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Post by xray on Apr 22, 2021 15:12:00 GMT
EDI and EDF lowered their dividends [by $0.01/month] to $.08/month [0.96/Yr] starting in May....
Current x-div's are 5/14, 6/11, 7/16. Pay 5/27, 6/24, 7/29
Disclosure: Many of us have no current positions in either EDI/EDF because of their very "HIGH" premiums associated with the MktPrc's....
Live Long and Prosper....
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Post by xray on Jun 30, 2021 22:21:30 GMT
DENVER, June 29, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. ("Virtus") (NASDAQ: VRTS) and Stone Harbor Investment Partners LP ("Stone Harbor") announced yesterday that they have entered into an agreement for Virtus to acquire 100% of Stone Harbor. (PRNewsfoto/Stone Harbor Emerging Markets) (PRNewsfoto/Stone Harbor Emerging Markets) Stone Harbor serves as the investment manager to the closed-end funds Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) (the "Funds"). The agreement is not expected to result in a change to the current personnel responsible for day-to-day portfolio management of the Funds. Subject to certain conditions and approvals, Stone Harbor and Virtus expect that the arrangements will be in place by the end of calendar year 2021. 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. For more information about the Funds, please call 877.206.0791 (toll-free) or visit the Funds' website - www.shiplpcef.com. About Stone Harbor Stone Harbor Investment Partners LP is a global institutional fixed-income investment manager specializing in credit and asset allocation strategies. The firm manages institutional clients' assets in a range of investment strategies including emerging markets debt, global high yield, bank loans, as well as multi-sector credit products including unconstrained and total return approaches. The firm's investment strategies are based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialized experience of the firm's team. Founded in 2006, it is based in New York City with additional offices in London and Singapore. Disclosure: Many of us have no current positions in either EDI/EDF because of their very "HIGH" premiums associated with the MktPrc's.... Live Long and Prosper.... |
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Post by xray on Jul 28, 2021 15:40:26 GMT
EDF News:
Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions Of $0.07 Per Share
Tue, July 27, 2021, 4:25 PM
NEW YORK, July 27, 2021 /PRNewswire/ -- Stone Harbor Emerging Markets Income Fund ("the Fund"), which is traded on the New York Stock Exchange under the symbol "EDF", announced the declaration of monthly distributions of $0.07 per common share, payable on the dates noted below. Based on the Fund's current share price of $8.29 and net asset value per share of $7.01 (as of close on July 26, 2021), the distributions represent an annualized distribution rate of 10.13% and 11.98%, respectively.
Ex-Distribution Date
8/9, 9/13, 10/8 ... Pay 8/20, 9/24, 10.22
As of the date of this release, the Fund's shares are trading at a premium to net asset value ("NAV"). When the Fund is trading at a premium, shareholders that participate in the Fund's Dividend Reinvestment Plan (the "Plan") will generally have their distributions invested in newly issued common shares at a discount to the Fund's market price, as set forth in more detail in the Plan. Additional information about the Plan is included in the Fund's annual and semi-annual reports to shareholders. Shareholders who hold their shares through brokers or other financial intermediaries should discuss with their financial intermediaries whether it would be beneficial to participate in the Fund's Plan.
Disclosure: Some of us have taken a position in EDF [as a Speculative Penny Stock] on 7/19....
Quick Data Review [COB Friday]:
Market Price 8.18
NAV: 7.01
Distribution: $0.07/Month [$0.84/Yr]
6Star [neutral]
13wk Star Rating: 7.00
Report Card 71 [Neutral]
Power Rating: 78 [must be higher than Report Card by +4
Live Long and Prosper....
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Post by xray on Sept 27, 2021 16:44:03 GMT
Be aware that both EDF and EDI have totally collapsed and are currently 2star [sell rating] with a current report card of 40...
Investor beware "status" ....
Live Long and Prosper....
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Post by xray on Oct 21, 2021 10:54:37 GMT
EDF distribution [lowered] News:
PR Newswire
Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions Of $0.06 Per Share
Wed, October 20, 2021, 4:15 PM
EDF
+0.13%
NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Stone Harbor Emerging Markets Income Fund ("the Fund"), which is traded on the New York Stock Exchange under the symbol "EDF", announced the declaration of monthly distributions of $0.06 per common share, payable on the dates noted below. Based on the Fund's current share price of $7.70 and net asset value per share of $6.83 (as of close on October 19, 2021), the distributions represent an annualized distribution rate of 9.35%% and 10.54%, respectively.
For the three months listed, the Fund's monthly distribution was reduced from the previous monthly distribution by $0.01 per share. The change in the Fund's distribution takes into account many factors, including but not limited to, the Fund's current and expected earnings, the Fund's net asset value, the overall market environment, changes in foreign exchange rates, and Stone Harbor's current economic and market outlook. Shareholders should note that to the extent the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. The Fund's distribution rate is subject to change
As of the date of this release, the Fund's shares are trading at a premium to net asset value ("NAV").
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Comment: Investors keep investing into one of the worst performing CEF's [gives CEF's a bad name IMHO]. Always trading with a premium and drawing new investors into their high yield. Current NAV this morning 6.82 [again lower than 6.87 against COB Friday] with a MktPrc of 7.77 [again Higher than 7.60 COB Friday]. EDI [also] remains as a very bad investment currently with a $0.07 monthly distribution announcement [$0.84/Yr]. Both continue to have a 2star rating [SELL NOW] rating with a report card of "30"....
Disclosure: Many of us continue to not have a position in either CEF @ this time....
Live Long and prosper....
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Post by Fearchar on Oct 21, 2021 15:47:03 GMT
Junk bonds are not exactly bargains right now.
Too many people greedily chasing after their yields.
Premiums are just not there.
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Post by steelpony10 on Oct 21, 2021 16:27:37 GMT
xray, Fearchar, Lowered distributions which go up an down. Standard stuff. The underlying positions pay out less so add borrowing costs, leverage, and that’s why management fees are higher. The CEF’s with premiums and more assets under management are seen as better managed.
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Post by xray on Dec 1, 2021 18:16:02 GMT
Fearchar, steelpony10, Your: Lowered distributions which go up an down. Standard stuff. The underlying positions pay out less so add borrowing costs, leverage, and that’s why management fees are higher. The CEF’s with premiums and more assets under management are seen as better managed. ---------- PR Newswire Stone Harbor Emerging Markets Total Income Fund Announcement June 29, 2021DENVER, June 29, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. ("Virtus") (NASDAQ: VRTS) and Stone Harbor Investment Partners LP ("Stone Harbor") announced yesterday that they have entered into an agreement for Virtus to acquire 100% of Stone Harbor.Stone Harbor serves as the investment manager to the closed-end funds Stone Harbor Emerging Markets Income Fund (NYSE: EDF) and Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) (the "Funds"). The agreement is not expected to result in a change to the current personnel responsible for day-to-day portfolio management of the Funds. Subject to certain conditions and approvals, Stone Harbor and Virtus expect that the arrangements will be in place by the end of calendar year 2021.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. ---------- Comment: EDF and EDI investors currently (continues) taking a "BATH" with their continued down cycles. EDF continues to reduce their previous dividends (EDI expected to follow). My current data is showing them both at a continued 2star ( IMMEDIATE SELL) with report card grades of less <30. A lesson of never to buy/hold forever (IMHO).... Live Long and Prosper....
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Post by xray on Jul 23, 2022 13:42:43 GMT
French Government to Pay $9.8B to Take EDF Private
July 19, 2022 at 3:01 a.m. ET
By Cristina Roca
The French government said Tuesday that it plans to pay about 9.7 billion euros ($9.84 billion) to take Electricite de France SA private.
The French state plans to launch a public tender offer of EUR12 a share for all the shares it doesn't already own in the energy company, representing about 15.9% of its capital, the Finance Ministry said. It will also buy other instruments, it said.
The offer price represents a significant premium compared with EDF shares' closing price of EUR8.48 on July 4, the day before the French state made public its plans to take the company private.
The ministry expects that the offer will be filed to the regulator by early September.
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Comment: Hopefully no investors is still in either EDI or EDF (euro based) as both have gone well below "garbage" status (over the past year) for any income oriented investors. Lesson learned by those who still have in portfolio's "NEVER BUY/HOLD FOREVER"....
Live Long and Prosper....
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