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 December 30, 2024. The Fund's distribution sources for December 2024 comprise 100% from Net Realized Short-Term Capital Gains. For the fiscal year-to-date, distributions include 0.4% from Net Investment Income, 45.3% from Short-Term Capital Gains, 45.4% from Long-Term Capital Gains, and 8.9% from Return of Capital.
The Fund's performance metrics show a 14.22% average annual total return on NAV for the 5-year period, a 7.66% annualized current distribution rate, and a 22.11% fiscal YTD cumulative total return on NAV. The fiscal YTD cumulative distribution rate stands at 6.38%.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato la sua distribuzione mensile di 0,15 $ per azione, che sarà pagata il 30 dicembre 2024. Le fonti di distribuzione del fondo per dicembre 2024 derivano al 100% da utili netti realizzati a breve termine. Finora nell'anno fiscale, le distribuzioni includono lo 0,4% da reddito netto da investimenti, il 45,3% da utili a breve termine, il 45,4% da utili a lungo termine e l'8,9% da restituzione di capitale.
I parametri di performance del fondo mostrano un rendimento totale medio annuo del 14,22% sul NAV per il periodo di 5 anni, un tasso di distribuzione corrente annualizzato del 7,66% e un rendimento totale cumulativo dell'anno fiscale YTD del 22,11% sul NAV. Il tasso di distribuzione cumulativo YTD è fermo al 6,38%.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha anunciado su distribución mensual de $0.15 por acción, que se pagará el 30 de diciembre de 2024. Las fuentes de distribución del fondo para diciembre de 2024 provienen al 100% de ganancias de capital a corto plazo realizadas netas. Para el año fiscal hasta la fecha, las distribuciones incluyen un 0.4% de ingreso neto por inversiones, un 45.3% de ganancias de capital a corto plazo, un 45.4% de ganancias de capital a largo plazo y un 8.9% de devolución de capital.
Las métricas de rendimiento del fondo muestran un retorno total anual promedio del 14.22% sobre el NAV durante el período de 5 años, un tasa de distribución corriente anualizada del 7.66%, y un retorno total acumulado del año fiscal YTD del 22.11% sobre el NAV. La tasa de distribución acumulativa YTD se sitúa en el 6.38%.
버추스 인공지능 및 기술 기회 펀드 (NYSE: AIO)는 주당 $0.15의 월별 배당금 지급을 발표하였으며, 지급일은 2024년 12월 30일입니다. 2024년 12월의 펀드 배당금 출처는 100% 단기 실현 자본 이익에서 발생합니다. 회계 연도 현재까지 배당금은 0.4%의 순투자 소득, 45.3%의 단기 자본 이익, 45.4%의 장기 자본 이익 및 8.9%의 자본 반환을 포함합니다.
펀드의 성과 지표는 5년 동안 NAV 기준으로 연평균 총 수익률 14.22%, 연환산 현재 배당률 7.66%, 회계 연도 YTD 누적 총 수익률 22.11%을 나타냅니다. 회계 연도 YTD 누적 배당률은 6.38%입니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé sa distribution mensuelle de 0,15 $ par action, payable le 30 décembre 2024. Les sources de distribution du fonds pour décembre 2024 proviennent entièrement de gains en capital réalisés à court terme. Pour l'année fiscale en cours, les distributions comprennent 0,4 % de revenus nets d'investissement, 45,3 % de gains en capital à court terme, 45,4 % de gains en capital à long terme et 8,9 % de retour de capital.
Les indicateurs de performance du fonds montrent un rendement total annuel moyen de 14,22 % sur la NAV pour la période de 5 ans, un taux de distribution actuel annualisé de 7,66 %, et un rendement total cumulé de l'année fiscale YTD de 22,11 % sur la NAV. Le taux de distribution cumulé YTD s'élève à 6,38 %.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) hat seine monatliche Ausschüttung von 0,15 $ pro Aktie bekannt gegeben, die am 30. Dezember 2024 zahlbar ist. Die Ausschüttungsquellen des Fonds für Dezember 2024 stammen zu 100 % aus realisierten Netto-Gewinnen aus kurzfristigen Kapitalanlagen. Im aktuellen Geschäftsjahr stammen die Ausschüttungen zu 0,4 % aus Nettoanlageerträgen, 45,3 % aus kurzfristigen Kapitalgewinnen, 45,4 % aus langfristigen Kapitalgewinnen und 8,9 % aus Kapitalrückgaben.
Die Leistungskennzahlen des Fonds zeigen eine durchschnittliche jährliche Gesamtrendite von 14,22 % auf den NAV über einen Zeitraum von 5 Jahren, einen annualisierten aktuellen Ausschüttungsbetrag von 7,66 % und eine kumulative Gesamtrendite des laufenden Geschäftsjahres YTD von 22,11 % auf den NAV. Der kumulierte Ausschüttungssatz YTD liegt bei 6,38 %.
- Strong 22.11% fiscal YTD cumulative total return on NAV
- Solid 14.22% average annual total return over 5 years
- 90.7% of distributions come from realized capital gains
- 8.9% of distributions constitute return of capital, potentially eroding investor's principal
- Net Investment Income represents only 0.4% of total distributions
Insights
This distribution notice reveals important details about AIO's financial performance and distribution strategy. The fund's 14.22% average annual total return over 5 years demonstrates strong historical performance. The current annualized distribution rate of 7.66% is particularly attractive in the current market environment. Most notably, the fiscal YTD total return of 22.11% shows exceptional performance in the current period.
The distribution breakdown is particularly telling - 90.7% comes from realized capital gains (both short and long-term), indicating successful investment execution. Only 8.9% represents return of capital, which suggests sustainable distribution practices. The high proportion of capital gains in the distribution reflects strong underlying portfolio performance in AI and technology investments.
The fund's managed distribution plan structure merits attention from an investment strategy perspective. The
The 6.38% fiscal YTD cumulative distribution rate, compared to the 22.11% total return, indicates the fund is generating returns well above its distribution requirements, providing a cushion for future sustainability. This performance amid volatile tech sector conditions demonstrates effective risk management and opportunity capture in the AI space.
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
AIO |
|
December 12, 2024 |
December 30, 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 |
December 2024 (MTD) |
Fiscal Year-to-Date
|
||||||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||||||||
Net Investment Income |
|
- |
0.0 |
% |
$ |
0.006 |
0.4 |
% |
||||
Net Realized Short-Term Capital Gains |
|
0.150 |
100.0 |
% |
|
0.747 |
45.3 |
% |
||||
Net Realized Long-Term Capital Gains |
|
- |
0.0 |
% |
|
0.750 |
45.4 |
% |
||||
Return of Capital (or other Capital Source) |
|
- |
0.0 |
% |
|
0.147 |
8.9 |
% |
||||
Total Distribution |
$ |
0.150 |
100.0 |
% |
$ |
1.650 |
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.
November 29, 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. |
|
| (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/20241227522183/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Artificial Intelligence & Technology Opportunities Fund
FAQ
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