Lazard World Dividend & Income Fund Declares Monthly Distribution

NEW YORK–(BUSINESS WIRE)–The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the
“Fund”) (NYSE:LOR) has authorized the Fund to declare today,
pursuant to a level distribution policy, a monthly distribution of
$0.05799 per share on the Fund’s outstanding common stock. The
distribution is payable on May 23, 2019 to shareholders of record on May
13, 2019. The ex-dividend date is May 10, 2019.

Portfolio data as of March 29, 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 through a combination of
dividends, income and capital appreciation. The Fund’s net assets are
invested with a focus on the highest yielding equity securities selected
using the relative value strategy of LAM and generally are a portfolio
of approximately 60 to 100 US and non-US equity securities, including
American Depository Receipts, of companies of any size consisting
primarily of securities held by other portfolios managed by LAM,
including 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.

As previously announced, the Fund’s 2019 annual meeting of stockholders
will be held on June 28, 2019. Stockholders of the Fund as of the record
date for the meeting, May 17, 2019, will be eligible to vote at the
meeting.

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 March 31, 2019, LAM and
affiliated asset management companies in the Lazard Group managed $235
billion worth of client assets. For more information about LAM, please
go to www.LazardAssetManagement.com.
Follow LAM at @LazardAsset.

Contacts

Media:
Hillary Yaffe, +1 212 632 6528
hillary.yaffe@lazard.com

Investors:
Ben Wulfsohn, +1 800 823 6300
ben.wulfsohn@lazard.com