DEFA14A 1 fp0002434_def14a.htm fp0002434_def14a.htm
 
SCHEDULE 14A INFORMATION
 
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
 
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Preliminary Proxy Statement
 
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
 
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Definitive Proxy Statement
 
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Definitive Additional Materials
 
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Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12
 

FIRSTHAND TECHNOLOGY VALUE FUND, INC.
(Name of Registrant as Specified in Its Charter)
 
____________________________________________
(Name of Person(s) Filing Proxy Statement, if other than Registrant)
 
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
 
 
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Firsthand Technology Value Fund
 
Shareholder Meeting
 
April 14, 2011
 
VOTE
See enclosed proxy card for details on how to vote:

>  By Mail
>  By Phone
>  Online
 
SUMMARY OF PROPOSAL
 
Reorganization of Firsthand Technology Value Fund, an open-end fund, into a business development company, a type of closed-end fund.

POTENTIAL BENEFITS
 
>
Fund gains flexibility to invest in attractive opportunities among private technology and alternative energy companies
>
Fund able to increase investments in existing private holdings to take advantage of potentially favorable valuations
>
Venture capital-style fund without restrictions on who may own shares
>
Continuity of management
 
POTENTIAL RISKS
 
>
Fund cannot be redeemed at NAV
>
Shares of closed-end funds often trade on the market at a discount to NAV
>
No immediate market exists yet for trading shares of this fund; shares may be hard to sell
>
Accounts with realized gains are subject to income taxes
>
The closed-end fund will not be able to take advantage of the tax-loss carry-forward of the open-end fund
>
The Fund’s NAV will decrease slightly as a result of reorganization expenses
 
This is only a summary. Please see the combined proxy statement and prospectus dated January 24, 2011 (the “proxy statement”) for more complete information. To obtain a copy of the proxy statement, please call 1.888.884.2675 or visit www.firsthandfunds.com/proxy.