- Virtus Artificial Intelligence & Technology Opportunities Fund (AIO, Financial) announces a monthly distribution of $0.15 per share.
- The Fund aims to maintain consistent distribution levels through a Managed Distribution Plan.
- The distribution sources include net investment income and realized capital gains.
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has disclosed the sources for its upcoming monthly distribution of $0.15 per share. The ex-dividend date for this distribution is May 12, 2025, and it will be payable on May 29, 2025. This move is part of the Fund's Managed Distribution Plan, which seeks to maintain a stable distribution level for investors.
The distribution for April 2025 is estimated to consist of 6.5% from net investment income and 93.5% from net realized long-term capital gains. There is no return of capital reported for this period. For the fiscal year-to-date, distributions comprise 7.3% from net investment income, 7.0% from net realized short-term capital gains, and 85.7% from net realized long-term capital gains.
The Fund has recorded an average annual total return on net asset value (NAV) of 12.30% over a five-year period. However, the fiscal year-to-date cumulative total return on NAV is reported at -9.92%, highlighting recent performance challenges. Despite this, the annualized current distribution rate is 8.68% based on the Fund's NAV.
Managed by Virtus Investment Advisers, LLC, and subadvised by Voya Investment Management, the Fund strategically invests across asset classes to optimize risk and reward. Its investment objective is total return through a combination of income and capital gains. The Fund's term is set to conclude on or around October 29, 2031, unless extended by the Fund’s Board of Trustees.
