Rand Capital Corp (RAND) Reports Q2 EPS of $0.29

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Go back to Rand Capital Corp (RAND) Reports Q2 EPS of $0.29

Rand Capital Reports 67% Increase in Total Investment Income for Second Quarter 2022

August 8, 2022 6:55 AM EDT

Portfolio expansion focused on income producing assets drove 67% total investment income growth to $1.4 million for the quarter Net asset value per share (NAV) was $22.34 at June 30, 2022, which reflected a decline in market value of portfolio holdings in publicly traded securities Follow-on debt investment of $2.2 million to support portfolio company growth Announced a quarterly dividend of $0.15 per share for third quarter 2022 Secured new $25 million senior secured revolving credit facility to support future portfolio investments

BUFFALO, N.Y.--(BUSINESS... More