secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001493152-24-050331
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315224050331/0001493152-24-050331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315224050331/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050331

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