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Stock impact report

Rand Capital Announces Second Quarter 2017 Results

Rand Capital Corporation - Closed End Fund (RAND) 
US:NASDAQ Investor Relations: ir.randcapital.com
Company Research Source: Marketwire
BUFFALO, NY -- (Marketwired) -- 08/07/17 -- Portfolio company Athenex completes initial public offering Invested $3.35 million in four follow-on transactions Net Asset Value per share was $5.00 at June 30 Rand Capital Corporation (NASDAQ: RAND) ("Rand"), a venture capital company which invests in growth businesses with unique product, service or technology concepts, announced its results for the quarter and year-to-date periods ended June 30, 2017. Allen F. ("Pete") Grum, President and Chief Executive Officer of Rand Capital, commented, "Our application for our second SBIC fund is under review by the SBA. In support of the proposed SBIC, we contributed $7.5 million of cash to this subsidiary. We anticipate receiving approval for $15 million of new leverage. We invested $3.35 million in four portfolio companies durin Show less Read more
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