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 August 29, 2024. The fund estimates that 94.7% of the distribution comes from net realized long-term capital gains, 5.3% from net realized short-term capital gains, and 0% from return of capital. The fund's 5-year average annual total return on NAV is 12.95%, with an annualized current distribution rate of 8.36%. The fiscal YTD cumulative total return on NAV is 8.84%, with a cumulative distribution rate of 4.18%. Shareholders are reminded that the distribution may include a return of capital, which should not be confused with yield or income.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato la sua distribuzione mensile di $0,15 per azione, che sarà pagata il 29 agosto 2024. Il fondo stima che 94,7% della distribuzione provenga da guadagni in conto capitale a lungo termine realizzati, 5,3% da guadagni in conto capitale a breve termine realizzati e 0% da rimborso di capitale. Il rendimento totale medio annuale su NAV negli ultimi 5 anni è del 12,95%, con un tasso di distribuzione attuale annualizzato dell'8,36%. Il rendimento cumulativo totale su NAV dall'inizio dell'anno fiscale è 8,84%, con un tasso di distribuzione cumulativa del 4,18%. Si ricorda agli azionisti che la distribuzione può includere un rimborso di capitale, che non deve essere confuso con il rendimento o il reddito.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha anunciado su distribución mensual de $0.15 por acción, que se pagará el 29 de agosto de 2024. El fondo estima que 94.7% de la distribución proviene de ganancias de capital a largo plazo netas realizadas, 5.3% de ganancias de capital a corto plazo netas realizadas y 0% de devolución de capital. El rendimiento total promedio anual sobre el NAV en los últimos 5 años es del 12.95%, con una tasa de distribución actual anualizada del 8.36%. El rendimiento total acumulado en NAV desde el inicio del año fiscal es 8.84%, con una tasa de distribución acumulada del 4.18%. Se recuerda a los accionistas que la distribución puede incluir una devolución de capital, que no debe confundirse con rendimiento o ingresos.
Virtus 인공지능 및 기술 기회 펀드 (NYSE: AIO)는 월 배당금 $0.15 per 주식을 발표했으며, 이는 2024년 8월 29일에 지급될 예정입니다. 해당 펀드는 배당금의 94.7%가 순 실현 장기 자본 이득에서 발생하고, 5.3%는 순 실현 단기 자본 이득에서, 0%는 자본 환급에서 발생한다고 추정하고 있습니다. 이 펀드의 지난 5년간 NAV 기준 연평균 총 수익률은 12.95%이며, 현재 연간 배당률은 8.36%입니다. 회계 연도 누적 NAV 기준 총 수익률은 8.84%이며, 누적 배당률은 4.18%입니다. 주주들에게 배당금에 자본 환급이 포함될 수 있으며, 이는 수익이나 소득과 혼동되어서는 안 된다는 점을 상기시킵니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé sa distribution mensuelle de $0,15 par action, payable le 29 août 2024. Le fonds estime que 94,7% de la distribution provient des gains en capital réalisés à long terme, 5,3% des gains en capital réalisés à court terme, et 0% du remboursement de capital. Le rendement total annuel moyen sur NAV sur 5 ans est de 12,95%, avec un taux de distribution annualisé actuel de 8,36%. Le rendement total cumulé sur NAV depuis le début de l'exercice est de 8,84%, avec un taux de distribution cumulé de 4,18%. Les actionnaires sont rappelés que la distribution peut inclure un remboursement de capital, qui ne doit pas être confondu avec un rendement ou un revenu.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) hat seine monatliche Ausschüttung von $0,15 pro Aktie angekündigt, die am 29. August 2024 zahlbar ist. Der Fonds schätzt, dass 94,7% der Ausschüttung aus realisierten langfristigen Kapitalgewinnen stammt, 5,3% aus realisierten kurzfristigen Kapitalgewinnen und 0% aus Kapitalrückzahlung. Die durchschnittliche jährliche Gesamtrendite auf NAV über die letzten 5 Jahre beträgt 12,95%, mit einem aktualisierten jährlichen Ausschüttungsfonds von 8,36%. Die kumulierte Gesamtrendite auf NAV im laufenden Geschäftsjahr beträgt 8,84%, mit einer kumulierten Ausschüttungsquote von 4,18%. Die Aktionäre werden daran erinnert, dass die Ausschüttung eine Kapitalrückzahlung enthalten kann, die nicht mit Rendite oder Einkommen verwechselt werden sollte.
- Monthly distribution of $0.15 per share maintained
- 94.7% of distribution comes from net realized long-term capital gains
- 5-year average annual total return on NAV of 12.95%
- Fiscal YTD cumulative total return on NAV of 8.84%
- None.
Ticker |
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
AIO |
|
August 12, 2024 |
August 12, 2024 |
August 29, 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 |
August 2024 (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 |
$ |
- |
0.0 |
% |
$ |
0.003 |
0.3 |
% |
Net Realized Short-Term Capital Gains |
|
0.008 |
5.3 |
% |
|
0.520 |
49.5 |
% |
Net Realized Long-Term Capital Gains |
|
0.142 |
94.7 |
% |
|
0.380 |
36.2 |
% |
Return of Capital (or other Capital Source) |
|
- |
0.0 |
% |
|
0.147 |
14.0 |
% |
Total Distribution |
$ |
0.150 |
100.0 |
% |
$ |
1.050 |
100.0 |
% |
(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) |
12.95 |
% |
Annualized Current Distribution Rate (3) |
8.36 |
% |
Fiscal YTD Cumulative Total Return on NAV (4) |
8.84 |
% |
Fiscal YTD Cumulative Distribution Rate (5) |
4.18 |
% |
(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/20240826848075/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 Artificial Intelligence & Technology Opportunities Fund (AIO)?
When is the payable date for AIO's August 2024 distribution?
What is the 5-year average annual total return on NAV for AIO?
What percentage of AIO's August 2024 distribution comes from net realized long-term capital gains?
