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Stone Harbor Emerging Markets Total Income Fund Declares Monthly Distributions of $0.1511 Per Share

Stone Harbor Emerging Markets Total Income Fund (“the Fund”), which is traded on the New York Stock Exchange under the symbol “EDI”, announced the declaration of monthly distributions of $0.1511 per common share, payable on the dates noted below. Based on the Fund’s current share price of $12.84 and net asset value per share of $11.36 (as of close on July 22, 2019), the distributions represent an annualized distribution rate of 14.12% and 15.96% respectively.

The following dates apply to the distributions declared:

Ex-Distribution Date

Record Date

Payable Date

August 16, 2019

August 19, 2019

August 29, 2019

September 13, 2019

September 16, 2019

September 26, 2019

October 18, 2019

October 21, 2019

October 31, 2019

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been declared by the Board of Directors. In early 2020, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

The Fund is a non-diversified, closed-end management investment company that is managed by Stone Harbor Investment Partners LP (“Stone Harbor”). The 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 the Fund will achieve its investment objective.

The Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in emerging markets debt, which includes fixed income securities and other instruments, including derivatives, that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked to those countries’ markets, currencies, economies or ability to repay loans. The Fund normally expects to invest up to 20% of its total assets in emerging markets equity, which includes securities issued by either single country or regional exchange-traded funds, common stocks, preferred stocks, other equity securities and other instruments (including derivatives) that are economically tied to the equity markets of emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries’ markets, currencies, or economies. A security or instrument is economically tied to an emerging market country if it is principally traded on the country’s securities markets or if the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country.

Stone Harbor Investment Partners LP is a global institutional fixed income investment manager, specializing in credit and asset allocation strategies. 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. Based in New York, Stone Harbor employs approximately 119 people across its headquarters and offices in Chicago, London, Melbourne and Singapore. Founded in 2006, Stone Harbor is an employee-owned partnership with approximately $23.7 billion of assets under management as of June 30, 2019. For more information, please visit Stone Harbor’s website at www.shiplp.com.

For more complete information, please call 877.206.0791 (toll-free) or visit the Fund’s website - www.shiplpcef.com.

The Stone Harbor Emerging Markets Total Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol EDI. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Contacts:

John Dispigno, 1-877-206-0791

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