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Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice

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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.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato una distribuzione mensile di 0,15 dollari per azione il 29 aprile 2024. La distribuzione sarà pagata l'11 aprile 2024 ai soci registrati al 10 aprile 2024. Il Fondo mira a mantenere un livello di distribuzione costante derivante da redditi netti da investimenti e plusvalenze realizzate. In caso di mancanza, la differenza sarà coperta dagli asset del Fondo, restituendo capitale agli azionisti.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha revelado su distribución mensual de $0.15 por acción el 29 de abril de 2024. Dicha distribución se pagará el 11 de abril de 2024 a los accionistas registrados a fecha 10 de abril de 2024. El Fondo busca mantener un nivel constante de distribución proveniente de ingresos netos de inversión y ganancias de capital realizadas. Si el total es insuficiente, el déficit será cubierto con los activos del Fondo, retornando capital a los accionistas.
Virtus 인공지능 및 기술 기회 펀드(NYSE: AIO)는 2024년 4월 29일에 주당 $0.15의 월간 배당을 발표했습니다. 이 배당금은 2024년 4월 11일에 4월 10일에 등록된 주주들에게 지급될 예정입니다. 이 펀드는 순 투자 수익과 실현된 자본 이득에서 일관된 배당 수준을 유지하고자 합니다. 총액이 부족할 경우, 부족분은 펀드의 자산으로 충당되어 주주들에게 자본을 반환하게 됩니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé sa distribution mensuelle de 0,15 $ par action le 29 avril 2024. La distribution sera versée le 11 avril 2024 aux actionnaires inscrits au 10 avril 2024. Le Fonds vise à maintenir un niveau de distribution constant provenant du revenu net d'investissement et des gains en capital réalisés. Si le total est insuffisant, le déficit sera couvert par les actifs du Fonds, retournant ainsi du capital aux actionnaires.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) gab seine monatliche Ausschüttung von 0,15 USD pro Aktie am 29. April 2024 bekannt. Die Ausschüttung wird am 11. April 2024 an die am 10. April 2024 eingetragenen Aktionäre gezahlt. Der Fonds zielt darauf ab, ein konstantes Ausschüttungsniveau aus Nettoanlageeinkommen und realisierten Kapitalgewinnen zu halten. Sollte das Gesamtergebnis nicht ausreichen, wird das Defizit durch das Vermögen des Fonds gedeckt, indem Kapital an die Aktionäre zurückgegeben wird.
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HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on March 1, 2024:

Ticker

Amount of Distribution

Ex-Date

Record Date

Payable Date

AIO

$0.15

April 10, 2024

April 11, 2024

April 29, 2024

Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The Fund provides this estimate of the sources of its distributions:

Distribution Estimates

April 2024 (MTD)

Fiscal Year-to-Date
(YTD) (1)

 

 

(Sources)

Per Share
Amount

Percentage
of Current
Distribution

Per Share
Amount

Percentage
of Current
Distribution

Net Investment Income

$

-

0.0

%

$

0.003

0.7

%

Net Realized Short-Term Capital Gains

 

0.150

100.0

%

 

0.300

66.7

%

Net Realized Long-Term Capital Gains

 

-

0.0

%

 

-

0.0

%

Return of Capital (or other Capital Source)

 

-

0.0

%

 

0.147

32.6

%

Total Distribution

$

0.150

100.0

%

$

0.450

100.0

%

(1) Fiscal year started February 1, 2024.

Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.

March 28, 2024

 

Average Annual Total Return on NAV for the 5-year period (2)

13.61%

Annualized Current Distribution Rate (3)

8.27%

Fiscal YTD Cumulative Total Return on NAV (4)

7.11%

Fiscal YTD Cumulative Distribution Rate (5)

1.38%

(2)

Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund’s NAV and reinvestment of all distributions. AIO incepted October 31, 2019, and thus returns represent inception to date returns.

(3)

Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end.

(4)

Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions.

(5)

Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end.

The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Fund

Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified closed-end fund that seeks to provide total return through a combination of current income, current gains, and long-term capital appreciation. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company's debt and equity in order to offer an attractive risk/reward profile. The Fund has a limited term and will terminate on or around October 29, 2031, absent approval by the Fund’s Board of Trustees to extend the Fund’s term by up to 18 months. Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Voya Investment Management is its subadviser.

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their NAV. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the end of this press release.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Artificial Intelligence & Technology Opportunities Fund

FAQ

What is the ticker symbol for Virtus Artificial Intelligence & Technology Opportunities Fund?

The ticker symbol for Virtus Artificial Intelligence & Technology Opportunities Fund is AIO.

When will the distribution of $0.15 per share be payable?

The distribution of $0.15 per share will be payable on April 29, 2024.

How is the distribution level maintained by the Fund?

The Fund maintains the distribution level by utilizing net investment income and realized capital gains.

What happens if the Fund's total income falls short of the distribution level?

If the Fund's total income is less than the distribution level, the difference will be covered by the Fund's assets, returning capital to shareholders.

Virtus Artificial Intelligence & Technology Opportunities Fund

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