Lazard World Dividend & Income Fund Inc. (NYSE:LOR) announces a share repurchase program. Under the plan, the company will repurchase up to 20% of the fund's outstanding shares in open-market transactions. The shares will be repurchased at a price equal to 98% of the net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires The principal purpose of the stock repurchase program is to enhance stockholder value by increasing the fund's net asset value per share without creating a meaningful adverse effect on the Fund's expense ratio. Lazard Asset Management LLC acted as a broker for the company. The shares will be repurchased till November 30, 2017.