secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001493152-25-021190
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital Q3 net investment income rises to $0.33/share; total investment income falls 29% to $1.6M
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- Net investment income $993k ($0.33/share) vs $887k ($0.34/share) in Q3 2024; adjusted NII $0.33/share vs $0.46.
- Total investment income $1.6M, down 29% YoY; 39% of income was non-cash PIK interest (24% a year ago).
- Received $8.3M repayments, funded $2.9M new/follow-on; portfolio fair value $44.3M, down 37% from Dec 2024.
- Cash $9.5M, no debt, $18.3M credit line available; paid $0.29/share quarterly dividend.
- New $2.5M investment in BlackJet Direct Marketing; realized $2.9M loss on Tilson Technology exit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315225021190/0001493152-25-021190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315225021190/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021190

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