NOVATO, Calif., March 3 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) , investment manager of the Hennessy family of mutual funds, today announced the launch of an Institutional share class of its Hennessy Cornerstone Growth Fund (HICGX), Hennessy Cornerstone Growth Fund, Series II (HINLX), Hennessy Focus 30 Fund (HIFTX) and Hennessy Cornerstone Value Fund (HICVX). These funds each require a minimum investment of $250,000 and have an expense ratio capped at 0.98%. "We are excited to expand our product offering to the institutional marketplace with this new share class of these quantitatively managed funds," said Neil Hennessy, President and Portfolio Manager of Hennessy Funds. "We believe that our largest shareholders will be pleased with the expense ratio of less than 1% for these Institutional shares, and that the lower cost, coupled with our history of performance, should make these funds very attractive to institutional investors and enable us to compete more effectively for additional assets," he added. About Hennessy Funds Hennessy Funds offers a family of no-load mutual funds, which satisfy a variety of investment horizons and risk tolerance levels. Each of the Hennessy Funds utilizes a quantitative stock selection strategy and is managed with the discipline and consistency of an index fund. In addition to the Institutional share class funds mentioned above, Hennessy also offers an Original share class of six funds, which includes the Hennessy Cornerstone Growth Fund (HFCGX), the Hennessy Cornerstone Growth Fund, Series II (HENLX), the Hennessy Cornerstone Value Fund (HFCVX), the Hennessy Focus 30 Fund (HFTFX), the Hennessy Total Return Fund (HDOGX) and the Hennessy Balanced Fund (HBFBX). Supplemental Information Mutual fund investing involves risk. Loss of principal is possible. Small and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities 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 1-800-966-4354 or visiting http://www.hennessyfunds.com/. Please read it carefully before investing. While the Hennessy Funds are no-load, management and distribution fees and other expenses apply. Quasar Distributors, LLC, Distributor. 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 DATASOURCE: Hennessy Advisors, Inc. CONTACT: Brian Peery of Hennessy Advisors, Inc., 1-800-966-4354, or +1-415-899-1555 Web site: http://www.hennessyadvisors.com/ http://www.hennessyfunds.com/

Copyright