Welcome to our dedicated page for Virtus AI & Tech Opp Fund news (Ticker: AIO), a resource for investors and traders seeking the latest updates and insights on Virtus AI & Tech Opp Fund stock.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a diversified, limited-term, closed-end management investment company that focuses on total return from current income, current gains, and long-term capital appreciation. The fund uses a multi-asset approach based on fundamental research, dynamically allocating to what it describes as attractive segments of a company’s debt and equity to shape its risk/reward profile.
The AIO news feed is centered on the fund’s distribution activity and related disclosures. Regular announcements detail monthly cash distributions, including the amount per share, ex-dividend and record dates, and payable dates. The fund also periodically announces special year-end distributions that are described as being made to manage certain federal tax requirements, in addition to its regular monthly payments.
A distinctive feature of AIO’s news flow is the recurring Section 19(a) notices that estimate the sources of each distribution and fiscal year-to-date distributions. These releases break down distributions into net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital (or other capital source). They also present NAV-based metrics such as average annual total return on NAV, fiscal year-to-date cumulative total return on NAV, and distribution rates, with clear statements that these figures are not intended to represent individual shareholder performance.
Investors and analysts following AIO’s news can use these updates to track how the fund’s Managed Distribution Plan is implemented over time and how the composition of distributions evolves across fiscal periods. Bookmark this page to review the latest distribution announcements, Section 19(a) breakdowns, and related fund communications as they are released.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 for April, May, and June 2022. The distributions are part of the Managed Distribution Plan, which may include net investment income and realized capital gains. Shareholders should note that if these earnings fall below the distribution level, funds will be drawn from the Fund's assets, resulting in a return of capital. The average annual total return on NAV over five years is 21.61%, with a current fiscal YTD annualized distribution rate of 7.61%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, with an ex-date of February 10, 2022, record date February 11, 2022, and payment date March 1, 2022. Under its Managed Distribution Plan, the fund aims to maintain consistent distributions, possibly using capital returns if net investment income falls short. As of January 31, 2022, the five-year average annual total return on NAV was 23.33%, and the current fiscal YTD annualized distribution rate is 7.44%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan, increasing its monthly distribution rate to $0.15 per share, effective February 1, 2022. The plan aims for a stable income stream, funded through net investment income and realized capital gains. However, if these sources are insufficient, distributions will come from the Fund's assets, potentially returning capital to shareholders. As of December 31, 2021, the fund reported a 5-year average annual total return of 29.74% and a year-to-date cumulative total return of 7.64%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan effective February 1, 2022, raising its monthly distribution to $0.15 per share, a 20% increase from $0.125. This change aims to enhance shareholder value and reduce the discount to net asset value. The annualized distribution rate is 6.7% based on a market price of $26.88 as of December 16, 2021. Under the plan, distributions could be sourced from net investment income and capital gains, with potential capital return considerations for shareholders.
On February 25, 2021, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced that shareholders approved a new investment advisory agreement with Virtus Investment Advisers (VIA) and a subadvisory agreement with Allianz Global Investors U.S. LLC. Effective February 26, 2021, the changes are not expected to alter the management team or increase fees for shareholders. Investors are advised that fund shares involve risks, including potential loss of principal and share value fluctuations relative to the fund's net asset value.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced the adjournment of its special shareholder meeting originally set for February 12, 2021. The rescheduled meeting will now occur on February 25, 2021, at 4:00 p.m. (Eastern) in a virtual format due to COVID-19 concerns. Shareholders can attend virtually by registering with AST Financial. The fund encourages shareholders to vote via proxy even if they cannot attend. The fund has filed a definitive proxy statement with the SEC, which contains important information.
AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) reported its fiscal quarter and nine-month results ending November 30, 2020. The Fund's net assets stood at $937,969,768 with 34,323,135 common shares outstanding. The net asset value (NAV) per share was $27.33, while the market price was $23.99, reflecting a discount to NAV of 12.22%. For the quarter, they reported a net investment loss of $(713,288) or $(0.02) per share. However, a significant net realized and change in unrealized gain of $93,500,213 was also noted, translating to $2.72 per share.
Allianz Global Investors U.S. announced that the Special Meeting of Shareholders for the AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) scheduled for January 26, 2021, has been adjourned to February 12, 2021, due to the need for additional shareholder votes. The rescheduled meeting will be virtual in response to COVID-19. Shareholders must register by February 11, 2021, to participate. The Fund urges shareholders to authorize a proxy to vote regardless of attendance. A definitive proxy statement has been filed with the SEC containing important information.
AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a special year-end distribution of $1.15583 per share, alongside AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) which declared $0.37615. These payments aim to meet federal excise tax requirements for 2020. The distributions are payable on January 11, 2021, to shareholders of record as of December 21, 2020. The composition of future distributions may differ, potentially including capital gains or return of capital, and will be detailed in the Form 1099-DIV sent in January 2021.
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