secwatch.observer — SEC 8-K summary
======================================

Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001493152-23-026712
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 Q2 total investment income rises 34% to $1.8M; NAV per share $23.79
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315223026712/0001493152-23-026712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315223026712/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026712

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer