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.
Allianz Global Investors U.S. announced that shareholders of five Closed-End Funds approved a new investment advisory agreement with Virtus Investment Partners. The meeting was adjourned for the remaining funds to gather more votes. The approved funds include AllianzGI Convertible & Income 2024 Target Term Fund and others. The change is not expected to impact management personnel or fund composition, nor will it increase fees for shareholders. The adjourned meeting for two funds will take place on December 23, 2020, and will be held virtually.
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AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) reported net assets of $856.34 million and a net asset value (NAV) of $24.95 as of August 31, 2020. The market price was $22.02, representing a discount to NAV of (11.74%). For the quarter, the fund posted a net investment loss of $(422,881) or $(0.01) per share, while net realized and unrealized gains were $134.06 million or $3.91 per share. Over six months, the net investment loss totaled $(488,572) with gains of $196.32 million.
Allianz Global Investors U.S. announced the adjournment of the Special Meeting of Shareholders set for October 28, 2020, to November 24, 2020, due to the need for additional shareholder votes. The virtual meeting aims to address public health concerns amid the COVID-19 pandemic. Shareholders must register in advance to participate. The meeting is crucial for allowing shareholders to vote on important proposals regarding the Funds. Allianz Global Investors manages $604 billion in assets and emphasizes active asset management to create value for clients.
Summary not available.