---
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"
generated_at: "2026-06-02T03:02:46.077207+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rand Capital Q1 2024: total investment income +12% to $2.1M, dividend raised 16% to $0.29/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018794
- JSON: https://secwatch.observer/filing/0001493152-24-018794.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018794.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $2.1 million
  - Net income: $840,000, or $0.33 per share
  - EPS: $0.33 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/0001493152-24-018794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.