Firsthand Technology Value Fund Q1 NAV drops to $0.02/share on $3M Revasum write-down

Firsthand Technology Value Fund, Inc.

Net assets fell to $0.2M ($0.02/share) from $1.3M ($0.18/share) at Dec 31, 2023.
Revasum shares suspended from ASX; fair value write-down of nearly $3M drove NAV decline.
Adviser waived $3.0M in accrued management fees (added to prior $2.5M waiver) effective March 31.
Net investment income of $2.8M (after fee waiver); net realized/unrealized losses of $3.9M for Q1.
Portfolio valued at $4.7M ($0.68/share) including cash of $0.01/share.

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