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On October 11, 2022, Virtus Stone Harbor Emerging Markets Income Fund (EDF) and Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) held a joint annual meeting of shareholders. The shareholders approved the election of several trustees for both funds. Notable outcomes included Donald C. Burke receiving 94.3% approval for EDF, while Sarah E. Cogan achieved 94.9%. For EDI, F. Ford Drummond received 94.6% approval. The funds highlighted potential risks associated with investments, including the possibility of a loss of principal and fluctuations in share price relative to net asset value.
Virtus Stone Harbor Emerging Markets Total Income Fund (EDI) announced its monthly distributions for September, October, and November 2022. Each month will have a distribution of $0.07. The ex-dates are September 12, October 7, and November 7, with record dates on September 13, October 11, and November 8, respectively. The payable dates are September 23, October 21, and November 18. The actual distribution amounts for tax purposes will depend on the Fund's future investment experience. The Fund aims to maximize total return through investments in emerging market securities.
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced monthly distributions of $0.07 for June, July, and August 2022. The ex-dates are June 6, July 11, and August 8, with record dates following on June 7, July 12, and August 9, and payable dates on June 17, July 22, and August 19, respectively. The announced amounts are estimates and may vary for tax purposes based on the fund's investment performance and regulations. The fund aims to maximize total return through investments in emerging market securities.
Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) will eliminate its managed distribution plan effective May 2022, citing that it is unnecessary at this time. The Fund will maintain its distribution rate at $0.07 per share, reflecting an annualized distribution rate of 11.60% based on the current share price of $7.24. The Fund will commence trading under the name Virtus Stone Harbor Emerging Markets Total Income Fund on April 11, 2022. Additionally, it notes that some distributions may represent a return of capital.
On March 22, 2022, Stone Harbor Emerging Markets Total Income Fund (EDI) and Stone Harbor Emerging Markets Income Fund (EDF) announced the election of a new Board of Trustees and the approval of new investment advisory agreements. Shareholders approved a slate of 12 trustees and new advisory agreements on February 17, 2022. Effective April 8, 2022, the new trustees will take office, and on April 11, 2022, the funds will change their names to Virtus Stone Harbor Emerging Markets Total Income Fund and Virtus Stone Harbor Emerging Markets Income Fund. The funds' investment objectives will remain unchanged.
Stone Harbor Emerging Markets Total Income Fund (EDI) declared monthly distributions of $0.07 per common share, payable on specified dates. With a current share price of $7.52 and a net asset value of $7.24, these distributions reflect annualized rates of 11.17% and 11.60% respectively. The Fund's shares are trading at a premium to net asset value, allowing shareholders in the Dividend Reinvestment Plan to reinvest distributions at a discount. The Fund aims to maximize total return through investments in emerging markets debt and equity.
Stone Harbor Investment Partners continues to advise the Stone Harbor Emerging Markets Income Fund (EDF) and Stone Harbor Emerging Markets Total Income Fund (EDI) following its acquisition by Virtus Investment Partners on January 1, 2022. The day-to-day management remains unchanged under the new interim advisory agreement. Shareholders are asked to approve new advisory and sub-advisory agreements, detailed in a proxy statement filed with the SEC. Both Funds aim to maximize total returns through investments in emerging markets securities, though there are inherent risks.
Stone Harbor Investment Partners will continue as the adviser to the Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and the Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) following its acquisition by Virtus Investment Partners on January 1, 2022. There will be no changes to the portfolio management personnel. Shareholders are being asked to approve new advisory agreements. The Funds aim to maximize total return through investments in emerging markets securities, though there is no guarantee of achieving this objective.
Stone Harbor Emerging Markets Total Income Fund (EDI) announced monthly distributions of $0.07 per common share, payable on specified dates. With a current share price of $8.44 and a net asset value (NAV) of $8.10, the annualized distribution rates are 9.95% and 10.37%. The shares are currently trading at a premium to NAV. Shareholders participating in the Dividend Reinvestment Plan will have distributions invested at a discount to market price. The Fund focuses on emerging markets debt and equity to maximize total return.
Stone Harbor Emerging Markets Total Income Fund (EDI) has declared monthly distributions of $0.07 per common share. As of July 26, 2021, the Fund's share price is $9.12 with a net asset value (NAV) of $8.27, yielding an annualized distribution rate of 9.21% based on share price and 10.16% based on NAV. The ex-distribution dates are on August 9, September 13, and October 8, 2021. The Fund aims to maximize total returns by investing at least 80% of net assets in emerging markets debt.