Welcome to our dedicated page for Virtus Artificial Intelligence & Technology Opportunities Fund news (Ticker: AIO), a resource for investors and traders seeking the latest updates and insights on Virtus Artificial Intelligence & Technology Opportunities Fund stock.
Virtus Artificial Intelligence & Technology Opportunities Fund reports recurring closed-end fund distribution activity for its NYSE-listed common shares. News releases primarily cover monthly distributions, special year-end distributions, Section 19(a) notices, and estimates of distribution sources under the fund's Managed Distribution Plan.
The fund's updates also reference performance and distribution-rate information based on net asset value, along with the mix of net investment income, realized capital gains, and potential return of capital used to fund shareholder distributions.
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Allianz Global Investors U.S. announced that shareholders of five Closed-End Funds approved a new investment advisory agreement with Virtus Investment Partners. The meeting was adjourned for the remaining funds to gather more votes. The approved funds include AllianzGI Convertible & Income 2024 Target Term Fund and others. The change is not expected to impact management personnel or fund composition, nor will it increase fees for shareholders. The adjourned meeting for two funds will take place on December 23, 2020, and will be held virtually.
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AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) reported net assets of $856.34 million and a net asset value (NAV) of $24.95 as of August 31, 2020. The market price was $22.02, representing a discount to NAV of (11.74%). For the quarter, the fund posted a net investment loss of $(422,881) or $(0.01) per share, while net realized and unrealized gains were $134.06 million or $3.91 per share. Over six months, the net investment loss totaled $(488,572) with gains of $196.32 million.
Allianz Global Investors U.S. announced the adjournment of the Special Meeting of Shareholders set for October 28, 2020, to November 24, 2020, due to the need for additional shareholder votes. The virtual meeting aims to address public health concerns amid the COVID-19 pandemic. Shareholders must register in advance to participate. The meeting is crucial for allowing shareholders to vote on important proposals regarding the Funds. Allianz Global Investors manages $604 billion in assets and emphasizes active asset management to create value for clients.
Summary not available.