- Virtus Artificial Intelligence & Technology Opportunities Fund (AIO, Financial) announces a monthly distribution of $0.15 per share.
- The distribution will be paid from net investment income and realized capital gains.
- AIO aims to provide returns through a combination of income, gains, and long-term capital appreciation.
The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has disclosed the sources of its monthly distribution, set at $0.15 per share, with an ex-date of April 11, 2025, and a payable date of April 29, 2025. This distribution is part of the Fund's Managed Distribution Plan, which seeks to maintain consistent distribution levels. The distributions can be paid from net investment income, realized capital gains, or a combination thereof.
For April 2025, the estimated sources of the distribution are as follows: 10.7% from net investment income and 89.3% from net realized long-term capital gains with no return of capital. Fiscal year-to-date estimates show 7.6% sourced from net investment income and 92.4% from realized capital gains, both short and long-term.
The Fund's average annual total return on NAV for the five-year period ending March 31, 2025, was 14.83%, with an annualized current distribution rate of 8.74%. However, the fiscal year-to-date cumulative total return on NAV is at -11.26%, reflecting the challenging market conditions.
Investors should be aware that distribution amounts and sources are estimates and not intended for tax reporting purposes. The final determination will be communicated through Form 1099-DIV as per the Fund’s calendar year-end accounting.
The Virtus Artificial Intelligence & Technology Opportunities Fund is a closed-end fund designed to provide total returns through a balanced approach of current income, gains, and capital appreciation, with its limited term set to expire on or about October 29, 2031. The investment adviser to the Fund is Virtus Investment Advisers, LLC, with Voya Investment Management serving as the subadviser.
