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Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution - Section 19(a) Notice

·4 min read

HARTFORD, Conn., Sept. 8, 2022 /PRNewswire/ -- Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions:

(PRNewsfoto/Virtus Funds)
(PRNewsfoto/Virtus Funds)

Amount of Distribution

Ex-Date

Record Date

Payable Date

$0.15

October 12, 2022

October 13, 2022

November 1, 2022

$0.15

November 10, 2022

November 14, 2022

December 1, 2022

$0.15

December 9, 2022

December 12, 2022

January 3, 2023

The Fund previously announced the following monthly distribution on June 7, 2022:

Amount of Distribution

Ex-Date

Record Date

Payable Date

$0.15

September 9, 2022

September 12, 2022

October 3, 2022

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 provided this estimate of the sources of the distributions:

Distribution Estimates

September 2022 (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

$            -

0.0 %

$            -

0.0 %

Net Realized Short-Term Capital Gains

-

0.0 %

0.495

41.3 %

Net Realized Long-Term Capital Gains

0.150

100.0 %

0.705

58.7 %

Return of Capital (or other Capital Source)

-

0.0 %

-

0.0 %

Total Distribution

$     0.150

100.0 %

$     1.200

100.0 %

(1)

Fiscal year started February 1, 2022

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.

August 31, 2022



Average Annual Total Return on NAV for the 5-year period (2)

12.00 %


Current Fiscal YTD Annualized Distribution Rate (3)

9.10 %


Fiscal YTD Cumulative Total Return on NAV (4)

-14.06 %


Fiscal YTD Cumulative Distribution Rate (5)

5.31 %


(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)

Current Fiscal YTD Annualized 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 fiscal year 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 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. 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.

Cision
Cision

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SOURCE Virtus Artificial Intelligence & Technology Opportunities Fund