AllianzGI Artificial Intelligence & Technology Opportunities Fund Reports Results for the Fiscal Quarter and Nine Months Ended November 30, 2020

Rhea-AI Summary

AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) reported its fiscal quarter and nine-month results ending November 30, 2020. The Fund's net assets stood at $937,969,768 with 34,323,135 common shares outstanding. The net asset value (NAV) per share was $27.33, while the market price was $23.99, reflecting a discount to NAV of 12.22%. For the quarter, they reported a net investment loss of $(713,288) or $(0.02) per share. However, a significant net realized and change in unrealized gain of $93,500,213 was also noted, translating to $2.72 per share.

Positive

• Net realized and change in unrealized gain of $93,500,213 for the quarter
• NAV per share of $27.33 indicates healthy valuation relative to market price

Negative

• Net investment loss of $(713,288) for the quarter
• Discount to NAV stands at 12.22%, indicating investor concerns

AllianzGI Artificial Intelligence & Technology Opportunities Fund (the "Fund") (NYSE: AIO), a diversified limited term closed-end management investment company which seeks to provide total return through a combination of current income, current gains and long-term capital appreciation, today announced its results for the fiscal quarter and nine months ended November 30, 2020.

						At November 30, 2020
Net Assets						$937,969,768
Common Shares Outstanding						34,323,135
Net Asset Value ("NAV")						$27.33
Market Price						$23.99
Discount to NAV						(12.22)%
						Quarter ended November 30, 2020
Net Investment Loss (a)						$(713,288)
Per Share (a)						$(0.02)
Net Realized and Change in Unrealized Gain (a)						$93,500,213
Per Share (a)						$2.72
						Nine Months ended November 30, 2020
Net Investment Loss (a)						$(1,201,860)
Per Share (a)						$(0.03)
Net Realized and Change in Unrealized Gain (a)						$289,819,635
Per Share (a)						$8.44

(a)

Net Investment Income for the fiscal quarter and nine months ended November 30, 2020 includes market premium amortization on corporate bonds of $143,186 (less than $0.01 per common share) and $150,506 (less than $0.01 per common share), respectively. For tax purposes, the Fund has elected not to amortize market premium on corporate bonds.

Allianz Global Investors U.S. LLC an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Fund's investment manager and is a member of Munich-based Allianz Group.

The Fund's daily New York Stock Exchange closing market price, NAV, as well as other information, are available at us.allianzgi.com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 254-5197.

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to the results reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

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FAQ

What are AllianzGI AIO's net assets as of November 30, 2020?

AllianzGI Artificial Intelligence & Technology Opportunities Fund's net assets are $937,969,768.

What was the net investment loss for AIO for the fiscal quarter ended November 30, 2020?

The net investment loss for the fiscal quarter was $(713,288), or $(0.02) per share.

What is the current market price of AIO compared to its NAV?

As of November 30, 2020, AIO's market price is $23.99, while its NAV is $27.33, reflecting a 12.22% discount.

What was the realized gain for AIO during the nine months ended November 30, 2020?

The realized and change in unrealized gain for the nine months ended November 30, 2020, was $289,819,635.

How many common shares are outstanding for AllianzGI AIO?

There are 34,323,135 common shares outstanding for AllianzGI Artificial Intelligence & Technology Opportunities Fund.