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4 - RAND CAPITAL CORP (0000081955) (Issuer)
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 the results of shareholder elections for the fourth quarter 2024 dividend of $4.20 per share, or approximately $10.8 million in the aggregate, declared on December 5, 2024. The total amount of the dividend to be paid in cash is limited to 20% of the aggregate amount, or approximately $2.2 million, excluding any cash paid for fractional shares. The remaining approximately $8.7 million will be paid in shares of Rand's common stock using the volume-weighted average price for Rand's common stock for the three tradin
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 dividend of $4.20 per share, or approximately $10.8 million in the aggregate, to be paid in a combination of cash and shares of the Company's common stock to shareholders of record as of December 16, 2024 (the "Record Date"). Daniel P. Penberthy, President and CEO, commented, "In 2024, we successfully executed strategic portfolio exits and achieved what we believe are meaningful gains, even while navigating a challenging economic environment. In the third quarter,
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
4 - RAND CAPITAL CORP (0000081955) (Issuer)
4 - RAND CAPITAL CORP (0000081955) (Issuer)
4 - RAND CAPITAL CORP (0000081955) (Issuer)
40-17F2 - RAND CAPITAL CORP (0000081955) (Subject)
8-K - RAND CAPITAL CORP (0000081955) (Filer)
8-K - RAND CAPITAL CORP (0000081955) (Filer)
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 today the results of shareholder elections for the fourth quarter 2024 dividend of $4.20 per share, or approximately $10.8 million in the aggregate, declared on December 5, 2024. The total amount of the dividend to be paid in cash is limited to 20% of the aggregate amount, or approximately $2.2 million, excluding any cash paid for fractional shares. The remaining approximately $8.7 million will be paid in shares of Rand's common stock using the volume-weighted average price for Rand's common stock for the three tradin
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 dividend of $4.20 per share, or approximately $10.8 million in the aggregate, to be paid in a combination of cash and shares of the Company's common stock to shareholders of record as of December 16, 2024 (the "Record Date"). Daniel P. Penberthy, President and CEO, commented, "In 2024, we successfully executed strategic portfolio exits and achieved what we believe are meaningful gains, even while navigating a challenging economic environment. In the third quarter,
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)