Certain Virtus Closed-End Funds Announce Shareholder Meeting Results

Rhea-AI Summary

On October 11, 2022, Virtus Stone Harbor Emerging Markets Income Fund (EDF) and Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) held a joint annual meeting of shareholders. The shareholders approved the election of several trustees for both funds. Notable outcomes included Donald C. Burke receiving 94.3% approval for EDF, while Sarah E. Cogan achieved 94.9%. For EDI, F. Ford Drummond received 94.6% approval. The funds highlighted potential risks associated with investments, including the possibility of a loss of principal and fluctuations in share price relative to net asset value.

Positive

• High shareholder approval for trustee elections: Donald C. Burke (94.3%), Sarah E. Cogan (94.9%), and others showing strong support.
• Successful joint annual meeting indicates good shareholder engagement.

Negative

• Investment risks highlighted, including potential loss of principal.
• Shares may trade at a discount or premium to net asset value, adding uncertainty.

HARTFORD, Conn., Oct. 11, 2022 /PRNewswire/ -- Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced today the results of their joint annual meeting of shareholders held today.

Shareholders approved the elections of trustees, as follows:

Proposal	Fund	Share Class	Nominee	Trustee Class	For	Withhold
1a	EDF	Common	Donald C. Burke	II	94.3 %	5.7 %
1b	EDF	Common	Sarah E. Cogan	II	94.9 %	5.1 %
1c	EDF	Common	Connie D. McDaniel	II	94.8 %	5.2 %
1d	EDF	Common	Brian T. Zino	II	94.3 %	5.7 %
1e	EDI	Common	F. Ford Drummond	III	94.6 %	5.4 %
1f	EDI	Common	Sidney E. Harris	III	94.3 %	5.7 %
1g	EDI	Common	Philip R. McLoughlin	III	94.3 %	5.7 %
1h	EDI	Common	Geraldine M. McNamara	III	94.7 %	5.3 %

For more information on the Funds, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund's investment objective and risks, please see the Fund's annual report. A copy of each Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release.

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SOURCE Virtus Funds

FAQ

What were the results of the EDF and EDI shareholder meeting held on October 11, 2022?

Shareholders approved the election of several trustees with high approval rates, including Donald C. Burke for EDF with 94.3%.

Who were the newly elected trustees for EDF and EDI?

Notable elected trustees include Donald C. Burke for EDF and F. Ford Drummond for EDI.

What risks are associated with investing in EDF and EDI?

Investments in these funds carry risks, including potential loss of principal and the possibility of shares trading at a discount or premium to net asset value.

What is the significance of the trustee approval percentage for EDF and EDI?

High approval percentages for trustees indicate strong shareholder confidence in fund management.