Lazard Fund Declares $0.1534 Monthly Distribution; 10.17% Annualized NAV Yield
LAZ•The Fund declared a $0.15340 monthly distribution payable July 22 to holders of record on July 10, with 84% sourced from long-term capital gains and 14% from net investment income. The annualized distribution rate is 10.17% of NAV, while cumulative fiscal year payouts represent 4.24% of NAV.
1. Distribution Details
Lazard Global Total Return and Income Fund announced a monthly distribution of $0.15340 per share, payable July 22 to shareholders of record July 10. The ex-dividend date is July 10, marking eligibility cutoff for this payout.
2. Distribution Sources
The current distribution comprises $0.12775 (84%) from net realized long-term capital gains, $0.02205 (14%) from net investment income and no return of capital component.
3. Performance Metrics
As of May 31, the Fund’s annualized distribution rate stood at 10.17% of NAV, its five-year annualized total return was 5.71%, and cumulative distributions for the fiscal year equaled 4.24% of NAV.
4. Fund Profile
The Fund holds 60–80 US and non-US equities and may invest in emerging market currencies and debt. Its manager oversees $284.8 billion in client assets as of May 31, targeting total return through capital appreciation and income.
