Welcome to our dedicated page for Virtus Artfcl news (Ticker: AIO), a resource for investors and traders seeking the latest updates and insights on Virtus Artfcl stock.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) provides investors with strategic exposure to innovation-driven markets through its closed-end structure and technology-focused portfolio. This news hub serves as the definitive source for official updates and market analysis related to AIO's investment activities and sector positioning.
Access timely updates including earnings announcements, portfolio rebalancing decisions, and leadership insights. Our curated collection enables stakeholders to track the fund's performance within evolving AI markets while monitoring risk management strategies and capital allocation priorities.
Key content categories include quarterly financial disclosures, strategic partnership announcements, dividend declarations, and expert commentary on technology investment trends. Bookmark this page for direct access to primary source materials and distilled market intelligence relevant to AIO's operations.
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.
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.
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.
