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Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $16.31 per share


Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $16.31 per share
SAN JOSE, Calif., May 14, 2021 (GLOBE NEWSWIRE) Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the first quarter ended March 31, 2021.
As of March 31, 2021, the Fund’s net assets were approximately $112.4 million, or $16.31 per share, compared with net assets of approximately $102.1 million, or $14.82 per share as of December 31, 2020. As March 31, 2021, the Fund’s portfolio included public and private securities valued at approximately $111.2 million, or $16.14 per share, and approximately $0.07 per share in cash and cash equivalents. ....

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Firsthand Technology Value Fund: Q1 Earnings Snapshot


Firsthand Technology Value Fund: Q1 Earnings Snapshot
May 14, 2021
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SAN JOSE, Calif. (AP) Firsthand Technology Value Fund Inc. (SVVC) on Friday reported first-quarter net income of $10.3 million, after reporting a loss in the same period a year earlier.
The San Jose, California-based company said it had profit of $1.49 per share. Earnings, adjusted for investment gains, came to 7 cents per share.
The technology investment fund posted revenue of $1.3 million in the period.
Firsthand Technology Value Fund shares have increased 36% since the beginning of the year. In the final minutes of trading on Friday, shares hit $6.07, a rise of 82% in the last 12 months. ....

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