Articles from Rand Capital Corporation

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 March 28, 2025, to shareholders of record as of March 14, 2025. Rand has approximately 3.0 million shares outstanding.

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 fourth quarter and full year 2024 financial results before the opening of financial markets on Monday, March 10, 2025. The Company will also host a conference call and webcast to review its results that day.

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.

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”).

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.

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.

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.

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 second quarter ended June 30, 2024.

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.

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 second quarter 2024 financial results before the opening of financial markets on Tuesday, August 6, 2024. The Company will also host a conference call and webcast to review its results that day.

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.

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 first quarter ended March 31, 2024.

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.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its first quarter 2024 financial results before the opening of financial markets on Monday, May 13, 2024. The Company will also host a conference call and webcast to review its results that day.

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.

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 $0.25 per share. The cash dividend will be distributed on or about March 29, 2024, to shareholders of record as of March 13, 2024. Rand has approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced today that, on January 24, 2024, its Board of Directors approved a reduction of the Company's minimum asset coverage ratio from 200% to 150%, effective January 24, 2025.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a total quarterly cash dividend of $0.63 per share comprised of a $0.25 per share regular quarterly cash dividend and a $0.38 per share special cash dividend. Each of the dividends will be distributed on or about December 29, 2023, to shareholders of record as of December 18, 2023. Rand has approximately 2.6 million shares outstanding.

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, 2023.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its third quarter 2023 financial results before the opening of financial markets on Monday, November 6, 2023. The Company will also host a conference call and webcast to review its results that day.

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 second quarter ended June 30, 2023.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), 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 $0.25 per share. The cash dividend will be distributed on or about September 14, 2023, to shareholders of record as of August 31, 2023. Rand has approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its second quarter 2023 financial results before the opening of financial markets on Friday, August 4, 2023. The Company will also host a conference call and webcast to review its results that day.

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 first quarter ended March 31, 2023.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), 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 $0.25 per share, which was increased by $0.05 per share, or 25%, from the dividend paid in the first quarter of 2023. The dividend will be distributed on or about June 14, 2023, to shareholders of record as of May 31, 2023. Rand has approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its first quarter 2023 financial results before the opening of financial markets on Tuesday, May 9, 2023. The Company will also host a conference call and webcast to review its results that day.

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 ended December 31, 2022.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), 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 $0.20 per share. The cash dividend will be distributed on or about March 27, 2023, to shareholders of record as of March 13, 2023. Rand has approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its fourth quarter and full year 2022 financial results before the opening of financial markets on Friday, March 10, 2023. The Company will also host a conference call and webcast to review its results that day.

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 total quarterly cash dividend of $0.38 per share comprised of a $0.20 per share regular quarterly cash dividend, which was increased by $0.05 per share, and an $0.18 per share supplemental cash dividend. The dividend will be distributed on or about Friday, December 30, 2022, to shareholders of record as of Monday, December 19, 2022. At September 30, 2022, Rand had approximately 2.6 million shares outstanding.

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, 2022.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its third quarter 2022 financial results before the opening of financial markets on Monday, November 7, 2022. The Company will also host a conference call and webcast to review its results that day.

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 second quarter ended June 30, 2022.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), 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 $0.15 per share. The cash dividend will be distributed on or about September 15, 2022, to shareholders of record as of September 1, 2022. At June 30, 2022, Rand had approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its second quarter 2022 financial results before the opening of financial markets on Monday, August 8, 2022. The Company will also host a conference call and webcast to review its results that day.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced the closing of a $25 million senior secured revolving credit facility. The funds are expected to be used for future portfolio investments. This new senior secured credit facility was provided by M&T Bank.

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 first quarter ended March 31, 2022.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared its regular quarterly cash dividend distribution of $0.15 per share. The cash dividend will be distributed on or about June 15, 2022, to shareholders of record as of June 1, 2022. At March 31, 2022, Rand had approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its first quarter 2022 financial results before the opening of financial markets on Monday, May 9, 2022. The Company will also host a conference call and webcast to review its results that day.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company, announced today Cari Jaroslawsky was elected to the Board of Directors, replacing Allen F. “Pete” Grum, whose directorship term expired at the Annual Meeting of Shareholders held yesterday. With these changes, Rand’s Board is comprised of five directors, four of whom are independent.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced today a regular quarterly dividend of $0.10 per share.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter ended September 30, 2021.

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 a result of Mr. Grum’s pending retirement, the Board of Directors has appointed Daniel Penberthy, Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company, to serve as President and Chief Executive Officer of the Company effective December 1, 2021. In addition, Margaret Brechtel, Vice President of Finance, will succeed Mr. Penberthy as Executive Vice President, Treasurer, Chief Financial Officer and Secretary of the Company, also effective December 1, 2021.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company, announced that it will release its third quarter 2021 financial results before the opening of financial markets on Friday, November 5, 2021.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), announced today that it sold all of its equity holdings in Centivo Corporation for gross proceeds of approximately $2.4 million. Centivo was held at a fair value of $1.4 million and represented 2.4% of Rand’s net assets, each at June 30, 2021.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter ended June 30, 2021.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), announced today that its Board of Directors declared its regular quarterly cash dividend distribution of $0.10 per share. The cash dividend will be distributed on or about September 16, 2021, to shareholders of record as of September 2, 2021. At June 30, 2021, Rand had approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company, announced that it will release its second quarter 2021 financial results before the opening of financial markets on Monday, August 9, 2021.

Rand Capital Corporation (Nasdaq: RAND), a business development company (“BDC”), announced that President and Chief Executive Officer Allen F. (“Pete”) Grum will ring the Nasdaq closing bell today at 4:00 p.m. ET in celebration of 50 years of trading on the Nasdaq Stock Market.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter ended March 31, 2021.

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company (“BDC”), today announced that its Board of Directors declared its regular quarterly cash dividend of $0.10 per share. The cash dividend will be paid on or about June 16, 2021 to shareholders of record as of June 2, 2021. At March 31, 2021, Rand had approximately 2.6 million shares outstanding.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company, announced that it will release its first quarter 2021 financial results before the opening of financial markets on Monday, May 10, 2021.