The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has recently made an announcement regarding its monthly distributions. The fund has declared a distribution of $0.15 per share for the months of September, October, and November 2023. The ex-date for the September distribution is September 8, 2023, with a record date of September 11, 2023, and a payable date of October 2, 2023.
Under its Managed Distribution Plan, the Fund aims to maintain a consistent distribution level that may be paid from net investment income, realized capital gains, or a combination of both. It’s important for shareholders to note that if the Fund’s net investment income and realized capital gains are less than the distribution level, the remaining amount will be distributed from the Fund’s assets, constituting a return of capital to shareholders. It’s essential not to draw conclusions about the Fund’s investment performance solely based on the distribution amount or Managed Distribution Plan terms.
According to the Fund’s estimates, it has distributed more than its income and capital gains. This means that a portion of the distribution may be a return of capital, which occurs when the money invested in the Fund is paid back to shareholders. It’s crucial to understand that a return of capital distribution should not be confused with yield or income and does not necessarily reflect the Fund’s investment performance.
Q: How much is the monthly distribution for AIO Fund?
A: The monthly distribution for AIO Fund is $0.15 per share.
Q: When are the distribution dates?
A: The distribution dates for September, October, and November 2023 are October 2, November 1, and December 1, respectively.