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

Key Terms

managed distribution plan financial

A managed distribution plan is a company’s program to pay regular, predictable cash amounts to shareholders by setting a fixed schedule and target payout, often funded from operating cash, reserves, or return of capital. Think of it like a household budget that guarantees a monthly allowance: it provides steady income for investors but can mask when distributions exceed sustainable earnings, which may reduce the company’s capital over time and affect long‑term value.

net asset value (NAV) financial

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

return of capital financial

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net realized short-term capital gains financial

Gains from selling investments held one year or less, after subtracting any short-term losses, so it represents the net profit from quick trades. Investors care because these gains are taxed at ordinary income rates rather than the lower long-term rates, which can significantly reduce after-tax returns; think of it like the higher sales tax you pay on a quick flip versus a discounted rate for holding something longer.

net realized long-term capital gains financial

Net realized long-term capital gains are the total profit an investor actually locks in from selling assets held more than one year, after subtracting any losses or adjustments. Think of it like the net cash you keep after selling a long-owned item and paying off related losses or costs; it matters because these gains determine taxable income and after-tax investment returns, influence dividend capacity and tax planning, and usually face lower tax rates than short-term gains.

average annual total return on NAV financial

Average annual total return on NAV is the yearly percentage gain or loss a fund delivers based on its net asset value (NAV), including income, dividends and capital gains, typically shown as an annualized rate over a multi‑year period. It tells investors how much their money would have grown each year on average if returns were reinvested, making it a useful, apples‑to‑apples measure of a fund’s past performance.

annualized current distribution rate financial

Annualized current distribution rate is the income yield you would get if the most recent per-share payout continued at the same amount for a full year, expressed as a percentage of the current share price (or net asset value). It gives investors a quick, snapshot estimate of how much cash return a security is currently generating — like looking at last month’s paycheck and multiplying it to see your projected annual income — useful for comparing income potential across investments but not a guarantee of future payments.

form 1099-div regulatory

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on November 19, 2025:

Ticker	Amount of Distribution	Ex-Date/Record Date	Payable Date
AIO	$0.15	February 12, 2026	February 26, 2026

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 provides this estimate of the sources of its distributions:

Distribution Estimates	February 2026 (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	$	0.007	4.4	%	$	0.007	4.4	%
Net Realized Short-Term Capital Gains		0.000	0.0	%		0.000	0.0	%
Net Realized Long-Term Capital Gains		0.143	95.6	%		0.143	95.6	%
Return of Capital (or other Capital Source)		0.000	0.0	%		0.000	0.0	%
Total Distribution	$	0.150	100.0	%	$	0.150	100.0	%
(1) Fiscal year started February 1, 2026.

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.

January 30, 2026
Average Annual Total Return on NAV for the 5-year period (2)	9.24%
Annualized Current Distribution Rate (3)	7.24%
Fiscal YTD Cumulative Total Return on NAV (4)	19.83%
Fiscal YTD Cumulative Distribution Rate (5)	7.24%
(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.
(3) Annualized Current Distribution Rate is the current distribution rate ($0.15 per share) 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, excluding the special distribution of $1.191 per share announced in December 2025. The Fiscal YTD Cumulative Distribution Rate would be 12.03% if the special distribution was included.

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, LLC, a registered investment adviser affiliated with Virtus Investment Partners, 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 can be accessed through the Closed-End Funds section of virtus.com and 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 products and services from our investment 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.

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Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Artificial Intelligence & Technology Opportunities Fund