On January 14, 2014, Bulldog Investors announced that it may have violated Section 18(i) of the Investment Company Act of 1940 Act by issuing 515,552 shares of its common stock of Firsthand Technology Value Fund, Inc. that do not "have equal voting rights with every other outstanding voting stock" because, unlike the owners of every other share of outstanding voting stock, the owners of the newly issued stock may not freely vote them. Further, Bulldog stated that if shareholders think it is incorrect, , then let it know that it does not violate Section 18(i).