Rand Capital reports Q4 dividend election: 98% chose cash, paid 20.4% cash due to cap

RAND CAPITAL CORP

Dividend of $4.20/share (~$10.8M total) payable Jan 24, 2025.
Cash limited to 20% (~$2.2M); remaining ~$8.7M paid in stock at $22.30 VWAP.
98% of shares elected cash; due to limit, each cash elector gets ~20.4% cash, 79.6% stock.
Total shares to be distributed ~389k; post-distribution shares outstanding ~2.97M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.