Custom CollectionEditor never triggers a property's “set” method

Question

I am trying to implement a way of persisting a collection in a custom settings class. I have successfully created the settings class (inheriting ApplicationSettingsBase) and can save properties using the built-in editors on a PropertyGrid, but my custom implementation of a property grid for collections doesn't persist any of the values I add. Here's my code:

Imports System.Configuration
Imports System.ComponentModel
Imports System.Drawing.Design
Imports System.ComponentModel.Design

Public Class CustomSettings
    Inherits ApplicationSettingsBase

    <UserScopedSetting()> _
    <DefaultSettingValue("White")> _
    Public Property BackgroundColor() As Color
        Get
            BackgroundColor = Me("BackgroundColor")
        End Get
        Set(ByVal value As Color)
            Me("BackgroundColor") = value
        End Set
    End Property

    <UserScopedSetting()> _
    <DesignerSerializationVisibility(DesignerSerializationVisibility.Content)> _
    <Editor(GetType(CustomStringCollectionEditor), GetType(UITypeEditor))> _
    Public Property EmailAddresses() As Collection
        Get
            EmailAddresses = Me("EmailAddresses")
        End Get
        Set(ByVal value As Collection)
            Me("EmailAddresses") = value
        End Set
    End Property
End Class

Public Class CustomStringCollectionEditor
    Inherits CollectionEditor

    Public Sub New()
        MyBase.New(GetType(Collection))
    End Sub

    Protected Overrides Function CreateInstance(ByVal itemType As System.Type) As Object
        Return String.Empty
    End Function

    Protected Overrides Function CreateCollectionItemType() As System.Type
        Return GetType(String)
    End Function
End Class

I set a breakpoint on the Set methods for both the BackgroundColor property and the EmailAddresses property. The BackgroundColor property works as it should - it breaks on the Set statement and stores the property correctly. But when I close the custom CollectionEditor dialog, the EmailAddresses "Set" method is never called. How can I get my custom editor to actually save the property once it's done being edited?