Lazard World Dividend & Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is total return through a combination of dividends, income and capital appreciation. The Fund's world equity portfolio is generally invested in 60 to 90 securities, consisting primarily of the highest dividend-yielding stocks selected from the holdings of other accounts managed by the Fund's investment manager, Lazard Asset Management LLC. The equity portfolio is diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund also seeks enhanced income through investing in high-yielding, short-duration, emerging market forward currency contracts and local currency debt instruments.