ADVISORS, INC. TO ACQUIRE SYM SELECT GROWTH FUND
CA – April 14, 2003 – Hennessy Advisors, Inc. (OTCBB:HNNA)
President and CEO Neil Hennessy announced today that Hennessy Advisors,
Inc. has agreed in principle to acquire the management contracts
for the SYM Select Growth Fund (SYMFX). The SYM Select Growth Fund
is a Mid-Cap Growth Fund with approximately $27 million currently
under management. SYM is located in Warsaw, Indiana.
of the transaction is subject to completion of due diligence to
the satisfaction of Hennessy Advisors, approval by the boards of
directors of both companies, and approval of SYMFX shareholders.
Advisors, Inc., located in Novato, CA, is the advisor to four no-load
mutual funds, satisfying a variety of investment horizons and risk
tolerance levels. Each of the Hennessy Funds employs a unique and
powerful money management approach combining superior, time-tested
stock selection formulas with unwavering discipline and consistency.
The Company serves clients with integrity, honesty and candor. The
Hennessy Funds strategies and performance are fully disclosed.
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.