Stone Harbor Emerging Markets Total Income Fund ("the Fund"), which is traded on the New York Stock Exchange under the symbol "EDI", announced the declaration of monthly distributions of $0.1511 per common share, payable on the dates noted below. Based on the Fund's current share price of $12.02 and net asset value per share of $10.34 (as of close on January 21, 2020), the distributions represent an annualized distribution rate of 15.08% and 17.54% respectively.
Stone Harbor Emerging Markets Total Income Fund ("the Fund"), which is traded on the New York Stock Exchange under the symbol "EDI", 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 $6.75 and net asset value per share of $5.90 (as of close on April 21, 2020), the distributions represent an annualized distribution rate of 14.22% and 16.27%, respectively.
On March 26, 2020, the Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) (the "Fund"), a closed-end fund, will pay a monthly distribution on its common stock of $0.1511 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.