Virtus Stone Harbor Emerging Markets Income Fund (EDF) Stock

British Gas owner Centrica PLC (LSE:CNA) said its electricity generation volumes will be increased by around nine terawatt hours between 2026 and 2030 after extensions were agreed in the life of four EDF-run nuclear power stations. The advanced gas-cooled reactor (AGR) power stations, which EDF runs but Centrica has a 20% stake, have been given lifetime extensions following a review process to see if they could continue providing energy without compromising safety.

EDF and British energy partner Centrica PLC (LSE:CNA) have extended the lives of four nuclear power stations located in Heysham, Hartlepool and Torness. Heysham 1 and Hartlepool were granted a one-year extension and are now expected to generate electricity until March 2027.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.06 December 12, 2024 December 30, 2024 $0.06 January 13, 2025 January 30, 2025 $0.06 February 13, 2025 February 27, 2025 $0.06 March 13, 2025 March 28, 2025 The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actu.

Investing in emerging market debt minimizes risk and diversifies portfolios, focusing on lower-risk countries and senior debt structures rather than high-yielding, volatile regions. EDF offers a high yield of nearly 15% with a stable distribution, making it an attractive buy as its premium to NAV has dropped. The strong US Dollar has impacted EDF's market price, but with global inflation receding and EM growth outpacing developed markets, EDF's appeal is set to rise.

Hinkley Point C developer EDF is reportedly seeking a further £4 billion to fund construction of the nuclear power plant as British Gas owner Centrica PLC (LSE:CNA) mulls an investment. French state-owned EDF is looking to raise the funds by selling stakes in the nuclear plant and in turn shares of the profit it makes from generating power, Bloomberg reported.

The Virtus Stone Harbor Emerging Markets Income Fund offers a high yield of 13.64%, appealing to income-seeking investors despite its recent underperformance. The EDF closed-end fund's strategy includes investing in local currency bonds, providing potential capital gains from currency appreciation against the U.S. dollar. The fund employs leverage to boost returns, but has a higher leverage ratio than most peers, posing slightly higher risk.

Rolls-Royce is one of five companies that have submitted designs for a new range of small modular reactors or mini-nukes according to reports this morning. Submissions had to be made by 4pm yesterday with the two winning designs to be chosen by the end of the year.

The Virtus Stone Harbor Emerging Markets Income Fund offers a high level of income with a 12.88% yield, higher than its peers. The fund's share price performance over the past few years has been very disappointing, but the distribution has mostly made up for it. The fund's allocation to Argentinean debt has decreased, making it somewhat safer. It is uncertain whether recent reforms have improved the country's risk profile over the long term, though.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.06 July 11, 2024 July 11, 2024 July 30, 2024 $0.06 August 12, 2024 August 12, 2024 August 29, 2024 The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purpos.