Important Change to Previously-Announced Tender Offer by Lazard World Dividend & Income Fund
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 that its Board of Directors (the "Board") has approved an important change to the one-time tender offer previously announced by press release dated February 19, 2019 (the "Offer"). The Offer will now no longer be conditioned upon the prior approval by stockholders of each of LOR and Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) (together with LOR, the "Funds") of the proposed reorganization of LOR into LGI, and the Offer will commence within the time period from mid-June through July 2019 and will expire twenty business days after its commencement. A further press release will be issued upon commencement of the Offer. The Board did not approve any other changes to the terms of the Offer, as previously announced—that is, LOR will acquire, in exchange for cash, up to 20% of LOR's outstanding sha
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