Virtus Stone Harbor Emerging Markets Income Fund Announces Distributions and Provides Update on Reorganization

Rhea-AI Summary

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announces monthly distributions and reorganization with Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI). The monthly distributions, estimated at $0.06 per share, will be paid on December 19, 2023, January 30, 2024, and February 28, 2024. The reorganization with EDI is scheduled for December 15, 2023, retaining the EDF ticker symbol and cusip 86164T107.

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

Amount of Distribution	Ex-Date	Record Date	Payable Date
$0.06	December 8, 2023	December 11, 2023	December 19, 2023
$0.06	January 11, 2024	January 12, 2024	January 30, 2024
$0.06	February 9, 2024	February 12, 2024	February 28, 2024

The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the 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.

EDF also announced that the reorganization of Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) with and into EDF is currently scheduled to occur as of the close of business of the New York Stock Exchange on December 15, 2023. The reorganization, which was approved by the boards of EDF and EDI following a comprehensive assessment of the two funds, had been delayed pending regulatory approval related to the transfer or sale of certain foreign assets, which has since been resolved. The reorganized fund will retain the EDF ticker symbol and cusip 86164T107.

About the Fund

Virtus Stone Harbor Emerging Markets 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. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

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For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Stone Harbor Emerging Markets Income Fund

FAQ

What is the ticker symbol of Virtus Stone Harbor Emerging Markets Income Fund?

The ticker symbol is EDF.

When will the monthly distributions be paid?

The monthly distributions will be paid on December 19, 2023, January 30, 2024, and February 28, 2024.

What is the reorganization schedule with Virtus Stone Harbor Emerging Markets Total Income Fund?

The reorganization is scheduled for December 15, 2023, retaining the EDF ticker symbol and cusip 86164T107.