Lazard World Dividend & Income Fund Announces Final Results of Tender Offer
LAZARD WORLD DIVIDEND & INCOME (LOR)
US:NYSE Investor Relations:
lazardassetmanagement.com/us/en_us/funds/closed-end-funds/lazard-world-dividend-%26-income-fund%2c-inc./f120/s104
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Lazard World Dividend & Income Fund, Inc. (NYSE: LOR) today announced the final results of its one-time tender offer to acquire, in exchange for cash, up to 20% of its outstanding shares of common stock (the "Offer"). The Offer expired on August 21, 2019 at 5:00 p.m., New York City time, and was oversubscribed.Based upon information provided by Broadridge Corporate Issuer Solutions, Inc., the information agent for the Offer (the "Information Agent"), 3,560,562 shares, or approximately 52% of LOR's outstanding shares, were validly tendered, and LOR has accepted for payment 1,376,037 shares, or approximately 20% of LOR's outstanding shares, on a pro rata basis, with appropriate adjustment to avoid purchasing fractional shares (the "proration factor"). The purchase price for validly tendered shares is $10.04 per share, which is equal to 98% of LOR's net asset value per share as of the close of regular trading on the New York Stock Exchange on August 21, 201
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