Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share from December 2024 through March 2025. The Fund's performance shows a 13.35% average annual total return on NAV for the 5-year period and a 14.15% fiscal YTD cumulative total return. The current distribution sources include 47.3% from net realized short-term capital gains and 52.7% from net realized long-term capital gains. The Fund maintains an 8.14% annualized current distribution rate and a 6.11% fiscal YTD cumulative distribution rate.
Il Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha annunciato distribuzioni mensili di $0,15 per azione da dicembre 2024 a marzo 2025. Le performance del fondo mostrano un ritorno totale annuo medio del 13,35% sul NAV per il periodo di 5 anni e un ritorno totale cumulativo del 14,15% dall'inizio dell'anno fiscale. Le fonti di distribuzione attuali includono il 47,3% da guadagni di capitale netti realizzati a breve termine e il 52,7% da guadagni di capitale netti realizzati a lungo termine. Il fondo mantiene un tasso di distribuzione annualizzato corrente dell’8,14% e un tasso di distribuzione cumulativo dell'anno fiscale del 6,11%.
El Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) ha anunciado distribuciones mensuales de $0,15 por acción desde diciembre de 2024 hasta marzo de 2025. El rendimiento del fondo muestra un retorno total anual promedio del 13,35% sobre el NAV durante el periodo de 5 años y un retorno total acumulado del 14,15% desde el inicio del año fiscal. Las fuentes de distribución actuales incluyen el 47,3% de ganancias de capital netas realizadas a corto plazo y el 52,7% de ganancias de capital netas realizadas a largo plazo. El fondo mantiene una tasa de distribución anualizada actual del 8,14% y una tasa de distribución acumulativa del año fiscal del 6,11%.
Virtus 인공지능 및 기술 기회 펀드 (NYSE: AIO)는 2024년 12월부터 2025년 3월까지 주당 $0.15의 월 배당금을 발표했습니다. 이 펀드의 실적은 5년 동안 평균 13.35%의 연간 총 수익률을 나타내며, 회계 연도 누적 총 수익률은 14.15%입니다. 현재 배당금 출처는 단기 자본 이익의 47.3%와 장기 자본 이익의 52.7%를 포함합니다. 이 펀드는 8.14%의 연환산 현재 배당률과 6.11%의 회계 연도 누적 배당률을 유지합니다.
Le Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) a annoncé des distributions mensuelles de 0,15 $ par action de décembre 2024 à mars 2025. La performance du fonds montre un rendement total annuel moyen de 13,35% sur la valeur d'inventaire (NAV) sur une période de 5 ans et un rendement total cumulé de 14,15% depuis le début de l'année fiscale. Les sources de distribution actuelles comprennent 47,3 % de gains en capital réalisés à court terme et 52,7 % de gains en capital réalisés à long terme. Le fonds maintient un taux de distribution annualisé actuel de 8,14% et un taux de distribution cumulatif depuis le début de l'année fiscale de 6,11%.
Der Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) hat monatliche Ausschüttungen von 0,15 $ pro Aktie von Dezember 2024 bis März 2025 angekündigt. Die Performance des Fonds zeigt eine durchschnittliche jährliche Gesamtrendite von 13,35% auf das NAV über den Zeitraum von 5 Jahren und eine kumulierte Gesamtrendite von 14,15% seit Beginn des Geschäftsjahres. Die aktuellen Ausschüttungsquellen umfassen 47,3% aus realisierten kurzfristigen Kapitalgewinnen und 52,7% aus realisierten langfristigen Kapitalgewinnen. Der Fonds hat eine aktuelle annualisierte Ausschüttungsquote von 8,14% und eine kumulative Ausschüttungsquote im Geschäftsjahr von 6,11%.
- Strong 5-year average annual total return of 13.35% on NAV
- Solid fiscal YTD cumulative total return of 14.15%
- Distribution fully covered by capital gains with no return of capital in current month
- Minimal net investment income contribution (0.4%) to distributions year-to-date
- 9.8% of year-to-date distributions constituted return of capital
Insights
This monthly distribution announcement reveals significant insights about AIO's financial health and strategy. The fund maintains a steady
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
|
December 12, 2024 |
December 30, 2024 |
|
January 13, 2025 |
January 30, 2025 |
|
February 13, 2025 |
February 27, 2025 |
|
March 13, 2025 |
March 28, 2025 |
The Fund previously announced the following monthly distribution on August 29, 2024:
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
|
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 provides this estimate of the sources of the distributions:
Distribution Estimates |
November 2024 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
||
(Sources) |
Per Share Amount |
Percentage
|
Per Share
|
Percentage
|
Net Investment Income |
- |
|
|
|
Net Realized Short-Term Capital Gains |
0.071 |
|
0.597 |
|
Net Realized Long-Term Capital Gains |
0.079 |
|
0.750 |
|
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.
October 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. |
|
(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/20241120513868/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Artificial Intelligence & Technology Opportunities Fund
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