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Virtus Artificial Intelligence & Technology Opportunities Fund - AIO STOCK NEWS

Welcome to our dedicated page for Virtus Artificial Intelligence & Technology Opportunities Fund news (Ticker: AIO), a resource for investors and traders seeking the latest updates and insights on Virtus Artificial Intelligence & Technology Opportunities Fund stock.

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a diversified, closed-end management investment company with a limited term, set to terminate around October 29, 2031. The Fund’s primary investment objective is to deliver total return through a combination of current income, current gains, and long-term capital appreciation. Through a multi-asset approach that involves fundamental research, the Fund dynamically allocates investments within attractive segments of a company’s debt and equity, aiming to offer an appealing risk/reward profile.

Managed by Virtus Investment Advisers, Inc., with Voya Investment Management serving as the subadviser, AIO focuses on identifying opportunities within the rapidly evolving fields of artificial intelligence and technology. The Fund emphasizes a diversified investment strategy that includes a mix of income-generating assets and high-growth potential investments. This strategy is designed to capture both stable returns through dividends and interest, as well as capital appreciation from equity investments over the long term.

Recent achievements highlight the Fund’s consistent performance and commitment to shareholder returns. For instance, AIO has maintained regular monthly distributions, such as the $0.15 per share distribution scheduled for October 11, 2023, with subsequent payments planned for November 2023 through February 2024. These distributions are part of the Fund’s Managed Distribution Plan, which seeks to offer a steady distribution level derived from net investment income, realized capital gains, or a combination thereof.

The Fund's financial performance as of key reporting dates reflects a robust average annual total return on NAV for the five-year period at 9.69%, though individual shareholder performance may vary. Shareholders should be aware that distributions could include returns of capital, which occur when the distributed amount exceeds the Fund's income and gains. This aspect underscores the importance of understanding the composition of distributions, which may not directly correlate with the Fund's investment performance.

For detailed performance metrics and further information, shareholders can access the Fund’s disclosures and financial documents, which provide insights into the investment strategy and risk profile. Key risks include market volatility, the potential for loss of principal, and the trading of Fund shares at either premium or discount to NAV. Investors are encouraged to review these details carefully and consider the Fund’s offerings in the context of their overall investment objectives and risk tolerance.

The Virtus Artificial Intelligence & Technology Opportunities Fund represents a strategic option for investors seeking exposure to the growth potential within the AI and tech sectors while balancing the demand for income and capital appreciation. For more information, interested parties can contact shareholder services or visit the Virtus website.

Rhea-AI Summary

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on July 30, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For July 2024, the distribution sources are estimated as 52.6% from net realized short-term capital gains and 47.4% from net realized long-term capital gains.

The fund's fiscal year-to-date distribution includes 0.3% from net investment income, 56.9% from short-term gains, 26.5% from long-term gains, and 16.3% return of capital. AIO's 5-year average annual total return on NAV is 13.60%, with a current annualized distribution rate of 8.18%. The fiscal YTD cumulative total return on NAV is 10.57%, with a cumulative distribution rate of 3.41%.

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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share to be paid on June 27, 2024. The sources of this distribution include 54.9% from net realized short-term capital gains and 45.1% from net realized long-term capital gains. The fund's Managed Distribution Plan may use net investment income and realized capital gains or return the shareholder's capital if necessary. Fiscal YTD figures show a 6.67% cumulative total return on NAV and a 2.81% cumulative distribution rate. The press release stresses not to draw conclusions about the fund's performance from the distribution amount. Shareholders will receive tax reporting information via Form 1099-DIV.

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The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share for July and August 2024. These distributions follow the Fund’s Managed Distribution Plan, aimed at maintaining consistent payout levels, potentially from net investment income, realized capital gains, or shareholder capital. The Fund estimates that a portion of the distributions may constitute a return of capital. Performance metrics include a 12.96% 5-year average annual total return based on NAV, an 8.42% annualized current distribution rate, a 6.67% fiscal YTD cumulative total return on NAV, and a 2.81% fiscal YTD cumulative distribution rate. Actual distribution sources for tax purposes will be provided in a Form 1099-DIV.

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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, payable on May 30, 2024. This distribution may include net investment income, realized capital gains, or a return of capital. Fiscal year-to-date, the distribution includes 0.5% from net investment income, 58.4% from short-term capital gains, 16.6% from long-term capital gains, and 24.5% from return of capital. The fund's average annual total return on NAV for the past five years is 12.50%, with a fiscal YTD cumulative total return on NAV of 3.65%. These figures are based on NAV and not market price.

The fund cautions that the distribution should not be confused with investment performance, as a portion may be a return of capital. Detailed performance and distribution rates, including the fiscal YTD cumulative distribution rate of 2.15%, are provided in the notice. Actual distribution amounts for tax purposes may vary.

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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) disclosed its monthly distribution of $0.15 per share on April 29, 2024. The distribution will be paid on April 11, 2024, to shareholders on record as of April 10, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains. If the total falls short, the shortfall will be covered by the Fund's assets, returning capital to shareholders.
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Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share on March 1, 2024. The distribution will be paid on March 28, 2024, with an ex-date of March 8, 2024. The Fund aims to maintain a consistent distribution level sourced from net investment income and realized capital gains. Shareholders should be aware that any shortfall in income and gains may result in a return of capital.
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Virtus Artificial Intelligence & Technology Opportunities Fund (VRTS) announces monthly distributions for March, April, May, and June 2024. The Fund aims to maintain a consistent distribution level from net investment income and capital gains.
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Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share on February 28, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains, with potential return of shareholder's capital if income falls short.
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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15 per share, with an ex-date of January 11, 2024, record date of January 12, 2024, and payable date of January 30, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains, or a combination thereof. Shareholders should be aware that if the Fund's income and gains are less than the distribution level, the difference will be distributed from the Fund's assets, constituting a return of the shareholder's capital.
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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announces a monthly distribution of $0.15 per share on November 16, 2023, with an ex-date of December 8, 2023, record date of December 11, 2023, and payable date of January 2, 2024. The fund aims to maintain a consistent distribution level from net investment income and realized capital gains, with any shortfall being distributed from the fund's assets.
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FAQ

What is the investment objective of Virtus Artificial Intelligence & Technology Opportunities Fund (AIO)?

The Fund aims to provide total return through a combination of current income, current gains, and long-term capital appreciation.

When is the Fund's termination date?

The Fund has a limited term and is set to terminate on or around October 29, 2031, unless extended by the Board of Trustees.

What is a Managed Distribution Plan?

A Managed Distribution Plan seeks to maintain a consistent distribution level from net investment income, realized capital gains, or both, and may include return of capital.

How often does AIO pay distributions?

AIO pays monthly distributions. Recent schedules include payments on November 1, 2023, January 2, 2024, and February 28, 2024.

Who manages the Fund?

Virtus Investment Advisers, Inc. is the investment adviser, and Voya Investment Management serves as the subadviser.

What are the risks associated with investing in the Fund?

Key risks include market volatility, the potential loss of principal, and shares trading at a premium or discount to NAV.

What does 'return of capital' mean?

A return of capital occurs when a distribution exceeds the Fund's income and gains, essentially returning part of the original investment to shareholders.

What is the Fund's average annual total return on NAV?

As of recent reports, the average annual total return on NAV for the five-year period is 9.69%.

Where can I find more information about the Fund?

More information is available through Virtus’s shareholder services or the Closed-End Funds section of virtus.com.

What is the significance of the Fund’s subadviser, Voya Investment Management?

Voya Investment Management brings additional expertise in multi-asset strategies, enhancing the Fund's dynamic allocation to attractive debt and equity segments.

Virtus Artificial Intelligence & Technology Opportunities Fund

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