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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 (AIO) announces a monthly distribution of $0.15 per share on September 8, 2023. The distribution may include a return of capital. The Fund estimates that it has distributed more than its income and capital gains.
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Rhea-AI Summary
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) announces monthly distributions of $0.15 per share for September, October, and November 2023.
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Rhea-AI Summary
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15 per share. The distribution will be payable on September 1, 2023. The Fund aims to maintain a consistent distribution level, which may be paid from net investment income and realized capital gains. Shareholders should note that if the Fund's net investment income and net realized capital gains are less than the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of capital.
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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

NYSE:AIO

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