DEF 14A: Lazard Global Total Return and Income Fund, Inc. Announces Annual Meeting of Stockholders

Lazard Global Total Return and Income Fund, Inc. will hold its Annual Meeting of Stockholders on April 25, 2024, to elect two Class I Directors and consider other business.

Summary

• Lazard Global Total Return and Income Fund, Inc. is holding its Annual Meeting of Stockholders on April 25, 2024.
• The meeting will take place at 30 Rockefeller Plaza, New York.
• Stockholders will vote to elect two Class I Directors, Nathan A. Paul and Robert M. Solmson, each for a three-year term expiring at the 2027 Annual Meeting.
• Stockholders of record as of March 6, 2024, are entitled to vote.
• As of the record date, there were 13,012,942 shares of common stock outstanding.
• The proxy statement and related materials were sent to stockholders around March 22, 2024.
• The Board of Directors recommends voting for the director nominees.
• Deloitte & Touche LLP has been selected as the independent auditors for the fiscal year ending December 31, 2024.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. It provides necessary information for stockholders to make informed decisions, but does not express strong positive or negative sentiment.

Positives

• The Board of Directors is actively engaged in overseeing the Fund's management and operations.
• The Fund has a robust Audit Committee composed entirely of Independent Directors.
• The Fund provides stockholders with multiple avenues to vote, including internet, telephone, and mail.
• The Fund is transparent about director compensation and share ownership.
• The Fund is compliant with Section 16(a) of the Securities Exchange Act of 1934 regarding beneficial ownership reporting.

Future Outlook

The document outlines the upcoming Annual Meeting and the matters to be voted on, but does not provide specific forward-looking statements about the Fund's financial performance or future strategies.

Management Comments

• Nathan A. Paul, President, cordially invited stockholders to attend the Annual Meeting.

Industry Context

This document is a standard proxy statement for a closed-end investment company, outlining the agenda for the annual meeting and providing information to stockholders to make informed voting decisions. It is typical for registered investment companies to hold annual meetings and solicit proxies from their shareholders.

Comparison to Industry Standards

• The structure and content of this proxy statement are consistent with industry standards for closed-end funds.
• The director nomination process and committee charters are similar to those of other publicly traded investment companies.
• The disclosure of audit fees and non-audit services provided by the independent auditor aligns with regulatory requirements and industry best practices.
• Comparable companies such as BlackRock, Eaton Vance, and Nuveen also issue similar proxy statements for their closed-end funds.

Stakeholder Impact

• Stockholders are directly impacted by the election of directors and other matters voted on at the Annual Meeting.
• The Fund's performance and governance practices ultimately affect the value of stockholders' investments.

Next Steps

• Stockholders should review the proxy statement and vote on the proposals.
• The Fund will hold its Annual Meeting on April 25, 2024.
• The Fund will announce the voting results in its next Semi-Annual Report to stockholders.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Directors, Stockholders, Lazard Global Total Return and Income Fund, Investment Company, Fund Governance