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Stock impact report

AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Partial Exercise of Over-Allotment Option

Virtus Artificial Intelligence & Technology Opportunities Fund Common Shares of Beneficial Interest (AIO) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--AllianzGI Artificial Intelligence & Technology Opportunities Fund (the “Fund”) announced today that the underwriters of its initial public offering of common shares, which closed on October 31, 2019, partially exercised their over-allotment option having purchased an additional 2,068,135 common shares of the Fund. The closing of the partial exercise of the overallotment option occurred on November 19, 2019. The gross proceeds of $41,362,700 from the partial exercise of the over-allotment option brings the total amount raised in the Fund’s initial public offering to $656,362,700. The Fund’s common shares are listed on the New York Stock Exchange under the symbol “AIO.”Pursuant to their over-allotment option, the underwriters of the Fund’s initial public offering may still exercise the right to purchase up to an additional 2,544,365 common shares of the Fund until December 12, 2019, which would bring the total amount raised in the Fund’s initial public off Show less Read more
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