Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice
The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, payable on October 30, 2024. The distribution sources include 1.9% from net investment income and 98.1% from net realized long-term capital gains for October 2024. The Fund's fiscal year-to-date performance shows a 14.02% cumulative total return on NAV, with an 8.10% annualized current distribution rate. The Fund's five-year average annual total return on NAV stands at 13.55%.
Il Fondo di Opportunità in Intelligenza Artificiale e Tecnologia Virtus (NYSE: AIO) ha annunciato una distribuzione mensile di $0,15 per azione, pagabile il 30 ottobre 2024. Le fonti della distribuzione includono il 1,9% da reddito netto da investimenti e il 98,1% da guadagni di capitale realizzati a lungo termine per ottobre 2024. La performance del fondo dall'inizio dell'anno fiscale mostra un 14,02% di ritorno totale cumulativo sul NAV, con un 8,10% di tasso di distribuzione annualizzato attuale. Il ritorno totale medio annuo del fondo su cinque anni si attesta al 13,55% sul NAV.
El Fondo de Oportunidades en Inteligencia Artificial y Tecnología Virtus (NYSE: AIO) anunció una distribución mensual de $0.15 por acción, que se pagará el 30 de octubre de 2024. Las fuentes de la distribución incluyen el 1.9% de ingresos netos de inversiones y el 98.1% de ganancias de capital netas realizadas a largo plazo para octubre de 2024. El rendimiento acumulado del fondo desde el comienzo del año fiscal muestra un 14.02% de retorno total acumulativo sobre el NAV, con una 8.10% de tasa de distribución anualizada actual. El retorno total anual promedio del fondo en cinco años es del 13.55% sobre el NAV.
버추스 인공지능 및 기술 기회 펀드 (NYSE: AIO)가 주당 $0.15의 월 배당금을 발표했으며, 2024년 10월 30일 지급될 예정입니다. 배당금의 출처는 2024년 10월에 대한 순투자수익의 1.9%와 순 실현 장기 자본 이익의 98.1%를 포함합니다. 펀드의 회계 연도 기준 성과는 NAV에 대하여 14.02%의 누적 총 수익률을 보이며, 현재의 연환산 배당률은 8.10%입니다. 펀드의 5년 평균 연간 총 수익률은 NAV에 대해 13.55%입니다.
Le Fonds d'Opportunités en Intelligence Artificielle et Technologie Virtus (NYSE: AIO) a annoncé une distribution mensuelle de $0,15 par action, payable le 30 octobre 2024. Les sources de distribution comprennent 1,9% de revenus nets d'investissement et 98,1% de gains en capital nets réalisés à long terme pour octobre 2024. La performance du fonds depuis le début de l'année fiscale affiche un 14,02% de retour total cumulé sur le NAV, avec un taux de distribution annualisé actuel de 8,10%. Le retour total annuel moyen du fonds sur cinq ans s'élève à 13,55% sur le NAV.
Der Virtus Fonds für Künstliche Intelligenz und Technologiechancen (NYSE: AIO) hat eine monatliche Ausschüttung von $0,15 pro Aktie angekündigt, die am 30. Oktober 2024 ausgezahlt wird. Die Quellen der Ausschüttung umfassen 1,9% aus Nettoanlageerträgen und 98,1% aus realisierten Nettokapitalgewinnen auf lange Sicht für Oktober 2024. Die bisherige Leistung des Fonds im aktuellen Geschäftsjahr zeigt eine 14,02% kumulierte Gesamtrendite auf den NAV, mit einer 8,10% annualisierten aktuellen Ausschüttungsquote. Die durchschnittliche jährliche Gesamtrendite des Fonds über fünf Jahre beträgt 13,55% auf den NAV.
- Strong 14.02% fiscal YTD cumulative total return on NAV
- Healthy 13.55% average annual total return on NAV for the 5-year period
- 98.1% of current distribution comes from realized capital gains, indicating successful investment strategy
- Low net investment income contribution of only 1.9% to current distribution
- 10.9% of YTD distributions constitute return of capital, potentially reducing investor's original investment
Insights
This distribution notice reveals significant insights into AIO's financial health. The fund is maintaining its
Ticker |
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
AIO |
|
October 11, 2024 |
October 11, 2024 |
October 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 |
October 2024 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
|||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
|
Net Investment Income |
|
|
|
|
|
Net Realized Short-Term Capital Gains |
- |
|
0.526 |
|
|
Net Realized Long-Term Capital Gains |
0.147 |
|
0.671 |
|
|
Return of Capital (or other Capital Source) |
- |
|
0.147 |
|
|
Total Distribution |
|
|
|
|
|
| (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.
September 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.
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Artificial Intelligence & Technology Opportunities Fund
FAQ
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