Stone Harbor Emerging Markets Total Income Fund Declares Monthly Distributions Of $0.07 Per Share

Rhea-AI Summary

Stone Harbor Emerging Markets Total Income Fund (EDI) has declared monthly distributions of $0.07 per common share, payable on specified upcoming dates. With a current share price of $9.14 and a net asset value (NAV) of $8.23, the annualized distribution rates are 9.19% and 10.21% respectively. The distribution has been reduced by $0.01 per share, influenced by market conditions and expected earnings. The Fund's shares are trading at a premium to NAV, and deviations in distribution may arise from net investment income or capital gains.

Positive

• Declared monthly distribution of $0.07 per share.
• Annualized distribution rates of 9.19% (market price) and 10.21% (NAV).
• Shares trading at a premium to net asset value (NAV).

Negative

• Monthly distribution reduced from previous amount by $0.01 per share.
• Potential distribution shortfalls may be covered by shareholder capital.

NEW YORK, April 21, 2021 /PRNewswire/ -- Stone Harbor Emerging Markets Total Income Fund ("the Fund"), which is traded on the New York Stock Exchange under the symbol "EDI", announced the declaration of monthly distributions of $0.07 per common share, payable on the dates noted below.  Based on the Fund's current share price of $9.14 and net asset value per share of $8.23 (as of close on April 20, 2021), the distributions represent an annualized distribution rate of 9.19% and 10.21%, respectively.

The following dates apply to the distributions declared:

Ex-Distribution Date	Record Date	Payable Date
May 14, 2021	May 17, 2021	May 27, 2021
June 11, 2021	June 14, 2021	June 24, 2021
July 16, 2021	July 19, 2021	July 29, 2021

For the months listed above, the Fund's monthly distribution was reduced from the previously monthly distribution by $0.01 per share. The change in the Fund's distribution takes into account many factors, including but not limited to, the Fund's current and expected earnings, the Fund's net asset value, the overall market environment, changes in foreign exchange rates, and Stone Harbor's current economic and market outlook. Shareholders should note that to the extent the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital.  The Fund's distribution rate is subject to change.

As of the date of this release, the Fund's shares are trading at a premium to net asset value ("NAV"). When the Fund is trading at a premium, shareholders that participate in the Fund's Dividend Reinvestment Plan (the "Plan") will generally have their distributions invested in newly issued common shares at a discount to the Fund's market price, as set forth in more detail in the Plan. Additional information about the Plan is included in the Fund's annual and semi-annual reports to shareholders. Shareholders who hold their shares through brokers or other financial intermediaries should discuss with their financial intermediaries whether it would be beneficial to participate in the Fund's Plan.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2022, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, capital gain or return of capital).

The Fund is a non-diversified, closed-end management investment company that is managed by Stone Harbor Investment Partners LP ("Stone Harbor"). 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.

The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in emerging markets debt, which includes fixed income securities and other instruments, including derivatives, that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked to those countries' markets, currencies, economies or ability to repay loans. The Fund normally expects to invest up to 20% of its total assets in emerging markets equity, which includes securities issued by either single country or regional exchange-traded funds, common stocks, preferred stocks, other equity securities and other instruments (including derivatives) that are economically tied to the equity markets of emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, or economies. A security or instrument is economically tied to an emerging market country if it is principally traded on the country's securities markets or if the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country.

Stone Harbor Investment Partners LP is a global institutional fixed income investment manager, specializing in credit and asset allocation strategies. 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. Based in New York and founded in 2006, Stone Harbor is an employee-owned partnership that has offices in Chicago, London, and Singapore. For more information, please visit Stone Harbor's website at www.shiplp.com.

For more complete information, please call 877.206.0791 (toll-free) or visit the Fund's website - www.shiplpcef.com.

The Stone Harbor Emerging Markets Total Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol EDI. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

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SOURCE Stone Harbor Emerging Markets Total Income Fund

FAQ

What is the monthly distribution declared by Stone Harbor Emerging Markets Total Income Fund (EDI)?

The Fund declared a monthly distribution of $0.07 per common share.

What are the annualized distribution rates for EDI based on the recent announcement?

The annualized distribution rates are 9.19% based on the market price and 10.21% based on the net asset value.

What is the impact of the reduced monthly distribution on EDI shareholders?

The monthly distribution has been reduced by $0.01 per share, which may affect overall returns.

When are the distribution payments for EDI scheduled?

The payments are scheduled for May 27, June 24, and July 29, 2021.

How does trading at a premium to NAV affect EDI shareholders?

Shareholders participating in the Dividend Reinvestment Plan may have distributions invested at a discount to the Fund's market price.