secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001641172-25-008614
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital Q1 NII up 45% to $0.42/shr; NAV drops to $21.99 from $25.31
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- Net investment income $1.2M ($0.42/shr) vs $840K ($0.33/shr) YoY; total investment income $2.0M, down 3%.
- NAV per share fell 13% to $21.99 from $25.31 at year-end 2024, partly due to share issuance.
- Revolver debt fully repaid; quarter-end cash $4.9M and $22M available credit capacity.
- Declared unchanged Q2 dividend of $0.29/shr; weighted average shares up 11% to 2.87M.
- Annualized yield on debt investments declined to 12.2% from 13.8% at year-end 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000164117225008614/0001641172-25-008614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000164117225008614/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-008614

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