secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001493152-25-001955
Event type: dividend
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315225001955/0001493152-25-001955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315225001955/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001955

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