EX-99.(A)(52) 30 c108153_ex99a52.htm

Exhibit 99(a)(52)

 

THE LAZARD FUNDS, INC.

ARTICLES SUPPLEMENTARY

 

THE LAZARD FUNDS, INC., a Maryland corporation registered under the Investment Company Act of 1940, as amended, as an open-end management investment company (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

 

FIRST: Pursuant to authority expressly vested in the Board of Directors of the Corporation (the “Board”) by Article FIFTH of the charter of the Corporation (the “Charter”), and Section 2-208 of the Maryland General Corporation Law, the Board has classified and designated:

 

(a) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio Institutional Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Equity Portfolio Institutional Common Stock;

 

(b) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio Open Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Portfolio Open Common Stock; and

 

(c) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio R6 Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Equity Portfolio R6 Common Stock.

 

The shares of Common Stock reclassified as set forth above shall have the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications or terms or conditions of redemption of the applicable existing class of Common Stock as set forth in the Charter.

 

SECOND: Following such reclassification, the Common Stock of the Corporation is classified as follows:

 

Portfolio Shares
Authorized
Lazard US Equity Concentrated Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Equity Focus Portfolio  
Institutional Common Stock 100,000,000
Open Common Stock 100,000,000
R6 Common Stock 50,000,000
Lazard US Small-Mid Cap Equity Portfolio  
Institutional Common Stock 150,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Sustainable Equity Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Systematic Small Cap Equity Portfolio  
Institutional Common Stock 50,000,000

 
Portfolio Shares
Authorized
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Equity Portfolio  
Institutional Common Stock 150,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Equity Advantage Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Quality Growth Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Convertibles Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Equity Select Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Strategic Equity Portfolio  
Institutional Common Stock 100,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard International Small Cap Equity Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Global Equity Select Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Managed Equity Volatility Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Global Strategic Equity Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Equity Franchise Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Global Listed Infrastructure Portfolio  
Institutional Common Stock 50,000,000

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Portfolio Shares
Authorized
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Emerging Markets Core Equity Portfolio  
Institutional Common Stock 100,000,000
Open Common Stock 100,000,000
R6 Common Stock 100,000,000
Lazard Emerging Markets Equity Portfolio  
Institutional Common Stock 700,000,000
Open Common Stock 200,000,000
R6 Common Stock 500,000,000
Lazard Developing Markets Equity Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Emerging Markets Equity Advantage Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Emerging Markets Debt Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Real Assets Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Corporate Income Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard US Short Duration Fixed Income Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Global Fixed Income Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Global Dynamic Multi-Asset Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Enhanced Opportunities Portfolio  
Institutional Common Stock 50,000,000
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Lazard Opportunistic Strategies Portfolio  
Institutional Common Stock 50,000,000
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Portfolio Shares
Authorized
Open Common Stock 50,000,000
R6 Common Stock 50,000,000
Unclassified 800,000,000
Total 6,900,000,000

 

THIRD: The Board reclassified the shares of Common Stock as set forth above under the authority contained in the Charter.

 

FOURTH: These Articles Supplementary have been approved by the Board in the manner and by the vote required by law. These Articles Supplementary do not increase the total number of authorized shares of stock of the Corporation.

 

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed as of July 6, 2023 in its name and on its behalf by its duly authorized officers who acknowledge that these Articles Supplementary are the act of the Corporation, that, to the best of his knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects, and that this statement is made under the penalties of perjury.

 

  THE LAZARD FUNDS, INC.
   
  By: /s/ Mark R. Anderson
    Name: Mark R. Anderson
    Title: Vice President

 

WITNESS:  
   
/s/ Shari Soloway  
Name: Shari Soloway  
Title: Assistant Secretary  
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