Rand Capital declares $4.20/share stock and cash dividend for Q4 2024

RAND CAPITAL CORP

Dividend of $4.20 per share, aggregate ~$10.8 million, payable in cash and stock.
Cash portion limited to 20% of aggregate (~$2.2M); remainder payable in common stock.
Record date December 16, 2024; payment date on or about January 24, 2025.
CEO cites $11.1M net realized gains in nine months ending Sept 30, 2024, from portfolio exits.
Dividend reflects continued transition to a debt-focused portfolio of mezzanine investments.

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