Virtus Artificial Intelligence & Technology Opportunities Fund

The full company name is Virtus Artificial Intelligence & Technology Opportunities Fund.

Closed-end funds have generally struggled this year amid rising rates and weak returns from high-duration assets. Artificial Intelligence has been particularly under fire as speculative fervor exited stocks a year ago.

AIO: Spotting A Recovery In This Beaten Down CEF, High Risk Remains

Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) invests in a broad spectrum of technologies and sectors embracing the disruptive power of AI and other new technologies. The fund is down significantly this year, but the NAV has stabilized recently.

AIO: Tax Loss Selling Creates A Bargain In This Technology-Based CEF

HARTFORD, Conn. , Nov. 11, 2022 /PRNewswire/ -- Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced today that its shareholders have voted to approve a new subadvisory agreement among the fund, its adviser, Virtus Investment Advisers, Inc., and Voya Investment Management (Voya IM).

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Results of Shareholder Meeting

This unique fund pays a 10% yield and is trading at a more than -12% discount to NAV. The fund manager was recently replaced and may have a positive impact on the fund's future performance.

AIO: Opportunity To Collect A 10% Distribution Plus Capital Appreciation

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

No Change to Portfolio Management Teams HARTFORD, Conn. , July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM").

Certain Virtus Closed-End Funds Announce Shareholder Proposal For New Subadvisory Agreements

Global X Artificial Intelligence & Technology ETF

ARK Innovation ETF

ARK Industrial Innovation ETF

Global X Robotics & Artificial Intelligence ETF

ALPS Disruptive Technologies ETF

iShares Robotics & Artificial Intelligence Multisector ETF

SPDR S&P Kensho New Economies Composite ETF

TrueShares Technology, AI and Deep Learning ETF

ROBO Global Robotics and Automation ETF

First Trust Nasdaq Artificial Intelligence & Robotics ETF

Robo Global Artificial Intelligence ETF

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares

Simplify Volt RoboCar Disruption and Tech ETF

Wisdomtree Artificial Intelligence And Innovation Fund

According to our estimates for 2030, propelled by AI software, total IT spend could increase 20% at an annual rate and surpass $20 trillion, which is four times the ~$5 trillion consensus estimate. Anticipating more than a doubling in productivity, companies are likely to purchase AI software at a 75% discount to the boost in worker productivity.

Productivity Gains Could Propel The AI Software Market To $14 Trillion By 2030

AIO has been beaten down significantly this year as tech continues to go deeper into bear market territory. The fund is at a deep discount on top of these declines that exaggerated the losses.

AIO: Hybrid Approach To 'Tech' Investing

HARTFORD, Conn. , June 16, 2022 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on March 7, 2022:   Amount of Distribution Ex-Date Record Date Payable Date $0.15 June 10, 2022 June 13, 2022 July 1, 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.

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

HARTFORD, Conn. , June 7, 2022 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.15 July 8, 2022 July 11, 2022 August 1, 2022 $0.15 August 10, 2022 August 11, 2022 September 1, 2022 $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.

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

AIO is a hybrid convertible fund that focuses on tech and AI investments, but they also have significant exposure to common equities. As tech has been in sell-off mode, it would seem that the convertible sleeve and greater diversification of the portfolio have saved the fund from some losses relative to peers.

AIO: Unique Convertible AI & Tech Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Gabelli Dividend & Income Trust

Voya Asia Pacific High Dividend Equity Income Fund

Cushing Renaissance Fund

2021 turned out to be a better year than I anticipated but much of that had to do with the Federal Reserve continuing to support the markets with zero-rates and massive stimulus. The Fed DID want to start pulling back and return to normalization early in 2021 after it appeared COVID-19 was finally in our rear-view mirror.

Equity CEFs: Top Picks For 2022

HARTFORD, Conn., Dec. 17, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), a diversified closed-end fund, today announced that it will institute a managed distribution plan effective with the distribution payable February 1, 2022.

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Institutes Managed Distribution Plan, Increases Monthly Distribution to $0.15/Share

The Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund was the third best equity CEF performer in 2020, up more than 45% at both NAV and MKT price total return. This year, however, smaller sellers keep popping up in AIO every time the markets turn defensive, and without many larger buyers, this has dropped AIO's discount to -9.0%.

Equity CEFs: AIO Deserves To Trade At A Higher Valuation

Blackrock Core Bond Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Dynamic Convertible & Income Fund

Calamos Convertible And High Income Fund

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

GGM Macro Alignment ETF

John Hancock Tax-Advantaged Dividend Income Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Select Tax-Free Income Portfolio

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

Cohen & Steers Select Preferred and Income Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

AIO is a unique and interesting approach to tech investing, bringing further diversification for investors who might already be overweight tech. The fund is at an attractive discount and the distribution is quite appealing at this time.

AIO: Unique AI And Tech Fund Paying Investors Monthly Income

Virtus Investment Partners

HARTFORD, Conn., Aug. 3, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus AllianzGI Convertible & Income Fund (NYSE: NCV), Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ), Virtus AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), and Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) announced the following distribution declarations on their respective common shares: Fund Distribution Per Common Share Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund $0.1250 Virtus AllianzGI Convertible & Income Fund $0.0425 Virtus AllianzGI Convertible & Income Fund II $0.0375 Virtus AllianzGI Convertible & Income 2024 Target Term Fund $0.0460 Virtus AllianzGI Diversified Income & Convertible Fund $0.1670 The distributions, declared August 2, 2021, will be payable on September 1, 2021 to shareholders of record on August 12, 2021 with an ex-dividend date of August 11, 2021.

Certain Virtus Closed-End Funds Declare Monthly Distributions: AIO, NCV, NCZ, CBH, and ACV

Liberty All-Star Growth Fund

BlackRock Science and Technology Trust II

Gabelli Equity Trust

Gabelli Multimedia Trust

Invesco QQQ

Columbia Seligman Premium Technology Growth Func Inc

For 2020 and now back in 2021, growth and technology ETFs have been the go-to funds for enhanced performance. But for CEFs, there's often an added twist or two that can make the funds either outperform or underperform their ETF benchmarks, often based simply on emotions and whims.

Equity CEFs: Are Rights Offerings In Growth And Technology CEFs Signaling A Top?

Voya Natural Resources Equity Income Fund

Technology is back, though in this either/or market, that means everything else is struggling to go up much. That still means close to all-time highs in the case of DIA, and actual all-time highs for SPY, but technology had the most room to catch up.

Equity CEFs: The Rotation Back To Tech And Other Random Notes

The regular distribution of 5.6% is attractive for a tech fund, particularly if the distribution can be supported. I continue my series on Closed-End Funds looking beyond the yield.

Evaluating CEFs: AIO Is AI For The Win

BlackRock Capital Allocation Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

SPDR Dow Jones Industrial Average ETF

ProShares UltraShort QQQ

SPDR S&P 500 ETF Trust

Teladoc

Tesla

Vanguard Total Stock Market ETF

The proverbial shot-across-the-bow came last week as the markets finally reacted to inflation fears as reflected in the sizzling CPI (Consumer Price Index) and PPI (Producer Price Index) numbers.

Equity CEF Performances: Updated Through May 14, 2021

After raising the Virtus-AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) target price from $25 to $28 last year, I'm raising again to $32 as the technology sector firms up. Because despite AIO's name and a 46.6% rise in its NAV in 2020, third best out of all 100 equity CEFs I follow, you'd be surprised how diversified AIO really is.

Equity CEFs/ETFs: Raising AIO's 12-Month Target Price To $32

We anticipate that artificial intelligence will play a crucial part in the further digitization of companies in all industries. 4 out of the top 10 holdings consist of major semiconductor companies.

AIO: This CEF Is Not Only Looking For 'Pure-Play' Artificial Intelligence Software Names

NEW YORK, Feb. 25, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced today that its shareholders have voted to approve a new investment advisory agreement with Virtus Investment Advisers (VIA) as well as a new subadvisory...

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) Announces Results of Special Meeting of Shareholders

NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced today that the special meeting of shareholders scheduled for February 12, 2021 was adjourned to a later date and time in order to permit the solicitation...

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) Announces Adjournment of Special Meeting of Shareholders

HARTFORD, Conn., Feb. 1, 2021 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) (formerly AllianzGI Artificial Intelligence & Technology Opportunities Fund), Virtus AllianzGI Convertible & Income Fund (NYSE: NCV) (formerly AllianzGI...

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