secwatch.observer — SEC 8-K summary
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Issuer:     Firsthand Technology Value Fund, Inc. (SVVC)
CIK:        0001495584
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001437749-24-009876
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Firsthand Technology Value Fund reports FY2023 NAV of $0.18/share, down from $4.44
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- Net assets fell to $1.3M from $30.6M; NAV per share dropped to $0.18 from $4.44.
- Net realized and unrealized losses on investments totaled $30.4M for the year.
- Adviser waived base management fee from Oct 2023 through Dec 2024 and waived $2.5M accrued fee.
- Total investment income was $0.1M; net investment income after fee waiver was $1.1M.
- Portfolio fair value $8.7M includes public/private securities; liabilities $7.55M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495584/000143774924009876/0001437749-24-009876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495584/000143774924009876/sccv20240325_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-009876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer