Firsthand Technology Value Fund plans to liquidate, withdraw BDC election after write-downs on two largest holdings

Firsthand Technology Value Fund, Inc.

Board approved seeking stockholder approval to withdraw BDC election and pursue liquidation of the Fund.
Material setbacks on two largest holdings led to valuation write-downs that could reduce asset value below accrued liabilities.
FCM (investment adviser) may waive certain accrued fees to ensure Fund maintains positive net asset value per share.

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