{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-018794","form_type":"8-K","ticker":"RAND","cik":"0000081955","company_name":"RAND CAPITAL CORP","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.070387+00:00","generated_at":"2026-06-02T03:02:46.077207+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rand Capital Q1 2024: total investment income +12% to $2.1M, dividend raised 16% to $0.29/share","bullets":["Net investment income $840,000 ($0.33/share), up 17% YoY; NAV per share $23.85, up 1% from year-end 2023.","Debt investments now 70% of portfolio (vs 64% year-end 2023); annualized weighted avg yield on debt 13.7%.","Invested $10.8M in new/follow-on investments; sold remaining ACV Auctions stock for $3.5M realized gain.","Regular quarterly dividend increased 16% to $0.29/share, payable June 14, 2024 to holders of record May 31.","Board renewed share repurchase program authorizing up to $1.5M of common stock purchases through May 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-018794","json":"https://secwatch.observer/filing/0001493152-24-018794.json","markdown":"https://secwatch.observer/filing/0001493152-24-018794.md","text":"https://secwatch.observer/filing/0001493152-24-018794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/0001493152-24-018794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T03:02:46.077207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"535bf2788731d5fb2295419613ed256bb4d2a1b8","claim":"RAND CAPITAL CORP reported the first quarter ended March 31, 2024 results: revenue $2.1 million, net income $840,000, or $0.33 per share, EPS $0.33 per share.","evidence_excerpt":"Total Investment Income for First Quarter 2024 ● Strategy focused on expanding portfolio composition with new debt investments drives total investment income growth of 12% to $2.1 million for the first quarter of 2024 ● Investment portfolio comprised of 70% interest yielding debt instruments at quarter-end compared with 64% at the end of 2023, improving","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/0001493152-24-018794-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$2.1 million"},{"label":"Net income","value":"$840,000, or $0.33 per share"},{"label":"EPS","value":"$0.33 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}