Rand Capital Reports 27% Increase in Total Investment Income for Third Quarter 2024, Supported by Strategic Debt Portfolio Growth
Rand Capital Corporation - Closed End Fund (RAND)
US:NASDAQ Investor Relations:
ir.randcapital.com
Company Research
Source: Business Wire
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 investmentsNet 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 balancePaid a quarterly dividend of $0.29 per share for third quarter 2024 BUFFALO, N.Y.--(BUSINESS WIRE)--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 third quarter ended September 30, 2024."Our third quarter results reflect the strength of our investment strategy, highlighted by a 27% increase in total investment income, driven by the growth in our debt portfolio,” commented Daniel P. Penberthy, President and Chief Executive
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News
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024Business Wire
- Rand Capital Corp (RAND) Q3 2024 Earnings Call Highlights: Strong Investment Income Growth and ... [Yahoo! Finance]Yahoo! Finance
- Rand Capital Announces Third Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
RAND
Sec Filings
- 12/17/24 - Form 8-K
- 12/5/24 - Form 8-K
- 11/22/24 - Form 4
- RAND's page on the SEC website