Quarterly ResultAug 5, 2026, 08:15 AM
Rand Capital Q2 Investment Income $1.4M; NAV $17.33
AI Summary
Rand Capital Corporation reported its second quarter fiscal year 2026 results, with total investment income decreasing to $1.4 million from $1.6 million in the prior-year period, primarily due to non-accruals. The company's net asset value (NAV) per share stood at $17.33 as of June 30, 2026, and net investment income was $0.24 per share. Rand Capital deployed $6.9 million into two new portfolio investments and realized a gain of $959,000 from a portfolio exit, while also experiencing a $2.5 million write-down due to one company ceasing operations. The company maintained its regular quarterly dividend of $0.29 per share.
Key Highlights
- Total investment income was $1.4 million, down from $1.6 million in prior-year period.
- Net asset value (NAV) per share was $17.33 at June 30, 2026.
- Realized gain of $959,000 from the exit of Applied Image.
- Deployed $6.9 million into two new portfolio investments.
- Declared a quarterly dividend of $0.29 per share for Q3 2026.
- Net investment income was $0.24 per share, down from $0.83 per share YoY.
- Investment portfolio fair value increased to $56.5 million, up 16.5% from Dec 31, 2025.
- BMP Swanson Holdco LLC ceased operations, resulting in a $2.5 million fair value reduction.
Price Impact