secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001493152-26-021411
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital Q1 2026 total investment income $1.2M, down 38% YoY; NII $0.18/share vs $0.42
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- Total investment income $1.2M vs $2.0M prior year, driven by lower interest and fee income and non-accruals.
- Net investment income $545K ($0.18/share) vs $1.2M ($0.42/share) in Q1 2025.
- NAV per share $17.16 at March 31, 2026; portfolio fair value $51.5M.
- Realized gain of $1.1M from exit of Seybert's Billiards; deployed $5.1M into new/follow-on investments.
- Quarterly dividend maintained at $0.29/share; board renewed $1.5M share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315226021411/0001493152-26-021411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315226021411/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021411

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