors may find value in LGI but should consider monitoring its distribution sources closely to ensure alignment with their investment goals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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 $0.14770 per share on the Fund’s outstanding common stock. The distribution is payable on December 23, 2025, to shareholders of record on December 11, 2025. The ex-dividend date is December 11, 2025.
The Fund will pay a previously declared distribution today, November 24, 2025. 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 | $0.04407 | 30% | $0.28602 | 18% |
Net Realized Short-Term Capital Gains | $0.00751 | 5% | $0.04998 | 3% |
Net Realized Long-Term Capital Gains | $0.09612 | 65% | $0.96109 | 59% |
Return of Capital | $0.00000 | 0% | $0.31521 | 20% |
Total | $0.14770 | 100% | $1.61230 | 100% |
Average annual total return (in relation to NAV) for the 5-year period ending on October 31, 2025 | 10.52% |
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2025 | 9.58% |
Cumulative total return (in relation to NAV) for the fiscal year through October 31, 2025 | 14.30% |
Cumulative fiscal year distributions as a percentage of NAV as of October 31, 2025 | 7.91% |
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.
Portfolio data as of October 31, 2025, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management's ("LAM") website, www.LazardAssetManagement.com .
The Fund's investment objective is total return, consisting of capital appreciation and current income. The Fund's net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.
An indirect subsidiary of Lazard, Inc. (NYSE: LAZ), LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of October 31, 2025, LAM and affiliated asset management companies in the Lazard Group managed $267.8 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com . Follow LAM at @LazardAsset.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251124876026/en/
Media:
Felicia Finney, +1 212 632 6710
felicia.finney@lazard.com
Investors:
Ben Wulfsohn, +1 800 823 6300
ben.wulfsohn@lazard.com
FAQ**
What factors contributed to the Lazard Global Total Return and Income Fund (LGI) achieving an average annual total return of 10.52% over the past five years ending October 32025?
How does the current distribution rate of 9.58% for the Lazard Global Total Return and Income Fund (LGI) compare to its performance in previous fiscal years?
Considering that a portion of the Lazard Global Total Return and Income Fund (LGI) distribution may be a return of capital, how should investors interpret this in relation to the Fund’s overall investment performance?
What strategies does Lazard Global Total Return and Income Fund (LGI) employ to navigate emerging market investments while managing risks associated with currency fluctuations?
**MWN-AI FAQ is based on asking OpenAI questions about Lazard Global Total Return and Income Fund (NYSE: LGI).
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