Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 101 Munson Street, Suite 104 GREENFIELD MA 01301 |
Tel: | N/A |
Website: | https://www.virtus.com/our-products/individual-investors/closed-end-funds#/asset_sub_class.null/share_class_id.16/type.daily/relation.nav |
IR: | See website |
Key People | ||
Peter J. Wilby Chairman of the Board of Trustees, President, Chief Executive Officer | Suneeta Krishnan Vice President, Assistant Treasurer | Patrick W. Bradley Chief Financial Officer, Executive Vice President, Treasurer |
Richard W. Smirl Executive Vice President | Peter J. Batchelar Senior Vice President | Julia R. Short Senior Vice President |
Timothy Branigan Chief Compliance Officer, Vice President | Jennifer S. Fromm Vice President, General Counsel, Secretary | Nikita K. Thaker Vice President, Controller, Assistant Treasurer | Amy Hackett Vice President, Assistant Treasurer |
Business Overview |
Virtus Stone Harbor Emerging Markets Income Fund (the Fund), formerly Stone Harbor Emerging Markets Income Fund, is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. The Fund may invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets debt. The Fund invests in various sectors, such as Sovereign Hard Currency, Corporate Hard Currency, Sovereign Local Currency, and Corporate Local Currency. The Fund invests in various geographical locations, including Brazil, Argentina, Mexico, South Africa, Russia, Ivory Coast, Colombia, Indonesia, Ghana, Ecuador, Venezuela, Lebanon, Costa Rica, Nigeria, and Kenya. The Fund's investment advisor is Virtus Investment Partners, Inc. |
Financial Overview |
For the fiscal year ended 30 November 2023, Virtus Stone Harbor Emrgng Mrkt Incm Fnd revenues decreased 4% to $10.8M. Net income applicable to common stockholders totaled $13.9M vs. loss of $22.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Unrealized G/L on Investment Securities increase from $46K to $13.8M (income). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $164.26M as of Nov 30, 2023 |
Annual revenue (TTM): | $10.84M as of Nov 30, 2023 |
EBITDA (TTM): | $8.15M as of Nov 30, 2023 |
Net annual income (TTM): | $13.93M as of Nov 30, 2023 |
Free cash flow (TTM): | $3.00M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | $11.86M as of Nov 30, 2023 |
Shares outstanding: | 29,028,048 as of Apr 3, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |