Hennessy Advisors, Inc. Declares Quarterly Dividend

             Hennessy Advisors, Inc. Declares Quarterly Dividend

PR Newswire

NOVATO, Calif., Oct. 30, 2012

NOVATO, Calif., Oct. 30, 2012 /PRNewswire/ --Hennessy Advisors, Inc.
(OTCBB:HNNA) The Board of Directors of Hennessy Advisors, Inc. today declared
a quarterly dividend of $0.03125 per share to be paid on December 7, 2012 to
shareholders of record as of November 14, 2012.

"On the heels of our successful acquisition of the FBR Funds, we are pleased
to continue to bring good news to our shareholders. Today that good news is
in the form of the announcement of our dividend," said Neil Hennessy,
President, Chairman and CEO of Hennessy Advisors, Inc. "The Board of Hennessy
Advisors, Inc. along with the entire team at Hennessy is convinced that this
recent acquisition and the slow, but steady economic recovery will continue to
bolster the strong underlying fundamentals of our company and we remain
committed to building shareholder value for every Hennessy investor," added
Mr. Hennessy.

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.

Contact: Tania Kelley, Hennessy Advisors, Inc., +1-800-966-4354, or
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