Rand Capital reports 17% investment income growth in 2024; NAV up 7% to $25.31

RAND CAPITAL CORP

Total investment income rose 17% to $8.6M for full year 2024, driven by debt portfolio expansion.
Net investment income per share $1.33 in 2024 vs $1.15 in 2023; adjusted NII per share $1.72 vs $1.46.
Debt investments now 75% of portfolio (up from 64% in 2023); weighted average yield 13.8%.
2024 total dividends of $5.03/share, including $3.36 stock dividend; regular quarterly cash raised 16%.
Bank debt reduced to $600k on $25M facility; $2.9M new investment in Mobile IV Nurses.

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