Virtus Stone Harbor Emerging Markets Income Fund : EDF and EDI Tax Information
January 25, 2023 at 05:51 pm
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VIRTUS CLOSED-END FUNDS
2022 TAX INFORMATION - COMMON STOCK SHAREHOLDERS
PLEASE READ CAREFULLY
To assist you and your tax professional in completing your tax return, we are providing you with the following information. The table below indicates the tax character of distributions paid by the Virtus Closed-End Funds listed below on its common stock for the calendar year 2022. Please consult with your tax advisor for information related to your personal tax situation.
Per Share
As a Percentage of Ordinary
Return of
Income Dividends
Capital
Ordinary
Return of
Total
Qualified
Dividends
Capital Gain
Percentage
VIRTUS CLOSED-END FUND
Symbol
Income
Received
Distributions
Capital
Distributions
Dividends
Dividends
Deduction
Virtus Stone Harbor Emerging
EDF
$0.092
$0.000
$0.628
$0.720
87.22%
0.00%
0.00%
Markets Income Fund
Virtus Stone Harbor Emerging
EDI
$0.134
$0.000
$0.706
$0.840
84.05%
0.00%
0.00%
Markets Total Income Fund
Ordinary Income Dividends (shown in Box 1a of your Form 1099-DIV) - These distributions will be taxed as ordinary income whether received in cash or reinvested in stock.
Capital Gain Distributions (shown in Box 2a of your Form 1099-DIV) - Shows the portion of the Fund's total distributions that represent long term capital gains.
Return of Capital (shown as "Nondividend distributions" in Box 3 of your Form 1099-DIV) - These distributions represent a non-taxable return of capital. These distributions are a tax-free return of capital and should not be reported as income, whether received in cash or reinvested in stock. The distributions from return of capital will, however, reduce your cost basis in the shares.
Qualified Dividends (shown in Box 1b of your Form 1099-DIV) - The percentage of the ordinary income dividends that may be eligible for reduced capital gains tax rates.
Dividends Received Deduction - The percentage of the ordinary income dividends that qualify for the dividends received deduction allowed to certain corporate shareholders.
Of the ordinary income dividends paid in 2022 by the Virtus Closed-End Funds listed above, no portion was derived from earnings on obligations of the U.S. Government.
If you have any questions on EDF or EDI, please visit the Virtus Closed-End Fund section of our website at Virtus.com or contact Shareholder Services at 1-866-270-7788, Monday through Thursday 8:30 a.m. to 6:00 p.m. Eastern Time and Fridays until 5:00 p.m.
IRS Circular 230 Disclosure: Any information contained in this communication (including any attachments) is not intended to be used, and cannot be used, to avoid penalties imposed under the U.S. Internal Revenue Code.
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Virtus Stone Harbor Emerging Markets Income Fund published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 17:50:09 UTC.
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.