SAN JOSE, Calif., March 18, 2013 (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 fiscal year ended December 31, 2012.
As of December 31, 2012, the Fund's net assets were approximately $195.9 million, or $22.90 per share, compared with net assets of approximately $83.6 million, or $23.92 per share as of December 31, 2011. As of December 31, 2012, the Fund's portfolio included public and private securities valued at approximately $59.2 million, or $6.92 per share, and approximately $136.8 million, or $15.99 per share, in cash.
Portfolio Summary (as of 12/31/12)
|Investment||Fair Value||Fair Value per Share 1|
|Equity/Debt Investments||$59.19 million||$6.92|
|Other Assets||$1.04 million||$0.12|
|Total Assets||$197.06 million||$23.03|
|Total Liabilities||$1.14 million||$0.13|
|Net Assets||$195.92 million||$22.90|
|1Total shares outstanding: 8,556,480|
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