Lazard Global Total Return and Income Fund Declares Monthly Distribution

The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund") LGI has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution equal to, on an annualized basis, 7.0% of the Fund's net asset value per share as of the close of markets on December 31, 2019 on the Fund's outstanding common stock. The distribution is payable on January 23, 2020 to shareholders of record on January 13, 2020. The ex-dividend date is January 10, 2020.

Portfolio data as of November 30, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management's ("LAM") website, www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide 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.LazardAssetManagement.com.

The Fund's investment objective is total return, consisting of capital appreciation and current income. The Fund's net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.

An indirect subsidiary of Lazard Ltd LAZ, LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2019, LAM and affiliated asset management companies in the Lazard Group managed $236.7 billion worth of client assets. For more information about LAM, please go to www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

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