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Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announces recurring closed-end fund developments, including monthly distribution declarations, adviser updates and portfolio management changes. The non-diversified closed-end management investment company seeks total return through income and capital appreciation from emerging markets securities.
The fund is managed by Stone Harbor Investment Partners, a fixed-income manager within the Virtus organization. Company news commonly addresses distribution amounts, record and payable dates, estimated tax character, investment advisory arrangements, and closed-end fund risks such as share prices trading at a premium or discount to net asset value.
On August 27, 2020, the Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a monthly distribution of $0.08 per share for shareholders of record as of August 17, 2020. The Fund operates under a managed distribution policy permitting the use of capital gains for cash distributions. This approach enhances distribution flexibility but may involve a return of capital, which does not reflect the Fund's investment performance and could impact the net asset value per share. Current estimates indicate that 100% of this distribution is a return of capital.
On July 30, 2020, the Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a monthly distribution of $0.08 per share for shareholders on record as of July 20, 2020. The fund's managed distribution policy allows it to use capital gains to fund these distributions, providing flexibility in cash management. Current distributions consist entirely of a return of capital, indicating that the fund has distributed more than its net income and capital gains.
The annualized distribution rate is 14.41%, while the cumulative total return is reported at (13.71%).
Stone Harbor Emerging Markets Income Fund (EDF) declared monthly distributions of $0.08 per common share, effective from August 2020. With the current share price at $6.96 and a net asset value of $6.72, this distribution corresponds to an annualized rate of 13.79% and 14.29%, respectively. The ex-distribution dates are set for August 14, September 11, and October 16. The Fund, a closed-end investment company, aims to maximize total return through investments in emerging markets securities.