Stone Harbor Investment Partners, LLC, which became an affiliated manager of Virtus Investment Partners, Inc. effective January 1, 2022, will remain as adviser to its registered funds, including the Stone Harbor Emerging Markets Income Fund and Stone Harbor Emerging Markets Total Income Fund (together, the “Funds”) pursuant to an interim advisory agreement between Stone Harbor and the Funds.
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The acquisition of Stone Harbor by Virtus is not expected to result in a change to the current personnel responsible for day-to-day portfolio management of the Funds.
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Shareholders of the Funds have been asked to approve new advisory agreements with Virtus Alternative Investment Advisers, Inc. and sub-advisory agreements with Stone Harbor. Additional information on the advisory and sub-advisory arrangements have been provided to shareholders and can be found in the proxy statement recently filed with the U.S. Securities and Exchange Commission.
Each Fund’s primary investment objective is to maximize total return, which consists of income and capital appreciation on its investments in emerging markets securities. There is no assurance that a Fund will achieve its investment objective.
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