EDF Director Buys 1,107 Shares at $4.98 — Form 4 Disclosure

Connie D. McDaniel, a director of Virtus Stone Harbor Emerging Markets Income Fund (EDF), purchased 1,107 shares of the fund on 09/15/2025 at a price of $4.98 per share, increasing her direct beneficial ownership to 1,107 shares.

Rhea-AI Filing Summary

Connie D. McDaniel, a director of Virtus Stone Harbor Emerging Markets Income Fund (EDF), purchased 1,107 shares of the fund on 09/15/2025 at a price of $4.98 per share, increasing her direct beneficial ownership to 1,107 shares. The Form 4 was signed by an attorney-in-fact on 09/16/2025. No derivative transactions or other holdings were reported on this filing.

Positive

• Director purchase disclosed showing personal investment in the fund
• Form 4 filed and signed by attorney-in-fact, fulfilling reporting obligations

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider purchase by a director; immaterial to fund-level valuation but indicates personal buy.

The filing documents a purchase of 1,107 common shares at $4.98 by a director, recorded as direct ownership. The transaction size is small relative to an investment fund's total assets and therefore unlikely to affect the fund's NAV or market perceptions materially. It does, however, represent a director-level purchase disclosed under Section 16 reporting rules. No derivatives or additional transactions were reported.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure of a director's open-market purchase; governance implications are limited.

The Form 4 meets disclosure requirements by reporting a director's acquisition of 1,107 shares at $4.98. The report was timely-signed by an attorney-in-fact. There are no indications of related-party arrangements, 10b5-1 plans, or material changes to board composition. From a governance standpoint, this is a standard, low-impact insider transaction.

Insider Trade Summary

Net Buyer: 1,107 shares

Net Buy 1 txn

Insider MCDANIEL CONNIE D

Role Director

Bought 1,107 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,107	$4.98	$6K

Holdings After Transaction: Common Stock — 1,107 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Virtus Stone Harbor Emerging Markets Income Fund (EDF) report on this Form 4?

The Form 4 reports that director Connie D. McDaniel purchased 1,107 shares of EDF on 09/15/2025 at $4.98 per share, resulting in direct ownership of 1,107 shares.

Was the transaction a derivative or an outright purchase for EDF Form 4?

The transaction was an outright purchase of common stock (non-derivative); no derivative securities were reported.

Who signed the Form 4 for Connie D. McDaniel and when?

The Form 4 was signed by Kathryn Santoro, Attorney-in-Fact, on 09/16/2025.

Does the filing indicate any 10b5-1 trading plan or exemption?

The filing does not state that the transaction was made pursuant to a 10b5-1 plan; no exemption was indicated in the form content.

How significant is a purchase of 1,107 shares at $4.98 for EDF?

The filing contains no context on total fund assets or the director's prior holdings, so material significance cannot be determined from this document alone.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/16/2025 - 04:43 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCDANIEL CONNIE D

(Last) (First) (Middle)

C/O VIRTUS INVESTMENT PARTNERS, INC.

ONE FINANCIAL PLAZA, 26TH FLOOR

(Street)

HARTFORD CT 06103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Virtus Stone Harbor Emerging Markets Income Fund [ EDF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		P		1,107	A	$4.98	1,107	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Kathryn Santoro, Attorney-in-Fact	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.