Unavailable
Unavailable
Save time and jump to the most important pieces.
4 - RAND CAPITAL CORP (0000081955) (Issuer)
4 - RAND CAPITAL CORP (0000081955) (Issuer)
4 - RAND CAPITAL CORP (0000081955) (Issuer)
10-Q - RAND CAPITAL CORP (0000081955) (Filer)
40-17F2 - RAND CAPITAL CORP (0000081955) (Subject)
40-17G - RAND CAPITAL CORP (0000081955) (Filer)
Total investment income rose 27% to $2.2 million for the quarter compared with the third quarter last year, driven by strong growth in interest income from an expanded portfolio of debt investments Net asset value per share ("NAV") increased to $27.29, up 3% from June 30, 2024 and 16% higher than year-end 2023 $13.1 million received from the sale of portfolio company SciAps, Inc. with proceeds used to reduce debt balance Paid a quarterly dividend of $0.29 per share for third quarter 2024 Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced its results for the thi
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced that it plans to release its third quarter 2024 financial results before the opening of financial markets on Wednesday, November 6, 2024. The Company will also host a conference call and webcast to review its results that day. Third Quarter 2024 Conference Call Wednesday, November 6, 2024 1:30 p.m. Eastern Time Phone: (201) 689-8263 Webcast: ir.randcapital.com A telephonic replay will be available from 5:30 p.m. ET on the day of the call through Wednesday, November 20, 2024. To listen to the archived call, dial (412)
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, today announced the successful completion of the previously reported acquisition of its portfolio company, SciAps, Inc., by Spectris plc (LSE: SXS). The transaction closed on August 21, 2024, and yielded total proceeds for Rand at the closing of $13.1 million, exceeding the June 30, 2024 valuation for Rand's equity and debt investments in SciAps of $10.8 million. The proceeds from the sale payable at closing to Rand consisted of $2.1 million in debt repayment, $165,000 in interest income and loan-related fees, and $10.8 million
SciAps has been in the Rand portfolio for nearly eleven years during which time Rand provided an initial equity investment, several follow-on equity investments and most recently invested $2.1 million in August 2021 as a secured note. Rand holds approximately 6% of the equity of SciAps with a cost basis of $3.1 million. Total cost of the investment was $5.2 million including the recent debt instrument. The portfolio company represented 8.5% of Rand's net asset value as of March 31, 2024.
Rand Capital (NASDAQ:RAND) reported quarterly earnings of $0.37 per share. This is a 5.13 percent decrease over earnings of $0.39 per share from the same period last year. The company reported $2.07 million in sales this quarter. This is a 11.67 percent increase over sales of $1.85 million the same period last year.
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share, which increased $0.04 per share, or 16%, from the dividend paid in the first quarter of 2024. The dividend will be distributed on or about June 14, 2024, to shareholders of record as of May 31, 2024. Rand has approximately 2.6 million shares outstanding."This increase in our dividend underscores the strength and stability of our business operations, as well as our confidence in the future prospects of the Company," commented Daniel P
4 - RAND CAPITAL CORP (0000081955) (Issuer)
4 - RAND CAPITAL CORP (0000081955) (Issuer)
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced today that SciAps, Inc., a portfolio company in which Rand has an equity and debt investment, is to be acquired by Spectris plc (LSE: SXS) for consideration of up to $260 million comprised of up-front consideration of $200 million plus a deferred element of up to $60 million payable subject to SciAps attaining certain financial metrics. The transaction is subject to customary closing conditions and regulatory approvals, with completion expected to take place later this year. Daniel P. Penberthy, President and CEO of R
Allen F. "Pete" Grum to retire as President and CEO and become Vice Chair of Board of Directors Daniel P. Penberthy appointed President and CEO effective December 1, 2021 Margaret Brechtel promoted to Executive Vice President and CFO Robert M. Zak appointed Chair of the Board Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company, announced today that Allen F. "Pete" Grum, President and Chief Executive Officer of Rand, intends to retire effective December 1, 2021. Mr. Grum will remain as a member of the Board of Directors of the Company and has been appointed Vice Chair of the Board of Directors of the Company effective December 1, 2021. As
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced that it plans to release its third quarter 2024 financial results before the opening of financial markets on Wednesday, November 6, 2024. The Company will also host a conference call and webcast to review its results that day. Third Quarter 2024 Conference Call Wednesday, November 6, 2024 1:30 p.m. Eastern Time Phone: (201) 689-8263 Webcast: ir.randcapital.com A telephonic replay will be available from 5:30 p.m. ET on the day of the call through Wednesday, November 20, 2024. To listen to the archived call, dial (412)
Total investment income increased 18% to $2.1 million for the quarter compared with the second quarter last year driven by strong growth in interest income from an expanded portfolio of debt investments Net asset value per share ("NAV") was $26.56 at June 30, 2024, up 11% from March 31, 2024 and up 13% from year-end 2023 Capitalized on market conditions with the sale of certain BDC holdings that resulted in a realized gain of $1.3 million Reduced debt balance $2.0 million during the quarter and repaid an additional $2.3 million subsequent to quarter-end Portfolio company SciAps expected to be acquired in 2024 after definitive purchase agreement signed Announced a quarterly d
Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share. The cash dividend will be distributed on or about September 13, 2024, to shareholders of record as of August 30, 2024. Rand has approximately 2.6 million shares outstanding. Additional Information Regarding Dividend Distributions The amount and timing of dividend distributions, including future dividend distributions, are subject to the discretion of Rand's Board of Directors. When declaring distributions, Rand's Board of Direct