Exhibit 99(a)(52)
THE LAZARD
FUNDS, INC.
ARTICLES SUPPLEMENTARY
THE LAZARD FUNDS, INC., a Maryland corporation registered under the Investment Company Act of 1940, as amended, as an open-end management investment company (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:
FIRST: Pursuant to authority expressly vested in the Board of Directors of the Corporation (the “Board”) by Article FIFTH of the charter of the Corporation (the “Charter”), and Section 2-208 of the Maryland General Corporation Law, the Board has classified and designated:
(a) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio Institutional Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Equity Portfolio Institutional Common Stock;
(b) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio Open Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Portfolio Open Common Stock; and
(c) fifty million (50,000,000) authorized but unissued shares of Lazard Emerging Markets Strategic Equity Portfolio R6 Common Stock as fifty million (50,000,000) additional shares of Lazard Emerging Markets Core Equity Portfolio R6 Common Stock.
The shares of Common Stock reclassified as set forth above shall have the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications or terms or conditions of redemption of the applicable existing class of Common Stock as set forth in the Charter.
SECOND: Following such reclassification, the Common Stock of the Corporation is classified as follows:
| Portfolio | Shares Authorized |
| Lazard US Equity Concentrated Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Equity Focus Portfolio | |
| Institutional Common Stock | 100,000,000 |
| Open Common Stock | 100,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Small-Mid Cap Equity Portfolio | |
| Institutional Common Stock | 150,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Sustainable Equity Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Systematic Small Cap Equity Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Portfolio | Shares Authorized |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Equity Portfolio | |
| Institutional Common Stock | 150,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Equity Advantage Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Quality Growth Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Convertibles Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Equity Select Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Strategic Equity Portfolio | |
| Institutional Common Stock | 100,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard International Small Cap Equity Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Global Equity Select Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Managed Equity Volatility Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Global Strategic Equity Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Equity Franchise Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Global Listed Infrastructure Portfolio | |
| Institutional Common Stock | 50,000,000 |
| 2 |
| Portfolio | Shares Authorized |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Emerging Markets Core Equity Portfolio | |
| Institutional Common Stock | 100,000,000 |
| Open Common Stock | 100,000,000 |
| R6 Common Stock | 100,000,000 |
| Lazard Emerging Markets Equity Portfolio | |
| Institutional Common Stock | 700,000,000 |
| Open Common Stock | 200,000,000 |
| R6 Common Stock | 500,000,000 |
| Lazard Developing Markets Equity Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Emerging Markets Equity Advantage Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Emerging Markets Debt Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Real Assets Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Corporate Income Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard US Short Duration Fixed Income Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Global Fixed Income Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Global Dynamic Multi-Asset Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Enhanced Opportunities Portfolio | |
| Institutional Common Stock | 50,000,000 |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Lazard Opportunistic Strategies Portfolio | |
| Institutional Common Stock | 50,000,000 |
| 3 |
| Portfolio | Shares Authorized |
| Open Common Stock | 50,000,000 |
| R6 Common Stock | 50,000,000 |
| Unclassified | 800,000,000 |
| Total | 6,900,000,000 |
THIRD: The Board reclassified the shares of Common Stock as set forth above under the authority contained in the Charter.
FOURTH: These Articles Supplementary have been approved by the Board in the manner and by the vote required by law. These Articles Supplementary do not increase the total number of authorized shares of stock of the Corporation.
IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed as of July 6, 2023 in its name and on its behalf by its duly authorized officers who acknowledge that these Articles Supplementary are the act of the Corporation, that, to the best of his knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects, and that this statement is made under the penalties of perjury.
| THE LAZARD FUNDS, INC. | ||
| By: | /s/ Mark R. Anderson | |
| Name: Mark R. Anderson | ||
| Title: Vice President | ||
| WITNESS: | |
| /s/ Shari Soloway | |
| Name: Shari Soloway | |
| Title: Assistant Secretary |
| 4 |