Stone Harbor Emerging Markets Total Income Fund
On March 25, 2021, the Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced a monthly distribution of $0.08 per share to shareholders of record as of March 15, 2021. This distribution is part of the Fund's managed distribution policy, allowing it to utilize capital gains along with net investment income to provide regular cash distributions. The current distribution consists of 83.25% from net investment income and 16.75% as return of capital. The annualized distribution rate, based on the fund's NAV, is 11.71%.
- Monthly distribution of $0.08 per share announced.
- Managed distribution policy allows use of capital gains.
- 83.25% of the distribution from net investment income.
- Annualized distribution rate at 11.71% enhances investor attractiveness.
- Distribution may include return of capital, potentially affecting NAV.
DENVER, March 25, 2021 /PRNewswire/ -- On March 25, 2021, the Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) (the "Fund"), a closed-end fund, will pay a monthly distribution on its common stock of
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. In addition, the table shows the percentages of the total distribution amount per share attributable to (i) net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||
Per Share ($) | % | |
Net Investment Income | 0.0666 | |
Net Realized Short-Term Capital Gains | 0.0000 | |
Net Realized Long-Term Capital Gains | 0.0000 | |
Return of Capital or other Capital Source | 0.0134 | |
Total (per common share) | 0.0800 | |
Fiscal Year-to-Date Cumulative | ||
Distributions from1: | ||
Per Share ($) | % | |
Net Investment Income | 0.2421 | |
Net Realized Short-Term Capital Gains | 0.0000 | |
Net Realized Long-Term Capital Gains | 0.0000 | |
Return of Capital or other Capital Source | 0.0779 | |
Total (per common share) | 0.3200 |
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy.
The Fund estimates that it has distributed more than its net income and net realized capital gains, therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates, may change over time and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution declaration date.
Fund Performance & Distribution Information
Annualized Distribution Rate as a Percentage of NAV^ | |
Cumulative Distribution Rate as a Percentage of NAV* | |
Cumulative Total Return as a Percentage of NAV** | |
Average Annual Total Return*** |
^ Based on the Fund's NAV as of February 28, 2021 and the March 25, 2021 distribution.
*Based on the Fund's NAV as of February 28, 2021 and includes distributions through March 25, 2021.
** Cumulative Total Return is the percentage change in the Fund's NAV including distributions paid and assuming reinvestment of these distributions at NAV for the period December 1, 2020 through February 28, 2021.
***Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five year period ending February 28, 2021. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of these distributions at NAV.
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
The Fund's Board of Trustees reviews the amount of any distributions made pursuant to the Fund's distribution policy and considers the income earned and capital gain realized by the Fund, as well as the Fund's available capital. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration, among other things, the Fund's net asset value and market conditions. The Fund's distribution policy is subject to modification, suspension or termination by the Board of Trustees at any time, which could have an adverse effect on the market price of the Fund's shares. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
[1] The Fund's fiscal year is December 1 to November 30. Information shown is for the period beginning December 1, 2020.
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SOURCE Stone Harbor Emerging Markets Total Income Fund
FAQ
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