Rand Capital Reports 27% Total Investment Income Growth in 2023; Dividends Up 60% to $1.33/Share

RAND CAPITAL CORP

Total investment income $7.3M in 2023 (+27% YoY); Q4 income $1.9M (+11%).
Adjusted net investment income per share $1.46, up 11% from $1.31 in 2022.
Portfolio fair value $77.1M (+25% YoY); debt yield 13.6% vs 12.6% year-end 2022.
Dividends paid $1.33 per share in 2023, up 60%; regular Q1 2024 dividend of $0.25 declared.
NAV per share $23.56, up 5% from year-end 2022; total net assets $60.8M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RAND CAPITAL CORP reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue Total investment income of $7.3 million increased $1.6 million, or 27%, from the prior year, net income Net investment income per share was $1.15 for 2023 compared with $1.72 per share in the prior year, EPS $0.37 per share.

Period: the fourth quarter and fiscal year ended December 31, 2023
Revenue: Total investment income of $7.3 million increased $1.6 million, or 27%, from the prior year
Net income: Net investment income per share was $1.15 for 2023 compared with $1.72 per share in the prior year
EPS: $0.37 per share
Result: reported results

Exact text from the filing

filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 NEWS RELEASE 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports 27% Increase in Total Investment Income for 2023 ● Portfolio expansion centered on debt investments drives total investment income growth of 11% to $1.9 million for the fourth

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Source: SEC EDGAR

accession 0001493152-24-008773

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