Lazard Ltd. provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. The company was founded in 1848 and is based in Hamilton, Bermuda.
J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on the job after the U.S. department store chain filed for Chapter 11 protection from creditors, and also to pay vendors for goods delivered to its stores. J.C. Penney, which filed for Chapter 11 protection on Friday, said it received the "first-day" approvals from the U.S. Bankruptcy Court for the Southern District of Texas that included access to and use of about $500 million in cash collateral. Lazard Ltd is serving as a financial advisor of J.C. Penney, Kirkland & Ellis LLP is serving as legal advisor and AlixPartners LLP is serving as restructuring advisor to the company.
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 $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on June 23, 2020 to shareholders of record on June 12, 2020. The ex-dividend date is June 11, 2020.