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Hennessy Advisors Inc

Hennessy Advisors Inc (HNNA)

7.40
0.15
(2.07%)
Closed June 22 4:00PM
7.27
-0.13
(-1.76%)
After Hours: 7:59PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
7.40
Bid
7.14
Ask
8.00
Volume
11,121
7.14 Day's Range 7.27
6.33 52 Week Range 8.00
Market Cap
Previous Close
7.25
Open
7.22
Last Trade Time
Financial Volume
$ 79,862
VWAP
7.1812
Average Volume (3m)
5,701
Shares Outstanding
7,678,561
Dividend Yield
7.43%
PE Ratio
38.39
Earnings Per Share (EPS)
0.62
Revenue
24.02M
Net Profit
4.77M

About Hennessy Advisors Inc

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder ser... Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations. Show more

Sector
Investment Advice
Industry
Investment Advice
Headquarters
Novato, California, USA
Founded
1970
Hennessy Advisors Inc is listed in the Investment Advice sector of the NASDAQ with ticker HNNA. The last closing price for Hennessy Advisors was $7.25. Over the last year, Hennessy Advisors shares have traded in a share price range of $ 6.33 to $ 8.00.

Hennessy Advisors currently has 7,678,561 shares outstanding. The market capitalization of Hennessy Advisors is $183.13 million. Hennessy Advisors has a price to earnings ratio (PE ratio) of 38.39.

HNNA Latest News

Hennessy Advisors, Inc. Reports 25% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend

Hennessy Advisors, Inc. Reports 25% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend PR Newswire NOVATO, Calif., May 8, 2024 NOVATO, Calif., May 8, 2024 /PRNewswire/...

Hennessy Advisors, Inc. Acquires the CCM Core Impact Equity Fund

Hennessy Advisors, Inc. Acquires the CCM Core Impact Equity Fund PR Newswire NOVATO, Calif., Feb. 23, 2024 NOVATO, Calif., Feb. 23, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.283.932584269667.127.87996.95182397.22493335CS
40.152.068965517247.2586.9374037.2326331CS
120.456.474820143886.9586.657017.10545592CS
260.7611.44578313256.6486.380168126.93612014CS
520.34.225352112687.186.3373336.88657677CS
156-1.98-21.10874200439.3811.68556.3377738.644124CS
260-2.25-23.31606217629.6512.785.685103059.04188628CS

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HNNA Discussion

View Posts
Enterprising Investor Enterprising Investor 9 years ago
Tender Offer (8/30/15)

http://www.sec.gov/Archives/edgar/data/1145255/000117494715001377/c418536_ex99-a1i.htm
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Enterprising Investor Enterprising Investor 9 years ago
Hennessy Advisors, Inc. Commences Self-Tender Offer to Purchase up to 1,000,000 Shares (8/20/15)

NOVATO, Calif., Aug. 20, 2015 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA) today announced the commencement of a self-tender offer to purchase up to 1,000,000 shares, or approximately 17% of its outstanding common stock, for a price of $25.00 per share. The Company intends to finance this self-tender offer with an expansion of its current loan as well as with a portion of available cash from its balance sheet. The self-tender offer will expire at 5:00 P.M., Eastern Time, on September 18, 2015, unless extended or withdrawn.

The Board of Directors determined that it is in the best interests of the shareholders and the Company to repurchase shares at this time given the Company's financial performance, the relative illiquidity of the Company's common stock, and the Company's access to debt capital.

Hennessy Advisors has retained Computershare Inc. and its wholly owned subsidiary, Computershare Trust Company, N.A., as the Depositary for the self-tender offer, and Georgeson, Inc. as the Information Agent.

Copies of the Offer to Purchase, the related letter of Transmittal and the Notice of Guaranteed Delivery are being mailed to the Company's shareholders. Additional copies of the Offer to Purchase, the related Letter of Transmittal and the Notice of Guaranteed Delivery may be obtained at the Company's expense from the Information Agent at (800) 932-9864 (toll free). Questions regarding this self-tender offer should be directed to the Information Agent at the same number.

Certain Information Regarding the Self-Tender Offer

Neither Hennessy Advisors, Inc., nor its officers, employees, directors, the Information Agent, or the Depositary makes any recommendation as to whether shareholders should tender shares in this self-tender offer. Shareholders will be able to obtain a copy of the Schedule TO, Offer to Purchase and related materials filed by Hennessy Advisors, Inc. as part of the self-tender offer and other documents filed with the Securities Exchange Commission ("SEC") through the SEC's website at www.sec.gov, without charge when these documents become available or by calling the Information Agent at (800) 932-9864 (toll free). Shareholders and investors who have questions or need assistance may call the Information Agent at (800) 932-9864 (toll free) or may also contact their broker, dealer, commercial bank, trust company or other nominee for assistance concerning the self-tender offer.

SHAREHOLDERS ARE URGED TO CAREFULLY READ THE SELF-TENDER OFFER MATERIALS (INCLUDING THE SCHEDULE TO, OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED SELF-TENDER OFFER DOCUMENTS) DATED AUGUST 20, 2015 THAT HENNESSY ADVISORS, INC. WILL DISTRIBUTE TO ITS SHAREHOLDERS AND FILE WITH THE SEC AND ANY OTHER DOCUMENTS HENNESSY ADVISORS, INC. FILES WITH THE SEC PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE SELF-TENDER OFFER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION CONCERNING THE TERMS OF THE SELF-TENDER OFFER.

This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any shares of Hennessy Advisors, Inc. common stock. The solicitation and offer to buy shares of Hennessy Advisors, Inc. common stock will only be made pursuant to the offer to purchase and related self-tender offer materials that Hennessy Advisors, Inc. will send to its shareholders. Shareholders should read those materials carefully because they contain important information, including the various terms and conditions of the self-tender offer.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, balanced and fixed income, and sector and specialty mutual funds. Hennessy Advisors, Inc. is committed to superior service to shareholders and a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach.

http://www.prnewswire.com/news-releases/hennessy-advisors-inc-commences-self-tender-offer-to-purchase-up-to-1000000-shares-300131564.html
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Renee Renee 10 years ago
HNNA moved to the Nasdaq NCM:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/25/2014&mkt_ctg=NON-OTCBB
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Penny Roger$ Penny Roger$ 13 years ago
Hennessy Advisors, Inc. Announces Quarterly Dividend
| 2:36 PM | By PR Newswire Association LLC. |

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68530617
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pumpnass pumpnass 14 years ago
Hennessy Select SPARX Japan Smaller Companies Fund Marks Third Anniversary and Awarded Highest Rating
Date : 09/07/2010 @ 4:43PM
Source : PR Newswire
Stock : Hennessy Advisors (BB) (HNNA)
Quote : 2.7 0.09 (3.45%) @ 3:49PM


Hennessy Select SPARX Japan Smaller Companies Fund Marks Third Anniversary and Awarded Highest Rating
Hennessy Advisors (BB) (OTCBB:HNNA)
Historical Stock Chart
3 Months : September 2010 to December 2010
Hennessy Select SPARX Japan Smaller Companies Fund Marks Third Anniversary and Awarded Highest Rating
PR Newswire

NOVATO, Calif., Sept. 7

NOVATO, Calif., Sept. 7 /PRNewswire/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA), investment advisor of the Hennessy Funds, announced that its Hennessy Select SPARX Japan Smaller Companies Fund (Ticker: SPJSX) marked its third anniversary on August 31st, and that it today received the coveted 5-star Overall Morningstar Rating™ among 26 Japan Stock funds as of 8/31/10. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the risk-adjusted returns associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. Five stars is Morningstar's highest rating given to mutual funds.

The Hennessy Select SPARX Japan Smaller Companies Fund invests in small-cap Japanese equities, primarily those with market capitalization below 100 billion Japanese yen, or $1.1 billion. Hennessy Funds acts as the Fund's investment manager and has retained SPARX Asset Management Co., Ltd. as the Fund's sub-advisor. SPARX Asset Management, based in Tokyo, Japan, is responsible for all stock selections and the day to day management of the Fund's portfolio.

The Hennessy Select SPARX Japan Smaller Companies Fund is one of just two open-end mutual funds available to U.S. investors that is comprised primarily of Japanese small cap stocks, and the only small cap Japan fund whose portfolio managers are based in Japan.

"I view investing in Japan right now as a smart, contrarian strategy," said Neil Hennessy, President and Chief Investment Officer of Hennessy Funds. "While many investors may have written off Japan, I am excited by the large number of Japanese companies that I see enjoying tremendous global opportunities for strong, long-term growth and whose stock prices are at or near historical lows," he added. "We share the responsibilities for managing our Select SPARX Japan Funds with one of the largest, most well-respected and talented asset managers in Asia. SPARX Asset Management epitomizes the type of highly qualified category experts we employ as sub-advisors for our Select Funds," Hennessy commented.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is the publicly traded investment advisor of the entire family of Hennessy Mutual Funds. Hennessy Funds offers a wide range of both domestic and international equity mutual funds, including a full line up of quantitatively managed portfolios as well as a series of sub-advised, actively managed strategies. Hennessy Funds is committed to their consistent and repeatable investment strategies, highly disciplined management approach and superior service to shareholders.

About SPARX Asset Management Co., Ltd.

SPARX Asset Management Co., Ltd. is a wholly owned subsidiary of SPARX Group Co., Ltd., a publicly traded asset manager based in Tokyo, Japan. Since its founding in 1989, SPARX has grown to become the largest independent money manager in Asia. SPARX's extensive experience in Japan and throughout Asia over the past two decades offers investors keen insights into opportunities throughout the region.

Additional Information

Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful prior to registration under the applicable securities laws.

Mutual fund investing involves risk. Principal loss is possible. The Hennessy Select SPARX Japan Funds may invest in small and medium-capitalization companies, which tend to have more limited liquidity and greater price volatility than large-capitalization companies. The Funds also invest in foreign securities, which may involve greater volatility and political, economic and currency risk and differences in accounting methods.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-966-4354, or visiting www.hennessyfunds.com. Please read it carefully before you invest or send money.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The Hennessy Select SPARX Japan Smaller Companies Fund was rated against 26 Japan Stock funds over the last three years. With respect to these Japan Stock funds, Hennessy Select SPARX Japan Smaller Companies Fund received a Morningstar rating of 5 stars for the three-year period. The fund does not yet have five- or ten-year performance numbers.

The Hennessy Funds are distributed by Quasar Distributors, LLC.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Neil J. Hennessy

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=36873

SOURCE Hennessy Advisors, Inc.

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pumpnass pumpnass 14 years ago
Hennessy Advisors, Inc. Declares Seventh Consecutive Dividend
Date : 10/14/2010 @ 1:50PM
Source : PR Newswire
Stock : Hennessy Advisors (BB) (HNNA)
Quote : 2.7 0.09 (3.45%) @ 3:49PM


Hennessy Advisors, Inc. Declares Seventh Consecutive Dividend
Hennessy Advisors (BB) (OTCBB:HNNA)
Historical Stock Chart
2 Months : October 2010 to December 2010
Hennessy Advisors, Inc. Declares Seventh Consecutive Dividend
PR Newswire

NOVATO, Calif., Oct. 14

NOVATO, Calif., Oct. 14 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA ) The Board of Directors of Hennessy Advisors, Inc. today declared a cash dividend of $0.09 per share. This marks the company's seventh consecutive annual cash dividend. This annual dividend is normally paid to shareholders in March each year, but due to the uncertainty of the treatment of dividends for tax purposes, management and the board of directors decided to take no chances for their shareholders and pay the 2009-10 annual dividend right away. The dividend will be paid on November 18, 2010 to shareholders of record as of October 27, 2010.

"In light of the possibility that the dividend rate, currently taxed at 15%, will increase, we decided to pay our annual dividend a few months early. We did not want to risk a potential increase in taxes for our shareholders. We are very pleased to once again reward our shareholders with our annual cash dividend," said Neil Hennessy, President and Chief Executive Officer of Hennessy Advisors, Inc. "We believe this dividend, in conjunction with our current repurchase program, demonstrates the fundamental financial strength of Hennessy Advisors, as well as our longstanding commitment to our shareholders. We would like to thank our shareholders for their continued support as we work diligently to attain our long-term business goals," he added.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is a publicly traded investment manager of a wide range of both domestic and international equity products. Hennessy Advisors, Inc. is committed to a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and to superior service to shareholders.

Supplemental Information

Nothing in this section shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

SOURCE Hennessy Advisors, Inc.

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pumpnass pumpnass 14 years ago
Hennessy Funds Wins Three MFEA STAR Awards
Date : 10/28/2010 @ 5:23PM
Source : PR Newswire
Stock : Hennessy Advisors (BB) (HNNA)
Quote : 2.7 0.09 (3.45%) @ 3:49PM


Hennessy Funds Wins Three MFEA STAR Awards
Hennessy Advisors (BB) (OTCBB:HNNA)
Historical Stock Chart
2 Months : October 2010 to December 2010
Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA), the investment manager of Hennessy Funds, is pleased to announce that Hennessy Funds has received three 2010 STAR Awards for excellence in mutual fund marketing and communications. The STAR Awards are presented annually by the Mutual Fund Education Alliance (MFEA), a national mutual fund industry trade association, and the awards have become a prestigious recognition of companies in the fund industry who excel in marketing, education and communications. Hennessy was named winner in the Small Company category for "Best Advisor Online Marketing Campaign" for their conference call entitled 'Compelling Reasons for Investing in Japan', for "Best Advisor Special Communications" for their commentary discussing Japan's political changes, and for "Best Prospectus/Annual Report."

"All of us at Hennessy Funds feel honored to once again receive multiple STAR Awards from such a well-respected industry association," said Neil Hennessy, President and CIO of Hennessy Funds. "Our goal is to provide consistent, easy to understand, and relevant information to both the Advisor community and to our Retail investors," he added.

About Hennessy Funds

Hennessy Funds is an equity asset management firm that offers investors a full line-up of quantitatively managed portfolios as well as a number of sub-advised, actively managed funds. Hennessy employs a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and offers investors a wide range of both domestic and international equity products.

Supplemental Information

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-966-4354. Please read it carefully before investing.

Mutual fund investing involves risk; principal loss is possible.

Quasar Distributors, LLC, Distributor.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Neil J. Hennessy

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=36873

SOURCE Hennessy Advisors, Inc.

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pumpnass pumpnass 14 years ago
Hennessy Advisors, Inc. Announces Annual Earnings of $0.16 Per Share
Date : 12/03/2010 @ 5:16PM
Source : PR Newswire
Stock : Hennessy Advisors (BB) (HNNA)
Quote : 2.7 0.09 (3.45%) @ 3:49PM


Hennessy Advisors, Inc. Announces Annual Earnings of $0.16 Per Share
Hennessy Advisors (BB) (OTCBB:HNNA)
Intraday Stock Chart
Today : Friday 3 December 2010
Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA) today announced fully diluted earnings per share for Hennessy Advisors, Inc. of $0.16 for the fiscal year ended September 30, 2010. Earnings increased over 633% versus the prior fiscal year, which were a loss of $(0.03) per share. The increase in earnings is attributable to assets under management as well as a reduction in fixed costs. While total assets under management decreased slightly from the beginning of fiscal year 2010 to the end ($923 million on Sept. 30, 2009 to $892 million on Sept. 30, 2010), the average level of assets during the entire year was $903 million. By comparison, during fiscal year 2009 assets averaged $713 million over the entire year.

"We are very pleased to announce that the company has returned to profitability, with strong earnings for fiscal 2010 following a small loss per share in 2009," said Neil Hennessy, President, Chairman and CEO of Hennessy Advisors, Inc. "Our balance sheet remains strong, we continued to pay our annual dividend and we initiated a stock buyback program this year," he added.

"Hennessy Advisors is made up of a strong team of professionals who work together for the common goal of serving our long-term shareholders. We will continue to build on past successes, seek acquisitions and pursue strategic marketing and sales opportunities," said Mr. Hennessy.

Hennessy Advisors, Inc.

Financial Highlights

Year to Year

Twelve Months Ended

Fiscal Year
Sept. 30, 2010
Sept. 30, 2009
$ Change
% Change

Total Revenue
$ 7,723,495
$ 5,812,632
$ 1,910,863
32.9%

Net Income (Loss)
$ 913,160
$ (195,349)
$ 1,108,509
567.5%

Earnings (Loss) per share (diluted)
$ 0.16
$ (0.03)
$ 0.19
633.3%

Weighted Average number of shares outstanding (diluted)
5,716,783
5,673,628
43,155
0.8%

Mutual Fund Average Assets Under Management
$ 902,807,416
$ 713,358,124
$ 189,449,292
26.6%

At Period Ending Date
Sept. 30, 2010
Sept. 30, 2009
$ Change
% Change

Mutual Fund Total Assets Under Management
$ 892,465, 448
$ 923,404,609
$ (30,939,161)
-3.4%

Retained Earnings
$ 15,191,758
$ 14,800,724
$ 391, 034
2.6%



About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is a publicly traded investment manager of a wide range of both domestic and international equity products. Hennessy Advisors, Inc. is committed to its consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and to superior service to shareholders.

Supplemental Information

Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

SOURCE Hennessy Advisors, Inc.

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bella99 bella99 15 years ago
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di4 di4 15 years ago
Hennessy Advisors Announces Second Quarter Results
May 5, 2009 3:20:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesNOVATO, Calif., May 5 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA) President and Chief Executive Officer, Neil Hennessy, today announced a fully diluted loss per share for Hennessy Advisors, Inc. of $(0.02) for the second quarter, which ended March 31, 2009, versus earnings of $0.07 per share for the prior comparable period. "Certainly we are not pleased to report a loss for the quarter, but we firmly believe that it is much more important to allocate resources to build the company for the future than it is to avoid a very small loss per share in the short term," said Mr. Hennessy. "During the recent financial crisis we did not hide, but instead continued to regularly meet with clients, prospects and the media in order to further strengthen our marketing, sales and distribution foundation for the future growth of the company," he added.


The decline in earnings is primarily attributable to decreased mutual fund assets under management in the year over year period, which was caused in large part by market depreciation. During Q2 alone, assets under management were $641 million at the beginning of the quarter on December 31, 2008, dipped to a low of $475 million in March as the market hit its lows, but rebounded to finish the quarter at $699 million on March 31, 2009. From the low on March 9th to the end of the quarter on March 31st, assets under management grew approximately 14% mainly due to market appreciation, and on March 23rd, Hennessy closed the acquisition of the Tamarack Funds. Given the late timing of this surge in assets under management, it had relatively little effect on earnings for the second quarter.


"I foresee steady and sustainable economic growth in the coming months that will come from fundamental financial improvement in well-run companies. It is my opinion that investors learned an important lesson about leverage and will resume investing in high quality stocks and mutual funds as confidence in the markets is restored," said Mr. Hennessy. "I believe that the recovery actually started in November with the first injection of government TARP spending and that the lows the market hit in March are behind us. As in any type of recovery, it will take time for the fix to work its way through the system. We have successfully managed the company through a number of difficult market cycles over the years, and we will continue to execute our long-term business plan to build assets under management organically, to strengthen our sales network, to aggressively pursue acquisitions and to continue to pay down our debt," added Mr. Hennessy.



Hennessy Advisors, Inc.
Financial Highlights
Period to Period

Three Months Ended
Second Quarter March 31, March 31, $ Change % Change
2009 2008
Total Revenue $1,194,526 $2,454,848 $(1,260,322) -51.3%
Net Income (Loss) $(133,514) $419,994 $(553,508) -131.8%
Earnings (Loss) per
share diluted $(0.02) $0.07 $(0.09) -128.6%
Weighted Average number
of shares outstanding 5,676,677 5,701,678 (25,001) -0.4%


At Period Ending Date March 31, March 31, $ Change % Change
2009 2008
Mutual Fund Assets
Under Management $699,175,969 $1,098,694,513 $(399,518,544) -36.4%




Hennessy Advisors, Inc. is a publicly traded investment advisor to a family of mutual funds committed to their time-tested, quantitative stock selection formulas and disciplined money management approach.


Supplemental Information

Nothing in this section shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.


Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Neil J. Hennessy

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=36873




SOURCE Hennessy Advisors, Inc.



----------------------------------------------
Tania Kelley of Hennessy Advisors
Inc.
7250 Redwood Blvd.
Suite 200
Novato
CA 94945
1-800-966-4354
or +1-415-899-1555
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