---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-009642"
form_type: "8-K"
ticker: "RAND"
cik: "0000081955"
company_name: "RAND CAPITAL CORP"
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T02:28:38.313836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-009642
- form_type: 8-K
- ticker: RAND
- cik: 0000081955
- company_name: RAND CAPITAL CORP
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81955/000149315225009642/0001493152-25-009642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81955/000149315225009642/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-009642
- JSON: https://secwatch.observer/filing/0001493152-25-009642.json
- Plain text: https://secwatch.observer/filing/0001493152-25-009642.txt

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