Virtus Stone Harbor Emerging Markets Income Fund Announces Distributions and Additions to Portfolio Management Team
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced additions to its portfolio management team and monthly distributions for March, April, May, and June 2024. Darin Batchman and Richard Lange joined the team as portfolio managers. The distributions are estimated and subject to change based on investment experience.
03/01/2024 - 08:55 AM
HARTFORD, Conn. --(BUSINESS WIRE)--
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) today announced additions to its portfolio management team and the following monthly distributions:
Amount of Distribution
Ex-Date
Record Date
Payable Date
$0.06
March 8, 2024
March 11, 2024
March 28, 2024
$0.06
April 10, 2024
April 11, 2024
April 29, 2024
$0.06
May 10, 2024
May 13, 2024
May 30, 2024
$0.06
June 13, 2024
June 13, 2024
June 27, 2024
The Fund announced it has added Darin Batchman and Richard Lange to its team of investment professionals. Batchman, with 23 years of experience, and Lange, with 18 years of experience, both serve as portfolio managers in emerging markets corporate debt at Stone Harbor Investment Partners , the subadviser to the Fund.
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.
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 (NYSE: 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 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20240301738449/en/
For Further Information:
closedendfunds@virtus.com
Source: Virtus Stone Harbor Emerging Markets Income Fund
What is the ticker symbol for Virtus Stone Harbor Emerging Markets Income Fund?
The ticker symbol is EDF.
Who are the new additions to the portfolio management team?
Darin Batchman and Richard Lange are the new portfolio managers.
What are the monthly distributions announced for March, April, May, and June 2024?
The distributions are $0.06 for each month with specific ex-date, record date, and payable date.
Are the distribution amounts provided in the press release final for tax reporting?
No, the amounts are estimates and may change based on the Fund's investment experience.
What will investors receive for federal income tax reporting purposes?
Investors will receive a Form 1099-DIV from the Fund or their broker for the calendar year.
Who is the subadviser to the Fund?
Stone Harbor Investment Partners is the subadviser to the Fund.
