Virtus Stone Harbor Emerging Markets Total Income Fund Announces Distributions; Provides Update on Pending Merger

Rhea-AI Summary

Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) announces monthly distributions and delay in reorganization

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• None.

Negative

• The reorganization of Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) with Virtus Stone Harbor Emerging Markets Income Fund (EDF) will be delayed pending regulatory approval for the transfer or sale of certain foreign assets.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) today announced the following monthly distributions:

Amount of Distribution	Ex-Date	Record Date	Payable Date
$0.07	July 19, 2023	July 20, 2023	July 28, 2023
$0.07	August 10, 2023	August 11, 2023	August 23, 2023

The amount of distributions reported in this notice are an estimate only and are not being provided for tax reporting purposes. The actual amounts and sources of the Fund’s distributions for tax purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

The fund also announced that its proposed reorganization with and into Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF), which was scheduled to occur on or about August 4, 2023 subject to certain closing conditions, will be delayed pending regulatory approval related to the transfer or sale of certain foreign assets. An update on the timing of the reorganization will be provided at a later date.

About the Fund

Virtus Stone Harbor Emerging Markets Total Income Fund is a non-diversified, closed-end management investment company that is managed by Stone Harbor Investment Partners. The Fund's primary investment objective is to maximize total return, which consists of income and capital appreciation on its investments in emerging markets securities. There is no assurance that the Fund will achieve its investment objective.

For more information on the Fund, 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 the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the 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.

About Stone Harbor

Stone Harbor Investment Partners is a global institutional fixed-income investment manager specializing in credit and asset allocation strategies. The firm manages institutional clients’ assets in a range of investment strategies including emerging markets debt, global high yield, bank loans, as well as multi-sector credit products including unconstrained and total return approaches. The firm’s investment strategies are based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialized experience of the firm’s team. Founded in 2006, it is based in New York City with additional offices in London and Singapore. Stone Harbor Investment Partners is a division of Virtus Fixed Income Advisers, LLC, a registered investment adviser affiliated with Virtus Investment Partners. For more information, visit shipemd.com.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit virtus.com

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For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Stone Harbor Emerging Markets Total Income Fund

FAQ

What is the news about Virtus Stone Harbor Emerging Markets Total Income Fund (EDI)?

The news is about the monthly distributions announced by Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) and the delay in its reorganization with Virtus Stone Harbor Emerging Markets Income Fund (EDF).

When will the monthly distributions be paid?

The monthly distributions will be paid on July 28, 2023, and August 23, 2023.

What is the amount of the monthly distributions?

The amount of each monthly distribution is $0.07.

What is the reason for the delay in the reorganization?

The reorganization is being delayed due to pending regulatory approval for the transfer or sale of certain foreign assets.

When will an update on the reorganization be provided?

An update on the timing of the reorganization will be provided at a later date.