Value Line, Inc. (NASDAQ:VALU) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive
Agreement.

On November 30, 2016, Value Line, Inc., received consent from the
landlord of 551 Fifth Avenue, New York, NY to the terms of a new
sublease agreement between Value Line, Inc. (Value Line or
Company) and ABM Industries, Incorporated commencing on December
1, 2016. to the agreement Value Line will lease from ABM24,726
square feet of office space located on the second and third
floors at 551 Fifth Avenue, New York, NY (Building or Premises)
beginning on December 1, 2016 and ending on November 29, 2027.
Base rent under the sublease agreement will be $1,126,000 per
annum during the first year with an annual increase in base rent
of 2.25% scheduled for each subsequent year, payable in equal
monthly installments on the first day of each month, subject to
customary concessions in the Companys favor and pass-through of
certain increases in utility costs and real estate taxes over the
base year. The Company provided a security deposit represented by
a letter of credit in the amount of $469,000, which is scheduled
to be reduced to $305,000 on September 30, 2021 and fully
refunded after the sublease ends. This Building will become the
Companys new corporate office facility. The Company is required
to pay for certain operating expenses associated with the
Premises as well as utilities supplied to the Premises. The
sublease terms will provide for a significant decrease (23%
initially) in the Companys annual rental expenditure.

The foregoing summaries of the sublease agreement do not purport
to be complete and are qualified in their entirety by reference
to the sublease agreement, which will be attached as an exhibit
to the Companys interim report on Form 10-Q for the quarter ended
October 31, 2016.

Item 8.01.Other Events.

On December 2, 2016, the Company issued a press release which is
attached as Exhibit 99.1 and is incorporated into this Form 8-K
by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

About Value Line, Inc. (NASDAQ:VALU)

Value Line, Inc. (Value Line) is engaged in producing investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties for use in third-party managed and marketed investment products and for other purposes. The Company markets under brands, including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. As of April 30, 2016, its services included comprehensive reference periodical publications; targeted and periodical newsletters; investment analysis software, and current and historical financial databases. The comprehensive research services (The Value Line Investment Survey, The Value Line Investment Survey-Small and Mid-Cap, The Value Line 600, The Value Line Small and Mid-Cap 300, and The Value Line Fund Advisor Plus) provide both statistical and text coverage of investment securities.

Value Line, Inc. (NASDAQ:VALU) Recent Trading Information

Value Line, Inc. (NASDAQ:VALU) closed its last trading session down -0.09 at 20.79 with 12,149 shares trading hands.