Firsthand Technology Value Fund Discloses Top Portfolio Holdings

World News: . []

SAN JOSE, Calif., May 17, 2019 (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 April 30, 2019, were Pivotal Systems, Revasum, IntraOp Medical, QMAT, and Wrightspeed.

The Fund also announced that as of April 30, 2019, total investments* of the Fund were approximately $182 million, or $25.40 per share, including cash and cash equivalents of approximately $0.40 per share. As of that date, the Fund’s top five holdings constituted 78.2% of the Fund’s estimated total investments*. Complete financial statements and a detailed schedule of investments as of June 30, 2019, will be available in the Fund’s quarterly report filing on Form 10-Q in August.

*Total investments are estimated as of April 30, 2019, and represent the value of the Fund’s total investments as of March 31, 2019, plus the estimated net change in unrealized appreciation/depreciation and actual realized gains/losses on publicly traded and private securities since March 31, 2019. For the purposes of calculating the percentage of estimated total investments represented by each investment, the value of each holding is determined by either: (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, 2019, fair value of each security, as determined under procedures approved by our Board of Directors. The estimated total investments figure does not reflect net asset value because actual and estimated liabilities (such as estimated tax liabilities and performance fees, accrued vendor service fees and other liabilities) are not deducted.


Phil MosakowskiFirsthand Capital Management, Inc. (408)

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Globe Newswire: 21:15 GMT Friday 17th May 2019

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