AllianzGI Artificial Intelligence Opportunities Fund Announces Earnings Results for the Fiscal Quarter and Nine Months Ended November 30, 2020
January 29, 2021 at 04:05 pm EST
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AllianzGI Artificial Intelligence Opportunities Fund announced earnings results for the fiscal quarter and nine months ended November 30, 2020. For the quarter, the company reported net investment loss was $713,288
or $0.02 per share and net realized and unrealized gain was $93,500,213 or $2.72 per share.
For the Nine months, the company reported net investment loss was $1,201,860 or $0.03 per share and net realized and unrealized gain was $289,819,635 or $8.44 per share.
Virtus Artificial Intelligence & Technology Opportunities Fund (the Fund) is a diversified, closed-end management investment company. 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. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of securities issued by artificial intelligence companies and in other companies. 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. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.