NEW YORK -- (Business Wire)

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the "Fund") (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution equal to, on an annualized basis, 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 distribution is payable on January 23, 2014 to shareholders of record on January 13, 2014. The ex-dividend date is January 9, 2014.

Portfolio data as of November 30, 2013, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management LLC's ("LAM") website, www.LazardNet.com. Additionally, the notice required by Section 19(a) of the Investment Company Act of 1940, as amended, which provides information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on www.LazardNet.com.

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 less than 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
Investors:
Ben Wulfsohn, +1-800-823-6300
ben.wulfsohn@lazard.com

Source: Lazard World Dividend & Income Fund, Inc.