Lazard Global Total Return and Income Fund has declared its monthly distribution of $0.15340 per share, with a record date of March 9, 2026, and payment scheduled for March 23, 2026. The distribution composition reflects a diversified income strategy, with return of capital representing 65% of the payout, long-term capital gains contributing 32%, and net investment income comprising the remaining 3%.
The fund's distribution strategy aligns with its stated objective of providing current income and capital appreciation. Over the trailing five-year period, LGI achieved an 8.46% average annual total return relative to net asset value. The announced monthly distribution translates to an annualized distribution rate of 9.76%, positioning the fund within the higher-yield segment of global equity income funds.
Investors should note the composition of the distribution, as return of capital differs from income and may have distinct tax implications. The fund's reliance on capital returns and gains for a significant portion of its distribution reflects both current market conditions and the fund's asset allocation strategy during the specified period.