Lazard World Dividend & Income Fund Declares Monthly Dividend.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Board of Directors of Lazard World Dividend & Income Fund (NYSE NYSE See: New York Stock Exchange :LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ) has authorized the Fund to declare today a monthly dividend distribution of $0.1167 per share on the company's outstanding common stock. The dividend is payable on November 23, 2007 to shareholders of record on November 13, 2007. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is November 8, 2007. Inclusive of today's declared distribution, the cumulative distributions of net investment income and capital gains, for the last 12 monthly periods total $4.0562 per share and represent a market yield of 18.0%, based on the share price of $22.50 at the close of New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. trading on September 28, 2007*. Portfolio data as of September 30, 2007 including performance, asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management's website, 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 the highest dividend-yielding stocks selected from the current holdings of other accounts managed by Lazard Asset Management. 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, Lazard Asset Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (LAM), the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of June 30, 2007, LAM and affiliated asset management companies in the Lazard Group managed more than $135 billion worth of client assets. For more information about LAM, please go to www.Lazardnet.com. (*) Price and yields will fluctuate with changes in market conditions. Market return does not represent the total return on an investment. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. If the Fund pays distributions in excess of its net taxable income, this excess would be a return of capital. |
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