Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions of $0.18 Per Share
April 24 2019 - 4:15PM
Business Wire
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 on the
Fund’s current share price of $12.74 and net asset value per share
of $10.35 (as of close on April 23, 2019), the distributions
represent an annualized distribution rate of 16.95% and 20.87%
respectively.
The following dates apply to the distributions declared:
Ex-Distribution Date Record Date
Payable Date May 16, 2019
May 17, 2019 May 30, 2019 June 14, 2019 June 17, 2019 June 27, 2019
July 12, 2019 July 15, 2019 July 25, 2019
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 2020,
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’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. Based in New York, Stone Harbor employs
approximately 125 people across its headquarters and offices in
Chicago, London, Melbourne and Singapore. Founded in 2006, Stone
Harbor is an employee-owned partnership with approximately $27.0
billion of assets under management as of March 31, 2019. 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.
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Stone Harbor Emerging Markets Income FundJohn Dispigno,
1-877-206-0791
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