Welcome to our dedicated page for Virtus Artificial Intelligence & Technology Opportunities Fund news (Ticker: AIO), a resource for investors and traders seeking the latest updates and insights on Virtus Artificial Intelligence & Technology Opportunities Fund stock.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a diversified, closed-end management investment company with a limited term, set to terminate around October 29, 2031. The Fund’s primary investment objective is to deliver total return through a combination of current income, current gains, and long-term capital appreciation. Through a multi-asset approach that involves fundamental research, the Fund dynamically allocates investments within attractive segments of a company’s debt and equity, aiming to offer an appealing risk/reward profile.
Managed by Virtus Investment Advisers, Inc., with Voya Investment Management serving as the subadviser, AIO focuses on identifying opportunities within the rapidly evolving fields of artificial intelligence and technology. The Fund emphasizes a diversified investment strategy that includes a mix of income-generating assets and high-growth potential investments. This strategy is designed to capture both stable returns through dividends and interest, as well as capital appreciation from equity investments over the long term.
Recent achievements highlight the Fund’s consistent performance and commitment to shareholder returns. For instance, AIO has maintained regular monthly distributions, such as the $0.15 per share distribution scheduled for October 11, 2023, with subsequent payments planned for November 2023 through February 2024. These distributions are part of the Fund’s Managed Distribution Plan, which seeks to offer a steady distribution level derived from net investment income, realized capital gains, or a combination thereof.
The Fund's financial performance as of key reporting dates reflects a robust average annual total return on NAV for the five-year period at 9.69%, though individual shareholder performance may vary. Shareholders should be aware that distributions could include returns of capital, which occur when the distributed amount exceeds the Fund's income and gains. This aspect underscores the importance of understanding the composition of distributions, which may not directly correlate with the Fund's investment performance.
For detailed performance metrics and further information, shareholders can access the Fund’s disclosures and financial documents, which provide insights into the investment strategy and risk profile. Key risks include market volatility, the potential for loss of principal, and the trading of Fund shares at either premium or discount to NAV. Investors are encouraged to review these details carefully and consider the Fund’s offerings in the context of their overall investment objectives and risk tolerance.
The Virtus Artificial Intelligence & Technology Opportunities Fund represents a strategic option for investors seeking exposure to the growth potential within the AI and tech sectors while balancing the demand for income and capital appreciation. For more information, interested parties can contact shareholder services or visit the Virtus website.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distributions totaling $0.15 per share for January, February, and March 2023. The ex-dates are January 19, February 10, and March 10, with payable dates set for February 1, March 1, and April 3, 2023, respectively. Under its Managed Distribution Plan, the fund may distribute amounts exceeding net investment income and capital gains, which could include a return of capital. It is important for shareholders to note that the fund has distributed more than its income and gains, indicating potential capital return.
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 with an ex-date of November 10, 2022 and a payable date of December 1, 2022. The Fund's Managed Distribution Plan aims for consistent payouts, which may comprise net investment income, realized capital gains, or a return of capital. Notably, 0.118 of the distribution (78.4%) will come from capital sources. The Fund's current fiscal year-to-date annualized distribution rate is 9.33%, while the cumulative total return on NAV is -14.85%.
On November 11, 2022, Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) reported that shareholders approved a new subadvisory agreement with Voya Investment Management. Voya IM has been managing the fund since July 25, 2022 under an interim agreement. The fund maintains its existing investment objectives and strategies. The fund aims to deliver total return through diverse income sources, while managing risks associated with principal loss and potential trading discounts or premiums on shares.
On October 17, 2022, the Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15, with an ex-date of October 12, 2022, a record date of October 13, 2022, and a payable date of November 1, 2022. The Fund's Managed Distribution Plan aims to maintain consistent distribution levels from net investment income, realized capital gains, or Fund assets. As of September 30, 2022, the Fund reported an average annual total return of 8.34% over five years and a fiscal year-to-date total return of -21.25%.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced monthly distributions of $0.15 per share for October, November, and December 2022. Key distribution dates include the ex-dates of October 12, November 10, and December 9, 2022, with payable dates on November 1, December 1, and January 3, 2023. The fund aims to maintain a stable distribution strategy, with potential distributions sourced from net investment income or realized capital gains. The cumulative total return on NAV for fiscal year-to-date is -14.06%, indicating challenges in performance.
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share, effective September 1, 2022. The distribution will be sourced from net realized long-term capital gains, amounting to $0.150 and representing 100% of the current distribution. The fund's Managed Distribution Plan aims for consistent payouts, potentially funded by capital return if investment income falls short. As of the latest report, the fund has a fiscal year-to-date annualized distribution rate of 8.83% and a cumulative total return on NAV of -12.09%.
The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15 per share, with an ex-date of July 8, 2022, record date of July 11, 2022, and payable date of August 1, 2022. Under its Managed Distribution Plan, the Fund aims to maintain a steady distribution level, potentially funded by net investment income and realized capital gains. However, if these sources are insufficient, the difference may be sourced from the Fund's assets, affecting shareholder capital. As of June 30, 2022, the average annual total return on NAV over five years was 9.92%.
The Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a distribution of $0.15 per share, payable on July 1, 2022. The fund aims to maintain consistent distributions through net investment income and realized capital gains, with potential returns sourced from capital if income falls short. For June 2022, the estimated sources of distribution include 100% from net realized long-term capital gains. The fund has an annualized distribution rate of 8.62% year-to-date, with a cumulative total return of -11.34% for the fiscal year.
On June 7, 2022, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced monthly distributions of $0.15 per share for July, August, and September.
The Fund operates under a Managed Distribution Plan, intending to sustain consistent distribution levels, which may involve returning shareholder capital if net investment income is insufficient. As of May 31, 2022, the Fund reported a 5-year average annual total return of 14.61% and a fiscal year-to-date cumulative total return of -11.34%.
On May 16, 2022, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share. The distribution is part of the Fund's Managed Distribution Plan, which may include returns of capital if net investment income and realized capital gains fall short. As of April 29, 2022, the Fund's 5-year average annual total return on NAV was 15.97%, while the current fiscal YTD annualized distribution rate stands at 8.41%. However, YTD cumulative total return on NAV is down 9.78%.
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