Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) Position Cut by Bessemer Group Inc.
Bessemer Group Inc. cut its stake in shares of Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,873 shares of the company’s stock after selling 22,585 shares during the period. Bessemer Group Inc.’s holdings in Stone Harbor Emerging Markets Income Fnd were worth $1,935,000 at the end of the most recent reporting period.
Separately, Janney Montgomery Scott LLC raised its position in Stone Harbor Emerging Markets Income Fnd by 26.5% in the second quarter. Janney Montgomery Scott LLC now owns 17,630 shares of the company’s stock valued at $280,000 after buying an additional 3,695 shares during the last quarter.
Stone Harbor Emerging Markets Income Fnd (NYSE EDF) opened at 16.05 on Friday. Stone Harbor Emerging Markets Income Fnd has a 12-month low of $13.35 and a 12-month high of $17.14. The company has a 50-day moving average of $16.28 and a 200 day moving average of $16.17.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.46%. The ex-dividend date is Thursday, August 17th.
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About Stone Harbor Emerging Markets Income Fnd
Stone Harbor Emerging Markets Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize total return, which consists of income on its investments and capital appreciation. The Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets securities, including fixed income securities and other instruments (including derivatives) that are economically tied to emerging market countries.
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