Virtus Stone Harbor Emerging Markets Total Income Fund Provides Update on Reorganization and Announces Monthly Distribution
Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) announced today its reorganization with and into Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is currently scheduled as of the close of business of the New York Stock Exchange on December 15, 2023.
The reorganization had been delayed pending regulatory approval related to the transfer or sale of certain foreign assets, which has since been resolved. The reorganized fund will retain the EDF ticker symbol and CUSIP 86164T107.
EDI also announced today the following monthly distribution:
EDI's board of trustees has voted to discontinue the dividend reinvestment program in advance of the last monthly distribution prior to the reorganization, which means that the December distribution will be paid in cash only.
EDI intends to distribute on the dates noted above the greater of $0.07 per share or all available net investment income and net short- and long-term capital gains prior to the reorganization date, in accordance with requirements under the Internal Revenue Code of 1986, as amended. The amount of any supplemental distribution, if needed, will be announced on December 5, 2023.
The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
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