Lazard Ltd Completes Conversion to a U.S. C-Corporation and Is Renamed Lazard, Inc.
02 Janeiro 2024 - 10:00AM
Business Wire
Lazard, Inc. (NYSE: LAZ) announced today that it has completed
its previously announced conversion from a publicly traded
partnership to a U.S. C-Corporation under Delaware Law and changed
its name from Lazard Ltd to Lazard, Inc., effective January 1,
2024.
As a result of the conversion, distributions will generally be
dividends for U.S. tax purposes, and shareholders will receive a
Form 1099-DIV. Lazard shareholders of record in 2023 will receive a
final Schedule K-1 in March 2024.
Peter R. Orszag, Chief Executive Officer of Lazard, said: “We
are pleased to complete our conversion to a U.S. corporation. We
believe this structure will expand our shareholder base by
simplifying tax reporting and enhancing trading liquidity. This
conversion also underscores our commitment to our broader plan to
deliver long-term value for our shareholders.”
For more information about the conversion, please visit the FAQs
and Conversion/Tax Information section of the Investor Relations
website at www.lazard.com.
About Lazard Founded in 1848, Lazard is one of the
world's preeminent financial advisory and asset management firms,
with operations in North and South America, Europe, the Middle
East, Asia, and Australia. Lazard provides advice on mergers and
acquisitions, capital markets and capital solutions, restructuring
and liability management, geopolitics, and other strategic matters,
as well as asset management and investment solutions to
institutions, corporations, governments, partnerships, family
offices, and high net worth individuals. For more information,
please visit www.lazard.com.
LAZ-CPE
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240102859176/en/
Media: Shannon Houston, +1 212 632
6880 shannon.houston@lazard.com
Investor: Alexandra Deignan, +1 212
632 6886 alexandra.deignan@lazard.com
Lazard (NYSE:LAZ)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Lazard (NYSE:LAZ)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024