Rand Capital Q4 total investment income up 40% to $1.7M; raises quarterly dividend 33%

RAND CAPITAL CORP

Q4 net investment income per share $0.48 vs $0.12 prior year; adjusted $0.41 vs $0.16.
Full year 2022 net investment income per share $1.72, reversing prior year loss of $1.01 per share.
Debt portfolio now 56% of total portfolio (vs 46% in 2021); annualized weighted average yield on debt 12.6%.
Paid total dividends of $0.83 per share in 2022, up ~90%; regular quarterly dividend raised 33% to $0.20.
Net asset value per share $22.36 at year-end vs $23.54 a year ago; cash plus public equities available $7.8M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RAND CAPITAL CORP reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 10, 2023, Rand Capital Corporation (the “Company”) issued a press release announcing its results for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001493152-23-007169

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