secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001493152-23-007169
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315223007169/0001493152-23-007169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315223007169/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007169

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