Stone Harbor Emerging Markets Income: Dividend Cut Is The Latest Bearish Signal
EDF is a closed-end fund that invests primarily in emerging market sovereign debt. We highlight the fund’s current premium to NAV near 50% as excessive and high risk for investors should the spread converge lower. The fund just announced a cut to its monthly dividend rate, the first in its nine-year history, that could represent a catalyst for …
News story posted on 2020-01-26T10:15:00.0000000Z
