Lazard Fund Announces Monthly Distribution with High Return of Capital Strategy

Lazard’s Monthly Distribution Highlights Return of Capital Strategy

Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) announces a monthly distribution of $0.15340 per share, payable on February 23, 2026, to shareholders of record as of February 10, 2026. This decision is part of the Fund's Managed Distribution Policy, which aims to provide consistent returns to shareholders. Investors anticipating this distribution should also note that the ex-dividend date is set for the same day, February 10, 2026, aligning with the Fund's structured approach to income generation.

A closer look at the distribution breakdown reveals that only 1% ($0.00078) is derived from net investment income, while a significant 99% ($0.15262) is classified as a return of capital. This distribution pattern indicates a strategic choice by the Fund's management, as it aims to sustain attractive monthly payouts despite the challenges of market volatility. For the fiscal year to date, the distribution figures remain unchanged, suggesting a solid commitment to maintaining these returns amidst varying economic conditions.

The Fund’s performance metrics are noteworthy, with an average annual total return of 7.40% related to NAV over the five-year period ending December 31, 2025. Furthermore, the annualized current distribution rate stands at 10.02%, reinforcing the Fund's position as a viable option for income-focused investors. However, it is essential for shareholders to recognize that the significant portion of the distribution classified as a return of capital does not indicate the Fund's investment performance and should not be conflated with yield or income. This distinction is crucial for investors to make informed decisions regarding their investments in the Fund.

In addition to the upcoming distribution, the Fund has also declared a previous distribution scheduled for January 22, 2026. The cumulative total return for the fiscal year through December 31, 2025, is reported at 15.34%, with cumulative fiscal year distributions amounting to 0.83% of NAV. This highlights the Fund's ability to generate returns despite the high proportion of capital returned to shareholders.

Lazard's strategic focus on balancing capital returns with sustainable income showcases its commitment to shareholder value. As the financial landscape evolves, the Fund's adherence to its Managed Distribution Policy remains a central aspect of its operations, signaling a proactive approach to meeting the needs of its investors.