Frequently Asked Questions and Tax Information

Investor FAQs

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When did Lazard become a public company?

Lazard became a public firm in 2005.

What exchange does Lazard trade on and what is its ticker symbol?

Lazard trades on the New York Stock Exchange (NYSE) and its ticker symbol is LAZ.

When does Lazard's fiscal year end?

Lazard's fiscal year ends on December 31.

I am a Lazard shareholder. How do I change my address for my dividend checks, annual report to shareholders and other company information?

Please contact Lazard's Transfer Agent:

Transfer Agent and Registrar
Computershare
P.O. Box 43006
Providence RI 02940-3006
1-800-368-5948 U.S.
1-201-680-6578 International
www-us.computershare.com/investor

What is the frequency of the dividend distribution of the Lazard common stock and the amount of the cash dividend?

The amount of the cash dividend is announced every quarter and is distributed about one month after the announcement.

With the conversion to a U.S C-Corporation on January 1, 2024, is there any action I need to take as a shareholder?

No action is needed as a result of the conversion.

How can I be added to the press release email distribution list?

Sign-up for email alerts

How do I contact Investor Relations?

You can contact Investor Relations by phone or by email

Tel: +1 212-632-6899
Email: investorrelations@lazard.com

How can I get a copy of the annual report, proxy and other financial reports?

Please visit our website here: Lazard Investor Relations

How do I obtain a new stock certificate?

Please contact Lazard's Transfer Agent:

Transfer Agent and Registrar
Computershare
P.O. Box 505000
Louisville, KY 40233
1-800-368-5948 U.S.
1-201-680-6578 International
www-us.computershare.com/investor

How do I contact Lazard Asset Management?

For inquires related to our asset management business and fund performance, please visit the contact page for Lazard Asset Management Lazard Asset Management

Conversion and Tax Information

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When did Lazard begin to be taxed as a U.S. C-Corporation?

Lazard, Inc. which was previously a publicly traded partnership, converted to a U.S. C-Corporation effective January 1, 2024. Following the conversion, Lazard changed its name from Lazard Ltd to Lazard, Inc.

Why has Lazard converted to a U.S C-Corporation instead of continuing to be taxed as a partnership?

Among other reasons, Lazard converted to a U.S. C-Corporation to provide our shareholders with simplified tax reporting by eliminating the Schedule K-1 and K-3 reporting, and because it may broaden the eligible universe of investors for our stock, and enhance trading and liquidity, which would potentially lead to a more attractive stock currency. Please refer to our Final Prospectus, filed with the Securities and Exchange Commission on November 29, 2023, in the section entitled “The Domestication” for a more complete description.

What tax reporting will Lazard shareholders receive?

Beginning in 2024, Lazard became subject to U.S. tax as a C-Corporation and will no longer be taxed as a partnership. Shareholders will receive a final IRS Form K-1 in March 2024 for dividends received in the year 2023. Future dividend payments will be reported on Form 1099-DIV. Lazard will no longer need to issue qualified notices each quarter.

Do Lazard shareholders need to exchange their existing share certificates for new versions?

No. It is not necessary for shareholders of Lazard to exchange their existing share certificates for new certificates of Lazard, Inc. Each certificate evidencing Class A common shares of Lazard Ltd immediately prior to the conversion will be deemed to evidence an identical number of shares of common stock of Lazard, Inc.

Holders of uncertificated Class A common shares of Lazard Ltd immediately prior to the conversion will continue as holders of uncertificated common stock of Lazard, Inc. immediately after the conversion.

How will fractional shares be treated following the conversion?

Fractional shares converted in the same way as whole shares as part of the conversion.
Class A common shares, including fractions of Class A common shares, of Lazard Ltd issued and outstanding immediately prior to the conversion automatically converted into an equivalent number of shares of common stock of Lazard, Inc.

Are adjustments to my tax basis maintained by Lazard?

No, shareholders are required to calculate their individual basis in the stock. Information on buying and selling the stock can be provided by the broker or bank through which the shares were purchased.

What will be my holding period be for tax purposes in the converted Lazard stock?

After the conversion, you should have a long-term holding period in the Lazard Inc. stock you receive, which would reflect Lazard Ltd’s holding period in the assets it is treated as contributing to Lazard, Inc., which consisted of only assets that Lazard held for more than one-year.

Are dividends from Lazard subject to U.S. withholding tax?

Unless an exception is available, public shareholders will be subject to a 30% withholding tax on dividends, subject to reduction by a tax treaty.

How are distributions from Lazard treated?

Our dividends will generally be treated as “qualified dividends” to the extent such dividends are paid out of Lazard’s current or accumulated earnings and profits, as determined for U.S. federal income tax purposes, and any excess dividends treated as return of capital to the extent of the shareholder’s basis in our stock. Our conversion does not have an impact to our common dividend which is subject to approval each quarter by our Board of Directors.

Will this conversion have any financial or tax implications?

No material financial or tax implications are expected from the state law conversion. Following the conversion, Lazard will be treated as a U.S. corporation for U.S. federal and state income tax purposes. As a result, distributions made to shareholders after January 1, 2024 will be reported as dividends on Form 1099-DIV. For a description of the material U.S. federal income tax consequences of the conversion and ownership of our shares following the conversion, please refer to our Final Prospectus, filed with the Securities and Exchange Commission on November 29, 2023, in the section entitled “Material U.S. Federal Income Tax Consequences of the Domestication”.

U.S. Internal Revenue Code §6045B Tax Reporting

Lazard, Inc. (“Lazard”) makes quarterly cash distributions to its common stockholders. These distributions are subject to available capital, market conditions, and compliance with laws, regulations, and other contractual obligations.

As an issuer of corporate stock, Lazard must report corporate actions that affect stock basis, including but not limited to mergers, stock splits, stock dividends, recapitalizations and common stock distributions paid in excess of "earnings and profits", as defined by the U.S. Internal Revenue Code.

The tax treatment of Lazard distributions characterized as "dividends" or "returns of capital" are generally reported to U.S. stockholders on Form 1099 mailed to U.S. stockholders by January 31st in the year following any distributions. Additionally, distributions characterized as "return of capital" require Lazard to post on its website Form 8937 reflecting the impact on a stockholder's tax basis for each distribution made.

This information is intended to meet the requirements of public disclosure pursuant to Treasury Regulation §1.6045B‐1 (a) (3) and (b) (4) for Lazard. Pursuant to the applicable Treasury Regulations, if Lazard assumptions turn out to be incorrect, Lazard will file a corrected Form 8937 within 45 days of such determination.

Please click on Form 8937 (item 16) for specific tax information regarding all dividends paid by Lazard.

Contact Us

Investor Relations

+1 212 632 6899

InvestorRelations@lazard.com

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