Stone Harbor Emerging Markets Income Fund
October 27 2016 - 4:00PM
Business Wire
Notification of
Sources of Distribution
Statement Pursuant to Section 19(a) of the
Investment Company Act of 1940
On October 27, 2016 the Stone Harbor Emerging Markets Income
Fund (NYSE: EDF) (the “Fund”), a closed-end fund, will pay a
monthly distribution on its common stock of $0.18 per share to
shareholders of record at the close of business on October 17,
2016. The Fund, acting in accordance with an exemptive order
received from the Securities and Exchange Commission and with
approval of its Board of Trustees, adopted a managed distribution
policy under which the Fund may utilize capital gains, where
applicable, as part of regular monthly cash distributions to its
shareholders. This policy gives the Fund greater flexibility to
realize capital gains and to distribute those gains to
shareholders.
The following table sets forth the estimated amounts of the
current distribution and the cumulative distributions paid this
fiscal year-to-date from the sources indicated in the table. In
addition, the table shows the percentages of the total distribution
amount per share attributable to (i) net investment income, (ii)
net realized short-term capital gain, (iii) net realized long-term
capital gain and (iv) return of capital or other capital source.
These percentages are disclosed for the current distribution as
well as the fiscal year-to-date cumulative distribution amount per
share for the Fund.
Current Distribution from:
Per Share ($) % Net Investment Income
0.1349 74.94% Net Realized Short-Term Capital Gains 0.0000 0.00%
Net Realized Long-Term Capital Gains 0.0000 0.00% Return of Capital
or other Capital Source
0.0451 25.06%
Total (per common share) 0.1800 100.00%
Fiscal
Year-to-Date Cumulative
Distributions
from1:
Per Share ($) % Net Investment Income
1.6710 84.39% Net Realized Short-Term Capital Gains 0.0000 0.00%
Net Realized Long-Term Capital Gains 0.0000 0.00% Return of Capital
or other Capital Source
0.3090 15.61%
Total (per common share) 1.9800 100.00%
1 The Fund’s fiscal year is December 1 to November 30.
Information shown is for the period beginning December 1, 2015.
Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of this distribution or from
the terms of the Fund’s managed distribution policy.
The Fund estimates that it has distributed more than its
income and net realized capital gains, therefore, a portion of your
distribution may be a return of capital. A return of capital
may occur, for example, when some or all of the money that you
invested in the Fund is paid back to you. A return of
capital distribution does not necessarily reflect the Fund’s
investment performance and should not be confused with ‘yield’ or
‘income’.
The amounts and sources of distributions reported in this
19(a) Notice are only estimates, may change over time and are not
being provided for tax reporting purposes. The actual
amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund’s investment experience during the remainder
of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes.
Presented below are return figures, based on the change in the
Fund’s Net Asset Value per share (“NAV”), compared to the
annualized distribution rate for this current distribution as a
percentage of the NAV on the last day of the month prior to
distribution declaration date.
Fund Performance & Distribution Information
Annualized Distribution Rate as a Percentage of NAV^
14.20% Cumulative Distribution Rate as a Percentage of NAV*
13.02% Cumulative Total Return as a Percentage
of NAV** 19.47%
Average Annual Total Return***
5.25%
^ Based on the Fund’s NAV as of September 30, 2016 and the
October 27, 2016 distribution.
* Based on the Fund’s NAV as of September 30, 2016 and includes
distributions through October 27, 2016.
** Cumulative Total Return is the percentage change in the
Fund’s NAV including distributions paid and assuming reinvestment
of these distributions for the period December 1, 2015 through
September 30, 2016.
*** Average Annual Total Return represents the compound average
of the Annual NAV Total Returns of the Fund for the five year
period ending September 30, 2016. Annual NAV Total Return is the
percentage change in the Fund’s NAV over a year including
distributions paid and assuming reinvestment of these
distributions.
While the NAV performance may be indicative of the Fund’s
investment performance, it does not measure the value of a
shareholder’s investment in the Fund. The value of a shareholder’s
investment in the Fund is determined by the Fund’s market price,
which is based on the supply and demand for the Fund’s shares in
the open market.
The Fund’s Board of Trustees reviews the amount of any
distributions made pursuant to the Fund’s distribution policy and
considers the income earned and capital gain realized by the Fund,
as well as the Fund’s available capital. The Board of Trustees will
continue to monitor the Fund’s distribution level, taking into
consideration, among other things, the Fund’s net asset value and
market conditions. The Fund’s distribution policy is subject to
modification, suspension or termination by the Board of Trustees at
any time, which could have an adverse effect on the market price of
the Fund’s shares. The distribution rate should not be considered
the dividend yield or total return on an investment in the
Fund.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161027005026/en/
Stone Harbor Emerging Markets Income FundJohn Dispigno,
1-877-206-0791
Virtus Stone Harbor Emer... (NYSE:EDF)
Historical Stock Chart
From Apr 2024 to May 2024
Virtus Stone Harbor Emer... (NYSE:EDF)
Historical Stock Chart
From May 2023 to May 2024