Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share for September, October, and November 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For the August 2024 distribution, 94.7% came from net realized long-term capital gains, while 5.3% was from net realized short-term capital gains.
The fund's performance metrics as of July 31, 2024, show an average annual total return on NAV of 12.95% for the 5-year period and an annualized current distribution rate of 8.36%. The fiscal YTD cumulative total return on NAV stands at 8.84%, with a cumulative distribution rate of 4.18%. Shareholders are reminded that a portion of the distribution may represent a return of capital.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato distribuzioni mensili di $0.15 per azione per settembre, ottobre e novembre 2024. Il fondo opera secondo un Piano di Distribuzione Gestita, con l'obiettivo di mantenere livelli di distribuzione costanti. Per la distribuzione di agosto 2024, il 94.7% proviene da guadagni patrimoniali a lungo termine netti realizzati, mentre il 5.3% proviene da guadagni patrimoniali a breve termine netti realizzati.
I parametri di performance del fondo al 31 luglio 2024 mostrano un ritorno totale medio annuale sul NAV del 12.95% per il periodo di 5 anni e un tasso di distribuzione attuale annualizzato dell'8.36%. Il ritorno cumulativo totale fino ad oggi sul NAV è pari a 8.84%, con un tasso di distribuzione cumulativa del 4.18%. Si ricorda agli azionisti che una parte della distribuzione potrebbe rappresentare un ritorno di capitale.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha anunciado distribuciones mensuales de $0.15 por acción para septiembre, octubre y noviembre de 2024. El fondo opera bajo un Plan de Distribución Administrada, con el objetivo de mantener niveles de distribución consistentes. Para la distribución de agosto de 2024, el 94.7% provino de ganancias de capital a largo plazo netas realizadas, mientras que el 5.3% fue de ganancias de capital a corto plazo netas realizadas.
Los métricas de rendimiento del fondo hasta el 31 de julio de 2024 muestran un retorno total anual promedio sobre el NAV del 12.95% durante el período de 5 años y un tasa de distribución actual anualizada del 8.36%. El retorno total acumulado del ejercicio fiscal hasta la fecha sobre el NAV se sitúa en 8.84%, con una tasa de distribución acumulada del 4.18%. Se recuerda a los accionistas que una parte de la distribución puede representar un retorno de capital.
Virtus 인공지능 및 기술 기회 펀드(NYSE: AIO)는 2024년 9월, 10월, 11월에 대해 주당 $0.15의 월 배당금을 발표했습니다. 이 펀드는 관리 배당 계획에 따라 운영되며, 일관된 배당 수준을 유지하는 것을 목표로 하고 있습니다. 2024년 8월 배당금에서 94.7%는 순자산 장기 자본 이득에서 발생했으며, 5.3%는 순자산 단기 자본 이득에서 발생했습니다.
2024년 7월 31일 기준 펀드의 성과 지표는 5년 기간 동안 NAV에 대한 평균 연간 총 수익률이 12.95%임을 보여주고 있으며, 8.36%의 연환산 현재 배당률을 보이고 있습니다. 회계 연도 누적 NAV 총 수익률은 8.84%이며, 누적 배당률은 4.18%입니다. 주주들은 배당금의 일부가 자본 회수로 나타날 수 있음을 상기해야 합니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé des distributions mensuelles de 0,15 $ par action pour septembre, octobre et novembre 2024. Le fonds fonctionne sous un Plan de Distribution Gérée, visant à maintenir des niveaux de distribution cohérents. Pour la distribution d'août 2024, 94,7% provenait des gains en capital à long terme nets réalisés, tandis que 5,3% provenait des gains en capital à court terme nets réalisés.
Les indicateurs de performance du fonds au 31 juillet 2024 montrent un rendement total annuel moyen sur le NAV de 12,95% pour la période de 5 ans et un taux de distribution actuel annualisé de 8,36%. Le rendement total cumulé de l'exercice fiscal à ce jour sur le NAV est de 8,84%, avec un taux de distribution cumulé de 4,18%. Les actionnaires sont rappelés qu'une partie de la distribution peut représenter un retour de capital.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) hat monatliche Ausschüttungen von 0,15 $ pro Aktie für September, Oktober und November 2024 angekündigt. Der Fonds operiert unter einem verwalteten Ausschüttungsplan, der darauf abzielt, konstante Ausschüttungsniveaus aufrechtzuerhalten. Für die Ausschüttung im August 2024 kamen 94,7% aus realisierten Nettogewinnen aus langfristigen Kapitalanlagen, während 5,3% aus realisierten Nettogewinnen aus kurzfristigen Kapitalanlagen stammte.
Die Leistungskennzahlen des Fonds zum 31. Juli 2024 zeigen eine durchschnittliche jährliche Gesamtrückkehr auf den NAV von 12,95% für den 5-Jahres-Zeitraum und einen aktualisierten jährlichen Ausschüttungssatz von 8,36%. Der kumulierte Gesamtrückfluss im laufenden Geschäftsjahr auf den NAV liegt bei 8,84%, mit einem kumulierten Ausschüttungssatz von 4,18%. Die Aktionäre werden daran erinnert, dass ein Teil der Ausschüttung möglicherweise eine Rückzahlung des Kapitals darstellt.
- Consistent monthly distributions of $0.15 per share announced for the next three months
- Strong average annual total return on NAV of 12.95% for the 5-year period
- Healthy annualized current distribution rate of 8.36%
- Positive fiscal YTD cumulative total return on NAV of 8.84%
- 14% of the fiscal year-to-date distributions represent a return of capital, potentially impacting long-term fund value
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
|
September 13, 2024 |
September 13, 2024 |
September 26, 2024 |
|
October 11, 2024 |
October 11, 2024 |
October 30, 2024 |
|
November 12, 2024 |
November 12, 2024 |
November 27, 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 previously provided this estimate of the sources of the distributions:
Distribution Estimates |
August 2024 (MTD) |
Fiscal Year-to-Date
|
||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||
Net Investment Income |
$ |
- |
|
$ |
0.003 |
|
Net Realized Short-Term Capital Gains |
|
0.008 |
|
|
0.520 |
|
Net Realized Long-Term Capital Gains |
|
0.142 |
|
|
0.380 |
|
Return of Capital (or other Capital Source) |
|
- |
|
|
0.147 |
|
Total Distribution |
$ |
0.150 |
|
$ |
1.050 |
|
| (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.
July 31, 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.
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Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Artificial Intelligence & Technology Opportunities Fund
FAQ
What is the monthly distribution amount for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) for September, October, and November 2024?
What was the average annual total return on NAV for AIO as of July 31, 2024?
What percentage of AIO's August 2024 distribution came from net realized long-term capital gains?
What is the fiscal YTD cumulative total return on NAV for AIO as of July 31, 2024?
