Rand Capital Q2 total investment income rises 34% to $1.8M; NAV per share $23.79

RAND CAPITAL CORP

2023-Q2 EPS reported $1.88

Net investment income $493K ($0.19/sh); adjusted NII $0.38/sh vs $0.29 prior year.
Portfolio fair value $66.8M (+9% from Dec 2022); debt yield 13.5%; 29 portfolio companies.
Received $6.8M proceeds from DSD sale with $2.5M gain; sold 125K ACV Auctions shares for $1.7M gain.
Cash $8.4M, up from $1.4M at year-end; paid down $3M on $10.7M credit facility in July.
Declared Q3 dividend $0.25/sh payable Sept 14, 2023 to holders of record Aug 31.

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 0.95

RAND CAPITAL CORP reported the second quarter ended June 30, 2023 results: revenue $1.8 million, net income $493,000, or $0.19 per share, EPS $0.19 per share.

Period: the second quarter ended June 30, 2023
Revenue: $1.8 million
Net income: $493,000, or $0.19 per share
EPS: $0.19 per share
Result: reported results

Exact text from the filing

• Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports 34% Increase in Total Investment Income for Second Quarter 2023 ● Total investment income increased 34% to $1.8 million for the quarter compared with the second quarter last year driven by strong growth in interest and fee income ● Net asset value per share (“NAV”) was $23.79 at June 30, 2023,

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Source: SEC EDGAR

accession 0001493152-23-026712

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