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Stone Harbor Emerging Markets Income Fund Attracts $382.5 Million in IPO

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					Stone Harbor Emerging Markets Income Fund
Attracts $382.5 Million in IPO
February 07, 2011 06:33 AM Eastern Time  

NEW YORK--(EON: Enhanced Online News)--Stone Harbor Investment Partners LP (“Stone Harbor”), a global
fixed-income investment firm focused on credit risk strategies and asset allocation and one of the world’s leading
institutional emerging markets debt managers, announced today that it has successfully completed the initial public
offering of Stone Harbor Emerging Markets Income Fund (the “Fund”). The Fund issued 15.3 million common
shares at a price of $25 per share for a total of approximately $382.5 million.

The Fund began trading on the New York Stock Exchange on Thursday, December 23, 2010, under the symbol
“EDF.” The Fund’s common shares were distributed through a group of underwriters led by Wells Fargo Securities,
LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., and UBS Securities LLC. 
Stone Harbor is the Fund’s investment manager and is responsible for determining the Fund’s overall investment
strategy. Stone Harbor was awarded the 2010 Fixed Income (Non-US) Manager of the Year by Institutional
Investor magazine.1

Distributed by ALPS Fund Services, Inc., the Fund’s investment objective is to maximize total return, which consists
of income on its investments and capital appreciation. 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 securities,
which include 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. 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.

“One of the key differentiators of the Fund, in addition to dedicated access to an experienced, established team with
a lengthy track record, is the flexibility to invest across emerging markets sectors, which can provide the ability to
manage risk while seeking inefficiencies and opportunities within the market,” said Jim Craige, Portfolio Manager for
the Fund. “We believe the early stages of development of corporate debt and local currency sovereign debt in
emerging markets provides a compelling investment opportunity, one which has not been fully reflected in the
markets.” 

On January 27th, 2011, the Fund declared its first three monthly distributions of $0.18 per common share per
month. Based on the Fund’s initial public offering price, the distribution represents an annualized distribution rate of
8.64%. “We are pleased with the distribution rate that the Fund announced as compared to expectations,” stated
Craige.

**REMINDER**

Portfolio Manager Conference Call Scheduled for February 8

Please join the Stone Harbor Emerging Markets Income Fund portfolio management team for an update on the
emerging country debt markets and a review of the Fund's strategy.

Date: February 8 at 4:15 p.m. ET
Toll-free dial-in number: (866) 395-6628
Replay availability: Until February 15
Replay Number (Toll Free): (800) 642-1687

Conference ID40575101

Stone Harbor is a global fixed-income investment manager specializing in credit and asset allocation
strategies. The firm’s investment strategies are based on fundamental insights, gleaned from a combination
of proprietary research and the in-depth knowledge and specialized experience of the firm’s team.Stone
Harbor employs over 100 people spread across its headquarters in New York and offices in London and
Singapore.Founded in 2006, Stone Harbor is an employee-owned partnership with approximately $30 billion
in assets under management as of December 31, 2010.For more information, please visit Stone Harbor’s
website at www.shiplp.com. There is no assurance that the Fund will meet its investment objective or that
distributions will be made. You could lose some or all of your investment.Like any investment, the Fund’s
share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the
original investment. Shares of closed-end funds frequently trade at a discount to their net asset value.An
investor should consider the Fund’s investment objective, risks, charges and expenses carefully before
investing, and may request a copy of the Fund’s prospectus which contains this and other information about
the Fund by calling 877.206.0791 (toll- free) or visiting the Fund ’s website, www.shiplpcef.com.

Statements made in this release that look forward in time involve risks and uncertainties and are forward-
looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks
and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a
decline in the Fund’s performance, a general downturn in the economy, competition from other companies,
changes in government policy or regulation, inability to attract or retain key employees, inability to
implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related
to legal proceedings or investigations of governmental and self-regulatory organizations. The Fund’s ability
to pay dividends to common shareholders is subject to the restrictions in its registration statement, bylaws
and other governing documents, as well as the Investment Company Act of 1940. There can be no assurance
that the Fund will continue to pay distributions at the annualized rate set forth above.

1 Institutional Investor magazine’s U.S. Investment Management Awards recognize U.S. institutional
investors whose innovative strategies and fiduciary savvy resulted in impressive returns over the past year,
as well as U.S. money managers in 20 asset classes and strategies who stood out in the eyes of the investor
community for their exceptional performance, risk management and service. 3,000 Plan Sponsors (some of
which may have included current or former clients of Stone Harbor) were polled over a 6 week period.
Investor award winners were chosen by the editorial staff of Institutional Investor magazine based on their
market intelligence, performance data and additional information received from the industry following a
public call for nominations. Manager winners were also selected by the editors of the magazine based on the
results of a survey conducted of U.S. institutional investors. The award may not be representative of any one
client’s experience. The award is not indicative of Stone Harbor’s future performance.

Contacts
Teneo Strategy Consulting for Stone Harbor Emerging Markets Income Fund
Paul Keary, 212-886-1600

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Description: NEW YORK--(EON: Enhanced Online News)--Stone Harbor Investment Partners LP (“Stone Harbor”), a global fixed-income investment firm focused on credit risk strategies and asset allocation and one of the world’s leading institutional emerging markets debt managers, announced today that it has successfully completed the initial public offering of Stone Harbor Emerging Markets Income Fund (the “Fund”). The Fund issued 15.3 million common shares at a price of $25 per share for a total of approximately
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