Rand Capital Reports 27% Increase in Total Investment Income for 2023
Rand Capital Corporation - Closed End Fund (RAND)
US:NASDAQ Investor Relations:
ir.randcapital.com
Company Research
Source: Business Wire
Portfolio expansion centered on debt investments drives total investment income growth of 11% to $1.9 million for the fourth quarter and 27% to $7.3 million for full year 2023Rand’s portfolio was comprised of 64% interest yielding debt instruments at year-end compared with 56% at the end of 2022, which improved the portfolio yield and net interest incomePaid total dividends of $1.33 per share in 2023, up 60% from 2022Net asset value per share (“NAV”) was $23.56 at December 31, 2023, up 5% from year-end 2022$2.3 million in follow on investments during the fourth quarter; Full year 2023 investments totaled $20.3 million 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 fourth quarter and full year ended December 31, 2023.Daniel P. Penberthy, President and Chief Executive Officer of Rand, commented, “We deliver
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RAND
News
- Rand Capital Corporation (NASDAQ:RAND) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rand Capital Announces $0.25 per Share Cash Dividend for First Quarter 2024Business Wire
- Rand Capital Announces Fourth Quarter and Full Year 2023 Financial Results Conference Call and WebcastBusiness Wire
- Rand Capital's Board of Directors Approves Reduction of Asset Coverage Requirement [Yahoo! Finance]Yahoo! Finance
- Rand Capital’s Board of Directors Approves Reduction of Asset Coverage RequirementBusiness Wire
RAND
Sec Filings
- 4/1/24 - Form ARS
- 4/1/24 - Form DEF
- 4/1/24 - Form 40-17F2
- RAND's page on the SEC website