On January 17, 2014, Bulldog Investors, LLC filed a proxy statement urging the shareholders of Firsthand Technology Value Fund, Inc to elect its director nominees to the Company's Board of Directors at the Company's 2014 annual meeting of shareholders. In addition, Bulldog Investors urged the shareholders of the Company to vote for its shareholder proposals, 1) to terminate the investment management agreement between the Company and Firsthand Capital Management, Inc, 2) that the board should consider authorizing a program to repurchase shares when they are trading at a discount from net asset value.