secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2026-08-05T12:10:19+00:00
Accession:  0001493152-26-036108
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital Q2 2026: net investment income $0.24/share (down 71% YoY); NAV $17.33; dividend $0.29
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- Total investment income $1.4M, down 13% from $1.6M; non-accruals pressure.
- Net investment income $710k ($0.24/share) vs $2.5M ($0.83) prior year; adjusted $0.24 vs $0.33.
- Portfolio fair value $56.5M (+16.5% from Dec 2025); deployed $6.9M into two new investments; realized gain $959k.
- BMP Swanson write-down of $2.5M to zero; weighted average yield on debt 8.98% vs 11.3%.
- Declared Q3 dividend $0.29/share; cash $430k; line of credit $5.1M outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/0001493152-26-036108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-036108

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