The Stone Harbor Emerging Markets Income Fund (NYSE:EDF) is a closed-end fund that invests in fixed income securities of emerging markets including sovereign debt, corporate bonds, and related derivatives. The fund currently has $147 million in total assets and seeks to maximize total returns with a high level of income. Indeed, the fund's distribution yield currently at 15.5% has been a compelling attraction to the strategy. On the other hand, we note that NAV performance has been mixed relative to benchmarks while the fund just announced a cut to its monthly dividend rate