Lazard Global Total Return and Income Fund Declares Monthly Distribution

  Lazard Global Total Return and Income Fund Declares Monthly Distribution

Business Wire

NEW YORK -- October 15, 2012

The Board of Directors of Lazard Global Total Return and Income Fund, Inc.
(the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to
a level distribution policy, a monthly distribution of $0.08068 per share on
the Fund’s outstanding common stock. The distribution is payable on November
23, 2012 to shareholders of record on November 12, 2012. The ex-dividend date
is November 8, 2012.

Portfolio data as of September 30, 2012 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, consisting of capital appreciation and
current income. The Fund seeks to achieve its objective by primarily investing
in a portfolio of approximately 35 to 45 equity securities with a market
capitalization of at least $5 billion at the time of purchase that are
domiciled in those countries that comprise the MSCI World Index. 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 June 30, 2012, LAM and affiliated asset management
companies in the Lazard Group managed $148 billion worth of client assets. For
more information about LAM, please go to www.LazardNet.com.

Contact:

Lazard Global Total Return and Income Fund, Inc.
Media:
Judi Mackey, +1-212-632-1428
judi.mackey@lazard.com
or
Investor:
Ben Wulfsohn, +1-800-823-6300
ben.wulfsohn@lazard.com