Firsthand Technology Value Fund Discloses Top Portfolio Holdings

World News: . []

SAN JOSE, Calif., June 13, 2018 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of May 31, 2018, were Pivotal Systems, IntraOp Medical, QMAT, Nutanix, and Revasum.

The Fund also announced that as of May 31, 2018, estimated net assets of the Fund were approximately $183 million, or $25.02 per share, including cash and cash equivalents of approximately $0.09 per share. As of that date, the Fund’s top five holdings constituted 69.4% of the Fund’s estimated net assets.* Complete financial statements and a detailed schedule of investments as of June 30, 2018, will be available in the Fund’s quarterly report filing on Form 10-Q in August.

*Estimated net assets as of May 31, 2018, represent net assets of approximately $180 million as of March 31, 2018, plus the net change in unrealized appreciation/depreciation and realized gains/losses on publicly traded and private securities since March 31, 2018. For the purposes of calculating the percentage of net assets represented by each investment, the value of each holding is determined by the most recent of: (1) the purchase price, (2) the market value for public securities, less any discounts taken due to restrictions on the stock, or (3) the March 31, 2018, fair value of each security, as determined under procedures approved by our Board of Directors.


Heather HohlowskiFirsthand Capital Management, Inc. (408)

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Globe Newswire: 19:02 GMT Wednesday 13th June 2018

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