On December 27, 2018, the Stone Harbor Emerging Markets Total Income Fund will pay a monthly distribution on its common stock of $0.1511 per share to shareholders of record at the close of business on December 14, 2018. The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Trustees, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular monthly cash distributions to its shareholders.