Rand Capital subsidiary repays $11.2M SBA debentures, surrenders SBIC license

RAND CAPITAL CORP

Wholly-owned subsidiary Rand Capital SBIC Inc. repaid all SBA-guaranteed debentures plus accrued interest totaling $11.2M on Nov 2, 2021.
Company notified SBA of intention to surrender its SBIC license, ceasing SBIC operations.
Repayment and license surrender terminate access to an additional $3M in SBA-guaranteed debentures.

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