Form N-8F - Application for Deregistration
05 Juni 2024 - 3:32PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-8F
Application
for Deregistration of Certain Registered Investment Companies.
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I. |
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General Identifying Information |
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1. |
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Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1 above): |
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☒ |
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Merger |
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☐ |
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Liquidation |
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☐ |
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Abandonment of Registration |
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(Note: Abandonments of Registration answer only questions 1 through 15, 24 and 25 of this form and complete verification at the end of the form.) |
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☐ |
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Election of status as a Business Development Company |
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(Note: Business Development Companies answer only questions 1 through 10 of this form and complete verification at the end of the form.) |
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2. |
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Name of fund: Virtus Stone Harbor Emerging Markets Total Income Fund |
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3. |
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Securities and Exchange Commission File No.: 811-22716 |
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Is this an initial Form N-8F or an amendment to a previously filed Form N-8F? |
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☒ Initial Application |
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☐ Amendment |
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5. |
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Address of Principal Executive Office (include No. & Street, City, State, Zip Code): |
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101 Munson Street Greenfield, MA
01301-9683 |
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6. |
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Name, address, and telephone number of individual the Commission staff should contact with any questions regarding this form: |
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Jennifer Fromm Virtus Investment
Partners One Financial Plaza Hartford, CT 06103-2608
860-263-4790 |
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7. |
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Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in accordance with rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-l, .31a-2]: |
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Virtus Fund Services, LLC One
Financial Plaza Hartford, CT 06103 866-270-7788
Stone Harbor Investment Partners, a division of Virtus Fixed Income Advisers, LLC
31 West 52nd Street, 16th Floor
New York, NY 10019 212-548-1200 The Bank of New York
Mellon 240 Greenwich Street New York, NY 10286-1048
212-495-1784
Computershare Trust Company, N.A.
P.O. Box 43078 Providence, RI 02940-3078
888-909-9922
Virtus Alternative Investment Advisers, Inc.
One Financial Plaza Hartford, CT 06103
800-248-7971
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Note: |
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Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-l and 31a-2 for the periods
specified in those rules. |
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8. |
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Classification of fund (check only one): |
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Management company; |
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Unit investment trust; or |
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Face-amount certificate company. |
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9. |
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Subclassification if the fund is a management company (check only one): |
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☐ Open-end |
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☒ Closed-end |
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10. |
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State law under which the fund was organized or formed (e.g., Delaware, Massachusetts): Massachusetts |
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11. |
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Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even if the funds contracts with those advisers
have been terminated: |
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Investment Adviser:
Virtus Alternative Investment Advisers, Inc. One Financial
Plaza Hartford, CT 06103
Stone Harbor Investment Partners, LLC (formerly, Stone Harbor Investment Partners LP)
31 West 52nd Street, 16th Floor
New York, NY 10019 Stone Harbor Investment Partners LP served as
the investment adviser to the Fund until December 31, 2021. Effective January 1, 2022, it converted to a Delaware limited liability company, Stone Harbor Investment Partners, LLC, and served as investment manager until April 10,
2022. Investment Sub-Adviser:
Stone Harbor Investment Partners, a division of Virtus Fixed Income Advisers, LLC
31 West 52nd Street, 16th Floor
New York, NY 10019
Stone Harbor Investment Partners, LLC 31 West 52nd Street, 16th Floor New York, NY 10019 |
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12. |
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Provide the name and address of each principal underwriter of the fund during the last five years, even if the funds contracts with those underwriters have been terminated: |
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13. |
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If the fund is a unit investment trust (UIT) provide: |
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(a) |
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Depositors name(s) and addressees): |
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(b) |
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Trustees name(s) and address(es): |
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14. |
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Is there a UIT registered under the Act that served as a vehicle for investment in the fund (e.g., an insurance company separate account)? |
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☐ Yes ☒ No |
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If Yes, for each UIT state: |
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Name(s): |
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File No.: 811- |
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Business Address: |
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15. |
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(a) Did the fund obtain approval from the board of directors
concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration? |
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☒ Yes ☐ No |
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If Yes, state the date on which the board vote took place: March 1, 2023 |
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If No, explain: |
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(b) Did the fund obtain approval from the shareholders concerning
the decision to engage in a Merger, Liquidation or Abandonment of Registration? |
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☐ Yes ☒ No |
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If Yes, state the date on which the shareholder vote took place: |
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If No, explain: |
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No shareholder vote was required under the Investment Company Act of 1940, as amended, the applicable laws
of the Commonwealth of Massachusetts or the Funds governing documents. |
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II. |
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Distributions to Shareholders |
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16. |
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Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation? |
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☒ Yes ☐ No |
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(a) If Yes, list the date(s) on which the fund made those
distributions: December 15, 2023 |
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(b) Were the distributions made on the basis of net
assets? |
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☒ Yes ☐ No |
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(c) Were the distributions made pro rata based on share
ownership? |
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☒ Yes ☐ No |
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(d) If No to (b) or (c) above, describe the method of
distributions to shareholders. For Mergers, provide the exchange ratio(s) used and explain how it was calculated: |
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(e) Liquidations only:
Were any distributions to shareholders made in kind? |
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☐ Yes ☐ No |
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If Yes, indicate the percentage of fund shares owned by affiliates, or any other affiliation of
shareholders: |
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17. |
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Closed-end funds only: |
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Has the fund issued senior securities? |
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☐ Yes ☒ No |
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If Yes, describe the method of calculating payments to senior securityholders and distributions to other shareholders: |
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18. |
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Has the fund distributed all of its assets to the funds shareholders? |
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☒ Yes ☐ No |
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If No,
(a) How many shareholders does the fund have as of the date this form is filed?
(b) Describe the relationship
of each remaining shareholder to the fund: |
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19. |
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Are there any shareholders who have not yet received distributions in complete liquidation of their interests? |
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☐ Yes ☒ No |
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If Yes, describe briefly the plans (if any) for distributing to, or preserving the interests of, those shareholders: |
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III. |
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Assets and Liabilities |
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20. |
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Does the fund have any assets as of the date this form is filed? |
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(See question 18 above) |
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☐ Yes ☒ No |
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If Yes,
(a) Describe the type and amount of each asset retained by the fund as of the date this form is
filed: (b) Why has the
fund retained the remaining assets?
(c) Will the remaining assets be invested in securities? |
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☐ Yes ☐ No |
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21. |
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Does the fund have any outstanding debts (other than face-amount certificates if the fund is a face-amount certificate company) or any other liabilities? |
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☐ Yes ☒ No |
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If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend
to pay these outstanding debts or other liabilities? |
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IV. |
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Information About Event(s) Leading to Request For Deregistration |
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22. |
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(a) List the expenses incurred in connection with the Merger or
Liquidation: |
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(i) Legal expenses: $358,000
(ii) Accounting expenses:
$11,000 (iii) Other expenses
(list and identify separately): NYSE listing fees:
$41,000 Printing/mailing: $34,000
Transfer agent: $26,000
SEC fees: $5,000
(iv) Total expenses (sum of lines (i)-(iii) above): $475,000 |
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(b) How were those expenses allocated?
Total expenses were allocated between the Fund and the Virtus Stone
Harbor Emerging Markets Income Fund (the Acquiring Fund) pro rata based on each funds average net assets. |
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(c) Who paid those expenses?
The Fund and the Acquiring Fund. |
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(d) How did the fund pay for unamortized expenses (if any)?
The Fund had no unamortized expenses. |
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23. |
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Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation? |
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☐ Yes ☒ No |
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If Yes, cite the release numbers of the Commissions notice and order or, if no notice or order has been issued, the file number and date the application was filed: |
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V. |
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Conclusion of Fund Business |
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24. |
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Is the fund a party to any litigation or administrative proceeding? |
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☐ Yes ☒ No |
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If Yes, describe the nature of any litigation or proceeding and the position taken by the fund in that litigation: |
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25. |
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Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its affairs? |
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☐ Yes ☒ No |
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If Yes, describe the nature and extent of those activities: |
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VI. |
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Mergers Only |
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26. |
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(a) State the name of the fund surviving the Merger: Virtus
Stone Harbor Emerging Markets Income Fund |
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(b) State the Investment Company Act file number of the fund
surviving the Merger: 811-22473 |
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(c) If the merger or reorganization agreement has been filed with
the Commission, state the file number(s), form type used and date the agreement was filed:
File no. 333-271026
Form N-14
November 7, 2023 |
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(d) If the merger or reorganization agreement has not
been filed with the Commission, provide a copy of the agreement as an exhibit to this form. |
VERIFICATION
The undersigned states that (i) he or she has executed this Form N-8F application for an order
under section 8(f) of the Investment Company Act of 1940 on behalf of Virtus Stone Harbor Emerging Markets Total Income Fund, (ii) he or she is the Secretary of Virtus Stone Harbor Emerging Markets Total Income Fund, and (iii) all actions
by shareholders, directors, and any other body necessary to authorize the undersigned to execute and file this Form N-8F application have been taken. The undersigned also states that the facts set forth in
this Form N-8F application are true to the best of his or her knowledge, information, and belief.
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/s/ Jennfer S. Fromm |
Jennifer S. Fromm |
Secretary |
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