Virtus AllianzGI Artificial Intelligence & Technol (AIO) will begin trading ex-dividend on December 23, 2021. A cash dividend payment of $3.45 per …

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. Coincident with the adoption of the plan, the Fund will raise its monthly distribution to $0.15 per share, a 20% increase from the distribution of $0.125 per share payable January 3, 2022. The increased distribution represents an annualized distribution rate of 6.7% based on the closing market price of $26.88 on December 16, 2021. The Fund is undertaking these actions as part of its ongoing efforts to enhance shareholder value by both seeking to provide a more attractive distribution rate and furthering its efforts to reduce the current discount to net asset value at which its shares currently trade. The Board also approved a change in the Fund's fiscal year end from February 28 to January 31, effective January 31, 2022.

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fd (NYSE: AIO) shares fell -0.9700% to end trading Friday at $27.37 per share - a net change of $-0.268. Shares traded between $27.55 and $27.30 throughout the day. The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. 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. Innovators and Disruptors -- The Fund invests in a growing universe of opportunities across a broad spectrum of technologies and sectors embracing the disruptive power of artificial intelligence and other new technologies.