Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 101 Munson Street GREENFIELD MA 01301 |
Tel: | 1-860-2634709 |
Website: | N/A |
IR: | N/A |
Key People | ||
Patrick W. Bradley Chief Financial Officer, Executive Vice President, Treasurer | Mahmood Rahman Assistant Vice President | Richard W. Smirl Executive Vice President |
Peter J. Batchelar Senior Vice President | Julia R. Short Senior Vice President | Timothy Branigan Fund Chief Compliance Officer, Vice President |
Jennifer S. Fromm Vice President, Secretary, Chief Legal Officer, Counsel | Nikita K. Thaker Vice President, Controller, Assistant Treasurer | Amy Hackett Vice President, Assistant Treasurer | Suneeta Krishnan Vice President, Assistant Treasurer |
Business Overview |
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. |
Financial Overview |
For the fiscal year ended 31 January 2024, Virtus Artfcl Intllgnc & Tchnlgy Oppt Fd revenues increased 20% to $16.9M. Net income totaled $85.4M vs. loss of $84.5M. Revenues reflect Interest increase of 35% to $11.6M, Security lending, net of fees increase of 28% to $442K. Net Income reflects Net change in unrealized appreciation/de decrease from $77.9M (expense) to $56.4M (income). |