---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-030363"
form_type: "8-K"
ticker: "RAND"
cik: "0000081955"
company_name: "RAND CAPITAL CORP"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:47:12.193181+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rand Capital Q2 2024: Investment income up 18% to $2.1M; NAV rises 11% to $26.56

## Summary
- Total investment income $2.1M (+18% YoY); net investment loss of $0.20/share due to $1.2M capital gains incentive fee accrual.
- Adjusted net investment income per share $0.44, up 16% from $0.38; adjusted expenses $1.0M vs $816k.
- NAV $26.56 per share at June 30, 2024, up 11% from March 31 and 13% from year-end 2023.
- Reduced debt by $2.0M during quarter, repaid additional $2.3M after quarter-end; portfolio SciAps pending acquisition in 2024.
- Declared Q3 dividend of $0.29 per share, unchanged; sold BDC holdings for $3.3M proceeds with $1.3M realized gain.

## SEC filing metadata
- accession: 0001493152-24-030363
- form_type: 8-K
- ticker: RAND
- cik: 0000081955
- company_name: RAND CAPITAL CORP
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81955/000149315224030363/0001493152-24-030363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81955/000149315224030363/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-030363
- JSON: https://secwatch.observer/filing/0001493152-24-030363.json
- Plain text: https://secwatch.observer/filing/0001493152-24-030363.txt

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