HARTFORD, Conn., Aug. 26, 2024–(BUSINESS WIRE)–Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced the following monthly distributions on June 6, 2024:
Ticker
Distribution amount
Ship Date
Recorded date
Payment Date
AEON
$0.15
August 12, 2024
August 12, 2024
August 29, 2024
Under the terms of its managed distribution plan, the Fund will strive to maintain a consistent distribution level that is paid in part or in whole from net investment income and realized capital gains, or a combination thereof. Shareholders should be aware, however, that if the Fund's combined net investment income and realized capital gains fall below the amount of the distribution level, the difference will be distributed from the Fund's assets and will represent a return of shareholders' capital. No conclusions should be drawn about the Fund's investment performance from the amount of these distributions or the terms of the Fund's managed distribution plan.
The Fund estimates that it has distributed amounts in excess of its income and capital gains. Therefore, some distributions may represent a return of capital. A return of capital may occur, for example, when some or all of the money you invested in the Fund is repaid. Return of capital distributions do not necessarily reflect the Fund's investment performance and should not be confused with “yield” or “income”.
The Fund estimates the sources of its distributions as follows:
Distribution Estimation
August 2024 (MTD)
Fiscal Year to Date (YTD) (1)
(source)
Amount per share
Current distribution percentage
Amount per share
Current distribution percentage
Net Investment Income
$
–
0.0
%
$
0.003
0.3
%
Realized Short-Term Capital Gains
0.008
5.3
%
0.520
49.5
%
Realized Long-Term Capital Gains
0.142
94.7
%
0.380
36.2
%
Return of capital (or other sources of capital)
–
0.0
%
0.147
14.0
%
Total distribution
$
0.150
100.0
%
$
1.050
100.0
%
(1)
The fiscal year begins February 1, 2024.
Information regarding the Fund's performance and distribution rates is set out 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 do not represent the performance of individual shareholders.
July 31, 2024
Five-Year Average Annual Total Return on NAV(2)
12.95
%
Annualized Dividend Yield (3)
8.36
%
Total return on fiscal year-to-date net asset value (4)
8.84
%
Fiscal year cumulative dividend rate (5)
4.18
%
(2)
The average annual total return on NAV is the five-year compounded annual return, which reflects the change in the fund's NAV and the reinvestment of all distributions. The AIO was launched on October 31, 2019, so the return represents the return from inception to the present.
(3)
The annual current distribution rate is the current distribution rate annualized as a percentage of the fund's NAV at the end of the month.
(4)
The YTD cumulative total net asset value return for a fiscal year is the percentage change in the fund's net asset value from the first day of the fiscal year to the last day of the current month, including distributions paid and assuming the reinvestment of those distributions.
(5)
Fiscal Year YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to the last day of the month expressed as a percentage of the Fund's NAV at the end of the month.
The amounts and sources of distributions reported in this notice are estimates only and are not provided for tax reporting purposes. The actual amount and source of distributions for tax reporting purposes will depend on the investment performance of the Fund for the remainder of the fiscal year and are subject to change under tax law. The Fund or your broker will send you a Form 1099-DIV for the calendar year to inform you of the distributions you will report for federal income tax reporting 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 profits, and long-term capital appreciation. It employs a multi-asset approach based on fundamental research and dynamically allocates to attractive segments of corporate debt and equity to provide an attractive risk/return profile. The fund has a maturity date, which will expire on or about October 29, 2031, unless the fund's board of directors approves an extension of the fund's term for up to 18 months. Virtus Investment Advisers, Inc. is the investment adviser to the fund and Voya Investment Management is the sub-adviser.
For more information regarding the Fund, please contact Shareholder Services at (866) 270-7788, email [email protected] or visit the Closed-End Funds section at virtus.com.
Fund Risk
Investing in the Fund involves risks, including the risk of loss of principal. Fund shares may be worth less than an investor paid when sold. Closed-end Fund shares may trade at a premium or discount to their net asset value. For more information about the Fund's investment objectives and risks, see the Fund's Annual Report. The Fund's most recent Annual Report may be obtained free of charge by contacting “Shareholder Services” listed at the end of this press release.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a unique partnership of boutique investment managers dedicated to the long-term success of individual and institutional investors. The firm offers investment management products and services from affiliated managers and select sub-advisors, each with their own unique investment style and autonomous investment process. Investment solutions are offered across a range of verticals and product types to meet a wide range of investor needs. Additional information about the firm, our investment partners and strategies can be found at virtus.com.
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contact address
Further info:
Shareholder Services
(866) 270-7788
email address
