Rand Capital Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01. Other Events.
On December 5, 2024, the Board of Directors of Rand Capital Corporation (the “Company”) declared a dividend on the Company’s outstanding shares of common stock in the amount of $4.20 per share payable on January 24, 2025 to shareholders of record as of the close of business on December 16, 2024. The dividend will be paid in cash or shares of the Company’s common stock at the election of each shareholder, although the total amount of cash to be distributed to all shareholders for the dividend will be limited to 20% of the aggregate amount of the total dividend to be paid (the “Cash Limitation”). The remaining portion of the dividend will be paid in the form of shares of the Company’s common stock. The exact distribution of cash and stock to any given shareholder will be dependent upon his or her election as well as elections of other shareholders, subject to the Cash Limitation. The press release containing this information is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
Description of Exhibit | |
| 99.1 | Press Release, dated December 5, 2024. | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RAND CAPITAL CORPORATION | ||
| Date: December 5, 2024 | ||
| By: | /s/ Daniel Penberthy | |
| Name: | Daniel Penberthy | |
| Title: | Chief Executive Officer | |