Firsthand Technology Value Fund Adopts Share Repurchase Plan
Firsthand Technology Value Fund, Inc. (SVVC)
US:NASDAQ Investor Relations:
firsthandtvf.com
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., Aug. 31, 2018 (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 Board of Directors has approved a discretionary share repurchase plan (the “Plan”). Pursuant to the Plan, the Fund may purchase in the open market up to $2 million worth of its common stock. The Plan allows the Fund to acquire its own shares at certain thresholds below its net asset value (NAV) per share, in accordance with the guidelines specified in Rule 10b-18 of the Securities Act of 1934, as amended (the “Act”). In conjunction with the Plan, the Fund has adopted a trading plan under Rule 10b5-1 of the Act. A plan under Rule 10b5-1 allows companies to repurchase shares at times when it otherwise might be prevented from doing so by securities laws or because of self-imposed trading blackout periods. The intent of the Plan is to increase the NAV per
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News
- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SVVC
Sec Filings
- 4/12/24 - Form 10-K/A
- 4/5/24 - Form DEFR14A
- 4/3/24 - Form DEF
- SVVC's page on the SEC website