Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced its monthly distribution of $0.15 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For September 2024, the distribution sources are estimated as follows:
- 3.9% from Net Realized Short-Term Capital Gains
- 96.1% from Net Realized Long-Term Capital Gains
The fund's fiscal year-to-date distribution includes 12.2% return of capital. AIO's 5-year average annual total return on NAV is 13.40%, with an annualized current distribution rate of 8.18%. The fiscal YTD cumulative total return on NAV is 12.06%, with a cumulative distribution rate of 4.77%.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato la sua distribuzione mensile di $0.15 per azione, pagabile il 26 settembre 2024. Il fondo opera sotto un Piano di Distribuzione Gestito, con l'obiettivo di mantenere livelli di distribuzione coerenti. Per settembre 2024, le fonti di distribuzione sono stimate come segue:
- 3.9% da guadagni in conto capitale netti realizzati a breve termine
- 96.1% da guadagni in conto capitale netti realizzati a lungo termine
La distribuzione fino ad oggi dell'esercizio fiscale include il 12.2% di ritorno di capitale. Il rendimento totale medio annuo di AIO su NAV negli ultimi 5 anni è 13.40%, con un tasso di distribuzione attuale annualizzato di 8.18%. Il rendimento totale cumulativo fino ad oggi dell'esercizio fiscale su NAV è 12.06%, con un tasso di distribuzione cumulativo di 4.77%.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha anunciado su distribución mensual de $0.15 por acción, que se pagará el 26 de septiembre de 2024. El fondo opera bajo un Plan de Distribución Administrada, con el objetivo de mantener niveles de distribución consistentes. Para septiembre de 2024, las fuentes de distribución se estiman de la siguiente manera:
- 3.9% de ganancias de capital netas realizadas a corto plazo
- 96.1% de ganancias de capital netas realizadas a largo plazo
La distribución acumulada del fondo hasta la fecha en el año fiscal incluye un 12.2% de retorno de capital. El rendimiento total promedio anual de AIO sobre NAV en los últimos 5 años es 13.40%, con una tasa de distribución actual anualizada de 8.18%. El rendimiento total acumulado hasta la fecha en el año fiscal sobre NAV es 12.06%, con una tasa de distribución acumulada de 4.77%.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO)는 2024년 9월 26일 지급될 $0.15 per share의 월 배당금을 발표했습니다. 이 펀드는 안정적인 배당금 수준을 유지하기 위해 관리 배당 계획 아래 운영됩니다. 2024년 9월에 대한 배당금 출처는 다음과 같이 예상됩니다:
- 단기 실현 자본 이득의 3.9%
- 장기 실현 자본 이득의 96.1%
올해 회계연도까지 이 펀드의 배당금에는 12.2%의 자본 환급이 포함되어 있습니다. AIO의 최근 5년 평균 연환산 NAV 총 수익률은 13.40%이며, 현재 연환산 배당률은 8.18%입니다. 회계연도까지 NAV의 누적 총 수익률은 12.06%이며, 누적 배당률은 4.77%입니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé sa distribution mensuelle de $0.15 par action, payable le 26 septembre 2024. Le fonds fonctionne selon un Plan de Distribution Géré, visant à maintenir des niveaux de distribution cohérents. Pour septembre 2024, les sources de distribution sont estimées comme suit :
- 3.9% provenant de gains en capital nets réalisés à court terme
- 96.1% provenant de gains en capital nets réalisés à long terme
La distribution cumulée du fonds jusqu'à présent lors de l'exercice fiscal inclut un retour de capital de 12.2%. Le rendement total moyen annuel de AIO sur NAV sur les 5 dernières années est de 13.40%, avec un taux de distribution annualisé actuel de 8.18%. Le rendement total cumulatif jusqu'à présent de l'exercice fiscal sur NAV est de 12.06%, avec un taux de distribution cumulatif de 4.77%.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) hat seine monatliche Ausschüttung von $0.15 pro Anteil bekannt gegeben, die am 26. September 2024 zahlbar ist. Der Fonds arbeitet unter einem verwalteten Ausschüttungsplan, der darauf abzielt, konsistente Ausschüttungsniveaus aufrechtzuerhalten. Für September 2024 werden die Ausschüttungsquellen wie folgt geschätzt:
- 3.9% aus realisierten Netto-Kurzzeitkapitalgewinnen
- 96.1% aus realisierten Netto-Langzeitkapitalgewinnen
Die Ausschüttung des Fonds bis zum heutigen Datum im Geschäftsjahr umfasst eine Rückzahlung von 12.2% des Kapitals. Der durchschnittliche jährliche Gesamtertrag von AIO über die letzten 5 Jahre beträgt 13.40%, mit einer annualisierten aktuellen Ausschüttungsquote von 8.18%. Die kumulierte Gesamtrendite bis zum heutigen Datum auf NAV beträgt 12.06%, mit einer kumulierten Ausschüttungsquote von 4.77%.
- Monthly distribution of $0.15 per share maintained
- 5-year average annual total return on NAV of 13.40%
- Fiscal YTD cumulative total return on NAV of 12.06%
- Majority of distribution (96.1%) comes from realized long-term capital gains
- 12.2% of fiscal year-to-date distribution classified as return of capital
- No net investment income contribution to current month's distribution
Ticker |
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
AIO |
|
September 13, 2024 |
September 13, 2024 |
September 26, 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 |
September 2024 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||
Net Investment Income |
$ |
- |
|
$ |
0.003 |
|
Net Realized Short-Term Capital Gains |
|
0.006 |
|
|
0.526 |
|
Net Realized Long-Term Capital Gains |
|
0.144 |
|
|
0.524 |
|
Return of Capital (or other Capital Source) |
|
- |
|
|
0.147 |
|
Total Distribution |
$ |
0.150 |
|
$ |
1.200 |
|
(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.
August 30, 2024 |
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
Annualized Current Distribution Rate (3) |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
(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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924572133/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Artificial Intelligence & Technology Opportunities Fund
FAQ
What is the monthly distribution amount for Virtus AI & Technology Opportunities Fund (AIO)?
What is the 5-year average annual total return on NAV for AIO as of August 30, 2024?
What percentage of AIO's fiscal year-to-date distribution is classified as return of capital?
What is the annualized current distribution rate for AIO based on its NAV?
