---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050331"
form_type: "8-K"
ticker: "RAND"
cik: "0000081955"
company_name: "RAND CAPITAL CORP"
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:39:43.578070+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Rand Capital issues shareholder notice for $4.20 dividend election; cash portion capped at 20% of $10.8M

## Summary
- Dividend of $4.20 per share, aggregate ~$10.8M, payable Jan 24, 2025 to holders of record Dec 16, 2024.
- Total cash component limited to 20% of aggregate dividend; excess cash elections pro-rated.
- Stock price for conversion set at VWAP $22.30 (Dec 11-13), resulting in ~388,806 new shares.
- Shareholders can elect cash or stock; election forms due Jan 7, 2025; silence defaults to cash election.

## SEC filing metadata
- accession: 0001493152-24-050331
- form_type: 8-K
- ticker: RAND
- cik: 0000081955
- company_name: RAND CAPITAL CORP
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81955/000149315224050331/0001493152-24-050331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81955/000149315224050331/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050331
- JSON: https://secwatch.observer/filing/0001493152-24-050331.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050331.txt

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