Virtus Stone Harbor Emerging Markets Income Fund Announces Results of Annual Meeting of Shareholders
23 Mai 2023 - 3:05PM
Business Wire
Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF)
announced the following results of its annual meeting of
shareholders that was held on May 22, 2023:
Item 1. Election of Class III
Trustees
For
Withheld
# of
Shares
% of
Shares Voted
# of
Shares
% of
Shares Voted
F. Ford Drummond
11,105,662
94%
698,369
6%
Sidney E. Harris
11,088,732
94%
715,299
6%
Philip R. McLoughlin
11,131,041
94%
672,990
6%
Geraldine M. McNamara
11,156,890
95%
647,141
5%
Item 2. Approval of additional
common shares of EDF in connection with the proposed reorganization
of EDI into EDF
For
Against
Abstain
# of
Shares
% of
Shares Voted
# of
Shares
% of
Shares Voted
# of
Shares
% of
Shares Voted
4,717,990
82%
806,962
14%
245,344
4%
With shareholder approval to issue additional shares of EDF’s
common stock having been attained, Virtus Stone Harbor Emerging
Markets Total Income Fund (NYSE: EDI) will be reorganized with and
into EDF on or about August 4. The surviving fund will continue to
be known as Virtus Stone Harbor Emerging Markets Income Fund and
will retain the EDF ticker symbol. The transaction is expected to
qualify as a tax-free reorganization for federal income tax
purposes and will be effected at each fund’s respective net asset
value (NAV) at the time of the reorganization.
About the Fund
Virtus Stone Harbor Emerging Markets Income Fund (EDF) is a
non-diversified, closed-end management investment company managed
by Stone Harbor Investment Partners, which is a division of Virtus
Fixed Income Advisers, LLC. The Fund’s investment objective is to
maximize total return, which consists of income on its investments
and capital appreciation. The Fund normally will invest at least
80% of its net assets (plus any borrowings for investment purposes)
in emerging markets securities, including fixed income securities
and other instruments (including derivatives) that are economically
tied to emerging market countries, that are denominated in the
predominant currency of the local market of an emerging market
country or whose performance is linked to those countries’ markets,
currencies, economies or ability to repay loans. There is no
assurance that the Fund will achieve its investment objective.
For more information on the Fund, contact Shareholder Services
at (866) 270-7788, by email at closedendfunds@virtus.com, or
through the Closed-End Funds section of virtus.com.
Fund Risks
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 NAV.
For more information about the Fund’s investment objective and
risks, please see its most recent annual report, which may be
obtained free of charge by contacting Shareholder Services at (866)
270-7788, by email at closedendfunds@virtus.com, or through the
Closed-End Funds section of virtus.com.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. For more information, visit virtus.com.
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Shareholder Services (866) 270-7788
closedendfunds@virtus.com
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