Hennessy Advisors, Inc. History and Milestones
1989 Firm commenced operations
1996 Launched first mutual fund, Hennessy Balanced Fund
1998 Launched Hennessy Total Return Fund
2000 Acquired Cornerstone Value and Cornerstone Growth Funds
2002 Initial Public Offering
2003 Acquired SYM Select Growth Fund and launched Hennessy Cornerstone Mid Cap 30 Fund
2004 Acquired Lindner Asset Management and merged five funds into existing Hennessy Funds
2005 Acquired Henlopen Fund and launched Hennessy Cornerstone Growth Fund, Series II
2009
Acquired Tamarack Large Cap Growth Fund and Tamarack Value Fund and launched Hennessy Cornerstone Large Growth Fund and Hennessy Large Value Fund
2009
Acquired SPARX Japan Fund and SPARX Japan Smaller Companies Fund, the predecessors to Hennessy Japan Fund and Hennessy Japan Small Cap Fund
2012
Acquired the FBR Funds, merged three funds into existing Hennessy Funds and added the following seven funds to the line-up: Hennessy Focus Fund, Hennessy Gas Utility Fund, Hennessy Small Cap Financial Fund, Hennessy Large Cap Financial Fund, Hennessy Technology Fund, Hennessy Equity & Income Fund and Hennessy Core Bond Fund
2014
Stock listing moved to NASDAQ from OTC BB
2015
Completed self-tender offer to repurchase 1 million shares at $25.00 per share
2016
Acquired The Westport Funds and merged two funds into Hennessy Cornerstone Mid Cap 30 Fund







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