secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001493152-24-018794
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/0001493152-24-018794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315224018794/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018794

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