LAZARD GLOBAL TOTAL RETURN &

CUSIP: 52106W103 Class: CEF

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 13,100 Value ($000) $163 Avg Close — Range —
Q4 2015
Shares 13,100 Value ($000) $171 Avg Close — Range —