Welcome to our dedicated page for Virtus Stone Harbor Emerging Markets Income Fund news (Ticker: EDF), a resource for investors and traders seeking the latest updates and insights on Virtus Stone Harbor Emerging Markets Income Fund stock.
The Virtus Stone Harbor Emerging Markets Income Fund (symbol: EDF) is a closed-end management investment company aimed at maximizing total return, which includes income from its investments and capital appreciation. Launched and managed by Stone Harbor Investment Partners LP, the fund predominantly invests in fixed income securities and other instruments tied to emerging market countries across the globe.
Established on October 25, 2012, and domiciled in the United States, the fund is designed to attract investors looking for opportunities in public equity and fixed income securities in emerging economies. Over the years, EDF has built a solid reputation for its strategic investment approaches and consistent performance in the global financial markets.
The fund's core business revolves around identifying high-potential investment opportunities in emerging markets. It leverages in-depth research and market analysis to pick a diversified portfolio of securities, thereby aiming to deliver steady income and capital appreciation for its investors.
Recent achievements of the Virtus Stone Harbor Emerging Markets Income Fund include successful navigation through volatile market conditions and strategic realignment of its portfolio. The fund has continued to maintain a robust financial condition, characterized by prudent risk management and strategic asset allocation.
Current projects focus on expanding its investment horizon, incorporating sustainable and socially responsible investment practices, and forging new partnerships that align with its growth objectives. The fund's proactive approach ensures it remains adaptable to market changes while staying committed to its long-term goals.
Investors consider Virtus Stone Harbor Emerging Markets Income Fund as a significant player in the finance sector due to its comprehensive investment strategy and unwavering commitment to maximizing returns. As global markets continue to evolve, the fund's strategic initiatives and resilient performance position it effectively for future opportunities.
Stone Harbor Emerging Markets Income Fund (EDF) announced the removal of its managed distribution plan, effective May 2022, while maintaining a monthly distribution of $0.06 per share. This decision aims to lower fund expenses as the plan is deemed unnecessary. The current distribution rate yields an annualized return of 10.94% based on market price and 12.86% based on net asset value. Effective April 11, 2022, the Fund will trade under the name Virtus Stone Harbor Emerging Markets Income Fund. The share price stands at $6.58, with a net asset value of $5.60.
On March 22, 2022, Stone Harbor Emerging Markets Total Income Fund (EDI) and Stone Harbor Emerging Markets Income Fund (EDF) announced the election of a new Board of Trustees and the approval of new investment advisory agreements. Shareholders approved a slate of 12 trustees and new advisory agreements on February 17, 2022. Effective April 8, 2022, the new trustees will take office, and on April 11, 2022, the funds will change their names to Virtus Stone Harbor Emerging Markets Total Income Fund and Virtus Stone Harbor Emerging Markets Income Fund. The funds' investment objectives will remain unchanged.
The Stone Harbor Emerging Markets Income Fund (EDF) declared monthly distributions of $0.06 per share, based on a share price of $6.13 and a net asset value of $6.10 as of January 25, 2022. This results in an annualized distribution rate of 11.75% based on share price and 11.80% based on net asset value. Important distribution dates are: Ex-Distribution Date on February 7, Record Date on February 8, and Payable Date on February 18. The Fund aims to maximize total return through investments in emerging markets securities.
Stone Harbor Investment Partners continues to advise the Stone Harbor Emerging Markets Income Fund (EDF) and Stone Harbor Emerging Markets Total Income Fund (EDI) following its acquisition by Virtus Investment Partners on January 1, 2022. The day-to-day management remains unchanged under the new interim advisory agreement. Shareholders are asked to approve new advisory and sub-advisory agreements, detailed in a proxy statement filed with the SEC. Both Funds aim to maximize total returns through investments in emerging markets securities, though there are inherent risks.
Stone Harbor Investment Partners will continue as the adviser to the Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and the Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) following its acquisition by Virtus Investment Partners on January 1, 2022. There will be no changes to the portfolio management personnel. Shareholders are being asked to approve new advisory agreements. The Funds aim to maximize total return through investments in emerging markets securities, though there is no guarantee of achieving this objective.
On October 22, 2021, the Stone Harbor Emerging Markets Income Fund (NYSE: EDF) declared a monthly distribution of $0.07 per share, payable to shareholders of record as of October 12, 2021. This distribution is part of a managed distribution policy allowing the Fund to utilize capital gains for cash distributions. For the current fiscal year, the Fund's total distributions indicate that 97.57% come from net investment income, while 2.43% represents a return of capital. The Fund's annualized distribution rate is 12.19% of the Net Asset Value (NAV).
Stone Harbor Emerging Markets Income Fund (EDF) has declared monthly distributions of $0.06 per common share, with an annualized distribution rate of 9.35% based on the current share price of $7.70. The ex-distribution dates are set for November 8, December 10, and January 7, 2022, with corresponding payable dates. The Fund's distribution was reduced by $0.01 per share, influenced by factors like expected earnings and market conditions. The shares are currently trading at a premium to net asset value.
The Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a monthly distribution of $0.07 per share for shareholders of record as of September 14, 2021. This distribution, following an exemptive order from the SEC and Board approval, may include capital gains as part of its managed distribution policy. The breakdown shows 94.14% from net investment income and 5.86% as a return of capital. The Fund's annualized distribution rate is 11.65%, with cumulative total returns at 12.66% as of the end of August 2021.
The Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a monthly distribution of $0.07 per share, payable to shareholders of record as of August 10, 2021. This payment is part of a managed distribution policy allowing capital gains to contribute to cash distributions. The current distribution breaks down to 72.71% from net investment income and 27.29% as return of capital. The fund's annualized distribution rate stands at 11.95% relative to its Net Asset Value (NAV).
Stone Harbor Emerging Markets Income Fund (EDF) declared monthly distributions of $0.07 per common share, effective August 2021. Current share price is $8.29, with a net asset value (NAV) of $7.01. These distributions yield an annualized rate of 10.13% based on share price and 11.98% based on NAV. The Fund's shares currently trade at a premium to NAV, allowing shareholders to potentially invest distributions at a discount through the Dividend Reinvestment Plan.
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