HARTFORD, Conn., July 5, 2022
/PRNewswire/ -- Four Virtus closed-end funds announced the legal
reorganization of their fixed income investment subadvisers. There
are no changes to the funds' investment professionals, investment
objectives or investment strategies in connection with the legal
Effective July 1, 2022, Newfleet
Asset Management, which is a manager of Virtus Global Multi-Sector
Income Fund (NYSE: VGI) and Virtus Total Return Fund Inc. (NYSE:
ZTR), and Stone Harbor Investment Partners, LLC, which manages
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI),
both wholly owned affiliates of Virtus Investment Partners, Inc.
("Virtus"), were legally reorganized as separate divisions of
Virtus Fixed Income Advisers, LLC ("VFIA"), a wholly owned
subsidiary of Virtus. Newfleet and Stone
Harbor continue to manage portfolios independently. There
was no change of control as a result of the legal reorganization.
The subadvisory agreements for the funds were transferred to, and
assumed by, VFIA with no other changes.
For more information on these funds, contact shareholder
services at (800) 254-5197, by email at email@example.com,
or through the Closed-End Funds section of virtus.com.
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 each fund's
investment objective and risks, please see the fund's annual
report. A copy of each 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.
SOURCE Virtus Global Multi-Sector Income Fund; Virtus Total
Return Fund Inc.; Virtus Stone Harbor Emerging Markets Income Fund;
Virtus Stone Harbor Emerging Markets Total Income Fund