AllianzGI Artificial Intelligence & Technology Opportunities Fund Completes its Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Allianz Global Investors ("AllianzGI"), one of the world's leading active investment managers, announced today that the AllianzGI Artificial Intelligence & Technology Opportunities Fund (the "Fund") has completed its initial public offering. The Fund raised $615,000,000 in its common share offering, excluding any exercise of the underwriters' option to purchase additional common shares. The Fund commenced trading on the New York Stock Exchange ("NYSE") on October 29, 2019, under the ticker symbol "AIO." The Fund is a diversified, limited-term, closed-end fund whose investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund has a limited term feature pursuant to which it intends to terminate on or about October 29, 2031 (the "Dissolution Date").