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Virtus Artificial Intelligence & Technology Opportunities Fund reports recurring closed-end fund distribution activity for its NYSE-listed common shares. News releases primarily cover monthly distributions, special year-end distributions, Section 19(a) notices, and estimates of distribution sources under the fund's Managed Distribution Plan.
The fund's updates also reference performance and distribution-rate information based on net asset value, along with the mix of net investment income, realized capital gains, and potential return of capital used to fund shareholder distributions.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15, with an ex-date of March 10, 2022, record date of March 11, 2022, and payable date of April 1, 2022.
Under its Managed Distribution Plan, the fund's distributions may come from net investment income, realized capital gains, or fund assets, which could represent a return of capital. The fund's fiscal year started February 1, 2022, with a fiscal YTD cumulative total return on NAV at -1.64% and a current fiscal YTD annualized distribution rate of 7.61%.
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.