LGI: A NAV-Driven Equity CEF, Not An Income Fund

2026-01-12 07:40:49 ET

Introduction

In a recent article , I discussed Cohen & Steers Select Preferred and Income Fund ( PSF ). CEFs may come with different mechanisms even if they deliver similar returns. PSF is not a traditional income vehicle but an active timing play on capital structure. Lazard Global Total Return and Income Fund ( LGI ) is a levered global equity-driven total return fund with emerging market exposure and with distributions driven by NAV performance. Both produce income as a secondary, but from different mechanisms....

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