Virtus Stone Harbor Emerging Markets Income Fund : November 17, 2022

News Release

Virtus Stone Harbor emerging markets income fund

Reports distributions

HARTFORD, CT, November 17, 2022 – Virtus Stone Harbor emerging markets income fund

(NYSE: EDF), today announced the following monthly dividends:

Distribution amounts reported in this information are estimates only and are not available for tax reporting purposes. The actual amount and sources of distributions for tax purposes will depend on the Fund’s investment experience during the remainder of the fiscal year and may change in accordance with tax regulations. Your fund or broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Fund

Virtus Stone Harbor emerging markets income fundyeah not different closed-endmanagement investment company managed by Stone Harbor Investment Partners. The Fund’s primary investment objective is to maximize total return, consisting of income and capital appreciation on its investments in emerging market securities. There is no assurance that the Fund will achieve its investment objective.

For more information about the Fund, contact shareholder services at (866) 270-7788, by email at [email protected]or through Close-EndFundssection virtus.com.

Fund Risks

An investment in a fund involves risk, including the risk of possible loss of principal. A fund’s shares may sell for less than what an investor paid for them. Closed-end shares

Virtus Stone Harbor Emerging Markets Fund – 2

Funds can trade at a premium or discount to their net asset value. For more information on the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” identified at the end of this press release.

About Stone Harbor

Stone Harbor Investment PartnersIs a global institutional investment manager specializing in credit and equity allocation strategies. The firm manages the assets of institutional clients across a range of investment strategies, including emerging markets debt, global high yield, bank debt, as well as multi-sector credit products, including unlimited and total return approaches. The firm’s investment strategies are based on fundamental insights, derived from a combination of proprietary research and the deep knowledge and professional experience of the firm’s team. Founded in 2006, it is based in New York City with additional offices in London and Singapore. Stone Harbor Investment Partners is a division of Virtus Fixed Income Advisers, LLC, a registered investment advisor affiliated with Virtus Investment Partners. For more information, visit shipemd.com.

About Virtus Investment Partners, Inc.

Virtus Investment Partners(NASDAQ: VRTS) is a diversified partnership of boutique investment managers uniquely committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select advisors, each with a distinct investment style, proprietary investment process, and personal brand. For more information, visit virtus.com.

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For More Information:

Affiliate Services

1. 270-7788[email protected]