Virtus Stone Harbor Emrgng Mrkt Incm Fnd (N:EDF)

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
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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

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