secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001493152-24-004152
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital board approves reducing asset coverage ratio to 150% effective Jan 2025
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- Board approved reduction of minimum asset coverage ratio from 200% to 150%, effective Jan 24, 2025.
- Change permitted by Small Business Credit Availability Act of 2018; requires a required majority vote.
- New ratio allows greater leverage capacity for the BDC, subject to senior securities conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315224004152/0001493152-24-004152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315224004152/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004152

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