secwatch.observer — SEC 8-K summary
======================================

Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001493152-24-030363
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315224030363/0001493152-24-030363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315224030363/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer