HARTFORD, Conn., August 26, 2024–(BUSINESS WIRE)–Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) beforehand introduced the next month-to-month distribution on June 6, 2024:
|
Ticker |
Quantity of Distribution |
Ex-Date |
Report Date |
Payable Date |
|
AIO |
$0.15 |
August 12, 2024 |
August 12, 2024 |
August 29, 2024 |
Below the phrases of its Managed Distribution Plan, the Fund will search to keep up a constant distribution stage that could be paid, partly or in full, from web funding earnings and realized capital positive aspects, or a mixture thereof. Shareholders ought to word, nonetheless, that if the Fund’s combination web funding earnings and web realized capital positive aspects are lower than the quantity of the distribution stage, the distinction shall be distributed from the Fund’s property and can represent a return of the shareholder’s capital. You shouldn’t draw any conclusions in regards to the Fund’s funding efficiency from the quantity of this distribution or from the phrases of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed greater than its earnings and capital positive aspects; subsequently, a portion of your distribution could also be a return of capital. A return of capital might happen, for instance, when some or all of the cash that you just invested within the Fund is paid again to you. A return of capital distribution doesn’t essentially replicate the Fund’s funding efficiency and shouldn’t be confused with ‘yield’ or ‘earnings’.
The Fund supplies this estimate of the sources of its distributions:
|
Distribution Estimates |
August 2024 (MTD) |
Fiscal Yr-to-Date (YTD) (1) |
||||||
|
(Sources) |
Per Share Quantity |
Proportion of Present Distribution |
Per Share Quantity |
Proportion of Present Distribution |
||||
|
Web Funding Revenue |
$ |
– |
0.0 |
% |
$ |
0.003 |
0.3 |
% |
|
Web Realized Brief-Time period Capital Beneficial properties |
|
0.008 |
5.3 |
% |
|
0.520 |
49.5 |
% |
|
Web Realized Lengthy-Time period Capital Beneficial properties |
|
0.142 |
94.7 |
% |
|
0.380 |
36.2 |
% |
|
Return of Capital (or different Capital Supply) |
|
– |
0.0 |
% |
|
0.147 |
14.0 |
% |
|
Complete Distribution |
$ |
0.150 |
100.0 |
% |
$ |
1.050 |
100.0 |
% |
|
(1) |
|
Fiscal yr began February 1, 2024. |
Data relating to the Fund’s efficiency and distribution charges is ready forth beneath. Please word that every one efficiency figures are primarily based on the Fund’s web asset worth (NAV) and never the market value of the Fund’s shares. Efficiency figures are usually not meant to signify particular person shareholder efficiency.
|
July 31, 2024 |
|
|
|
Common Annual Complete Return on NAV for the 5-year interval (2) |
12.95 |
% |
|
Annualized Present Distribution Price (3) |
8.36 |
% |
|
Fiscal YTD Cumulative Complete Return on NAV (4) |
8.84 |
% |
|
Fiscal YTD Cumulative Distribution Price (5) |
4.18 |
% |
|
(2) |
|
Common Annual Complete Return on NAV is the annual compound return for the five-year interval. It displays the change within the Fund’s NAV and reinvestment of all distributions. AIO incepted October 31, 2019, and thus returns signify inception up to now returns. |
|
(3) |
|
Annualized Present Distribution Price is the present distribution fee annualized as a proportion of the Fund’s NAV at month finish. |
|
(4) |
|
Fiscal YTD Cumulative Complete Return on NAV is the share change within the Fund’s NAV from the primary day of the fiscal yr to this month finish, together with distributions paid and assuming reinvestment of these distributions. |
|
(5) |
|
Fiscal YTD Cumulative Distribution Price is the greenback worth of distributions from the primary day of the fiscal yr to this month finish as a proportion of the Fund’s NAV at month finish. |
The quantities and sources of distributions reported on this discover are estimates solely and are usually not being supplied for tax reporting functions. The precise quantities and sources of the distributions for tax functions will depend upon the Fund’s funding expertise through the the rest of its fiscal yr and could also be topic to adjustments primarily based on tax rules. The Fund or your dealer will ship you a Type 1099-DIV for the calendar yr that may inform you what distributions to report for federal earnings tax functions.
In regards to the Fund
Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified closed-end fund that seeks to supply whole return by way of a mixture of present earnings, present positive aspects, and long-term capital appreciation. A multi-asset strategy primarily based on elementary analysis is employed, dynamically allocating to enticing segments of an organization’s debt and fairness with a view to supply a pretty danger/reward profile. The Fund has a restricted time period and can terminate on or round October 29, 2031, absent approval by the Fund’s Board of Trustees to increase the Fund’s time period by as much as 18 months. Virtus Funding Advisers, Inc. is the funding adviser to the Fund and Voya Investment Management is its subadviser.
For extra info on the Fund, contact shareholder providers at (866) 270-7788, by e mail at closedendfunds@virtus.com, or by way of the Closed-End Funds part of virtus.com.
Fund Dangers
An funding in a fund is topic to danger, together with the chance of potential loss of principal. A fund’s shares could also be value much less upon their sale than what an investor paid for them. Shares of closed-end funds might commerce at a premium or low cost to their NAV. For extra details about the Fund’s funding goal and dangers, please see the Fund’s annual report. A replica of the Fund’s most up-to-date annual report could also be obtained free of cost by contacting “Shareholder Companies” as set forth on the finish of this press launch.
About Virtus Funding Companions, Inc.
Virtus Investment Partners (NYSE: VRTS) is a particular partnership of boutique funding managers singularly dedicated to the long-term success of particular person and institutional traders. We offer funding administration services from our affiliated managers, every with a definite funding fashion and autonomous funding course of, in addition to choose subadvisers. Funding options can be found throughout a number of disciplines and product sorts to satisfy a wide selection of investor wants. Further details about our agency, funding companions, and techniques is on the market at virtus.com.
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Contacts
For Additional Data:
Shareholder Companies
(866) 270-7788
closedendfunds@virtus.com