LGI: Unique Equity CEF With Fully-Covered Distribution At An Enormous Discount [Seeking Alpha]
Lazard Global Total Return and Income Fund (LGI)
US:NYSE Investor Relations:
lazardassetmanagement.com/us/en_us/funds/closed-end-funds/lazard-global-total-return-%26-income-fund%2c-inc./f19/s26
Company Research
Source: Seeking Alpha
The LGI closed-end fund has outperformed major indices recently, despite having lower exposure to mega-cap technology companies than the major indices. The fund primarily invests in common equities, with a small allocation to emerging market debt securities and currencies. The fund fully covered its distributions in 2023 and currently trades at an enormous discount to net asset value. The fund has underperformed the major indices over the long term, and I cannot see any near-term catalyst that will change this. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Lazard Global Total Return and Income Fund Inc NYSE: LGI ) is a closed-end fund, or CEF, that investors can purchase in order to accomplish their goals of generating a high level of current income from the assets in their portfolios. Unlike with many other closed-end funds, though, this one does not require the in
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LGI
News
- Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in MarchBusiness Wire
- Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in FebruaryBusiness Wire
- Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in JanuaryBusiness Wire
- Revisiting The Simple Retirement Portfolios - 2023 Update [Seeking Alpha]Seeking Alpha
LGI
Sec Filings
- 3/26/24 - Form SC
- 3/18/24 - Form SC
- 3/13/24 - Form DEF
- LGI's page on the SEC website