USA - Firsthand Technology Value Fund (www.firsthandtvf.com) announced that it has completed the purchase of approximately 300,000 shares of SolarCity Corporation common stock through a series of private secondary transactions.

SolarCity is a provider of clean energy products and services. These transactions bring the Fund's total holdings in SolarCity to approximately 420,000 shares of common stock, with a total cost of $6.74 million.

Complete financial statements and a detailed schedule of investments for the period ended March 31, 2012 are available in the Fund's quarterly report filing on Form 10-Q.