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 $0.08 per common share, payable on the dates noted below. Based on the Fund's current share price of $7.02 and net asset value per share of $5.18 (as of close on April 21, 2020), the distributions represent an annualized distribution rate of 13.68% and 18.53%, respectively.
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.
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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 $0.17 per common share, payable on the dates noted below. Based on the Fund's current share price of $13.54 and net asset value per share of $9.05 (as of close on January 21, 2020), the distributions represent an annualized distribution rate of 15.07% and 22.54% respectively.
NEW YORK, Oct. 23, 2019 /PRNewswire/ -- 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 $13.03 and net asset value per share of $9.15 (as of close on October 22, 2019), the distributions represent an annualized distribution rate of 16.58% and 23.61% respectively. 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 and 2021, 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).
EDF stock slumped on Thursday, as the European energy giant warned nuclear power output would fall by 20% this year as a result of the coronavirus pandemic.
On March 26, 2020, 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 $0.17 per share to shareholders of record at the close of business on March 16, 2020. 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.