NEW YORK -- (Business Wire)
Lazard World Dividend & Income Fund, Inc. (the "Fund") (NYSE:LOR)
is confirming today, pursuant to its level distribution policy, as
previously authorized by its Board of Directors, a monthly distribution
of $0.08618, equivalent to 6.5% of the Fund’s net asset value per share
as of the close of markets on December 31, 2013 on the Fund’s
outstanding common stock. The next distribution is payable on January
23, 2014 to shareholders of record on January 13, 2014. The ex-dividend
date is January 9, 2014.
The Fund’s objective is total return, through a combination of
dividends, income, and capital appreciation. The Fund’s net assets are
invested in a portfolio of approximately 60 to 90 world equity
securities, consisting primarily of stocks selected from the current
holdings of other accounts managed by LAM. The equity portfolio is
broadly diversified in both developed and emerging market countries and
across the capitalization spectrum. The Fund seeks enhanced income by
investing in short duration (typically below one year) emerging market
forward currency contracts and other emerging market debt instruments.
An indirect subsidiary of Lazard Ltd (NYSE:LAZ), LAM, the Fund’s
investment manager, offers a range of equity, fixed-income, and
alternative investment products worldwide. As of September 30, 2013, LAM
and affiliated asset management companies in the Lazard Group managed
$176 billion worth of client assets. For more information about LAM,
please go to www.LazardNet.com.
Contacts:
Lazard World Dividend & Income Fund, Inc.
Media:
Judi
Mackey, +1 212-632-1428
judi.mackey@lazard.com
or
Investor:
Ben
Wulfsohn, +1 800-823-6300
ben.wulfsohn@lazard.com
Source: Lazard World Dividend & Income Fund, Inc.
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