HARTFORD, Conn., Feb. 17,
2023 /PRNewswire/ -- Virtus Artificial Intelligence
& Technology Opportunities Fund (NYSE:
AIO) previously announced the following monthly distribution
on December 2, 2022:
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
$0.15
|
February 10,
2023
|
February 13,
2023
|
March 1,
2023
|
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 provided this estimate of the sources of the
distributions:
|
Distribution
Estimates
|
February 2023
(MTD)
|
Fiscal Year-to-Date
(YTD)(1)
|
|
(Sources)
|
Per
Share
Amount
|
Percentage
of Current
Distribution
|
Per Share
Amount
|
Percentage
of Current
Distribution
|
|
Net Investment
Income
|
$ 0.008
|
5.3 %
|
$ 0.008
|
5.3 %
|
|
Net Realized Short-Term
Capital Gains
|
-
|
0.0 %
|
-
|
0.0 %
|
|
Net Realized Long-Term
Capital Gains
|
-
|
0.0 %
|
-
|
0.0 %
|
|
Return of Capital (or
other Capital Source)
|
0.142
|
94.7 %
|
0.142
|
94.7 %
|
|
Total
Distribution
|
$ 0.150
|
100.0 %
|
$ 0.150
|
100.0 %
|
|
|
|
|
|
|
(1)
|
Fiscal year started
February 1, 2023
|
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 NAV and not the market price of the Fund's
shares. Performance figures are not meant to represent individual
shareholder performance.
|
January 31,
2023
|
|
|
|
Average Annual Total
Return on NAV for the 5-year period (2)
|
11.94 %
|
|
|
Annualized Current
Distribution Rate (3)
|
9.04 %
|
|
|
Fiscal YTD
Cumulative Total Return on NAV (4)
|
-10.03 %
|
|
|
Fiscal YTD
Cumulative Distribution Rate (5)
|
9.04 %
|
|
|
(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. AIO incepted October 31, 2019,
and thus returns represent inception to date returns.
|
|
(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 prior fiscal year (February 1, 2022) 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 prior 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 Trustee and shareholder approval to amend
the limited term provision of the Fund's Amended and Restated
Agreement and Declaration of Trust, as provided therein. 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 net
asset value. 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.
For Further
Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
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SOURCE Virtus Artificial Intelligence & Technology
Opportunities Fund