Lazard Global Total Return and Income Fund Confirms New Distribution

Lazard Global Total Return and Income Fund, Inc. (the "Fund") LGI is confirming today, pursuant to its level distribution policy, as previously authorized by its Board of Directors, a monthly distribution of $0.08183, equivalent to 6.25% (annualized) of the Fund's net asset value per share as of the close of markets on December 30, 2016 on the Fund's outstanding common stock. The distribution is payable on January 23, 2017 to shareholders of record on January 12, 2017. The ex-dividend date is January 10, 2017.

The Fund's objective is total return consisting of capital appreciation and current income. The Fund invests in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts. The Fund generally invests in securities of companies with market capitalizations greater than $2 billion and may invest in emerging markets. 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 LAZ, LAM, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of September 30, 2016, LAM and affiliated asset management companies in the Lazard Group managed $205 billion worth of client assets. For more information about LAM, please go to www.LazardNet.com.

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