Rand Capital Reports Net Investment Income per Share of $0.29 for the Fourth Quarter 2020 and $0.77 for the Full Year
BUFFALO, N.Y.–(BUSINESS WIRE)–Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company (“BDC”), announced its results for the quarter and year ended December 31, 2020.
Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand, commented, “We made measurable progress in 2020 with the transformation of Rand Capital. We declared a special dividend of $23.7 million, or $1.62 per share in March; executed a 1:9 reverse stock split in May; declared the 2020 dividend of $1.33 per share in December and continued to evolve our portfolio. Importantly, we have now structured a path for regularly quarterly dividend payments.”
He added, “The evolution of our…