Stone Harbor Emerging Markets Income Fnd : Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions of $0.18 Per Share
January 19, 2012 at 01:05 am IST
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Stone Harbor Emerging Markets Income Fund ("the Fund"), which is traded
on the New York Stock Exchange under the symbol "EDF", announced the
declaration of monthly distributions of $0.18 per common share, payable
on the dates noted below. Based of the Fund's current share price of
$22.76 and net asset value per share of $22.28 (as of close on January
17, 2012), the distributions represent an annualized distribution rate
of 9.49% and 9.69% respectively.
The following dates apply to the distributions declared:
Ex-Distribution Date: February 9, 2012
Record Date: February 13, 2012
Payable Date: February 23, 2012
Ex-Distribution Date: March 15, 2012
Record Date: March 19, 2012
Payable Date: March 29, 2012
Ex-Distribution Date: April 12, 2012
Record Date: April 16, 2012
Payable Date: April 26, 2012
This press release is not for tax reporting purposes but is being
provided to announce the amount of the Fund's distributions that have
been declared by the Board of Directors. In early 2013, after definitive
information is available, the Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by the
Fund during the prior calendar year should be characterized for purposes
of reporting the distributions on a shareholder's tax return (e.g.,
ordinary income, long-term capital gain or return of capital).
The Fund is a non-diversified, closed-end management investment company
that is managed by Stone Harbor Investment Partners LP ("Stone Harbor").
The Fund's primary investment objective is to maximize total return,
which consists of income on its investments and capital appreciation.
There is no assurance that the Fund will achieve its investment
objective.
The Fund seeks to achieve its investment objective by investing at least
80% of its net assets (plus borrowings for investment purposes) in
emerging markets securities ("the 80% policy"), which include fixed
income securities and other instruments, including derivatives, that are
economically tied to emerging market countries, that are denominated in
the predominant currency of the local market of an emerging market
country or whose performance is linked to those countries' markets,
currencies, economies or ability to repay loans. A security or
instrument is economically tied to an emerging market country if it is
principally traded on the country's securities markets or if the issuer
is organized or principally operates in the country, derives a majority
of its income from its operations within the country or has a majority
of its assets within the country.
Stone Harbor Investment Partners LP 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 products: emerging markets debt, high yield, bank
loans, as well as multi-strategy products, such as global high yield and
core plus. 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 and based in New York, Stone Harbor employs over 100
people across its headquarters and offices in London and Singapore.
Stone Harbor Investment Partners LP is an employee-owned partnership
with $39.6 billion in assets under management as of December 31, 2011.
For more information, please visit Stone Harbor's website at www.shiplp.com.
For more complete information, please call 877.206.0791 (toll-free) or
visit the Fund's website - www.shiplpcef.com.
The Stone Harbor Emerging Markets Income Fund is a closed-end fund and
closed-end funds do not continuously issue shares for sale as open-end
mutual funds do. Since its initial public offering, the Fund has traded
on the New York Stock Exchange under the symbol EDF. Investors wishing
to buy or sell shares need to place orders through an intermediary or
broker.
Stone Harbor Emerging Markets Income Fund John Dispigno,
1-877-206-0791
Virtus Stone Harbor Emerging Markets Income Fund (the Fund), formerly Stone Harbor Emerging Markets Income Fund, is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. The Fund may invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets debt. The Fund invests in various sectors, such as Sovereign Hard Currency, Corporate Hard Currency, Sovereign Local Currency, and Corporate Local Currency. The Fund invests in various geographical locations, including Brazil, Argentina, Mexico, South Africa, Russia, Ivory Coast, Colombia, Indonesia, Ghana, Ecuador, Venezuela, Lebanon, Costa Rica, Nigeria, and Kenya. The Fund's investment advisor is Virtus Investment Partners, Inc.