CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Rand Capital Corporation (RAND)

BDC - Equity Focused BDC

Data as of Oct. 9, 2024
Current
Market Price $17.02 (+ $0.27)
NAV (June 30, 2024) $26.56 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -35.92% (+1.02%)
Fund Info
Inception Jan. 1, 1971
Sponsor Rand Capital
Website www.randcapital.com/
Phone 716-853-0802
Location New York
Incorporated New York
Staggered Board No
Term Date N/A
Objective: The company invest in equity instruments, debt instruments of small-to mid-sized companies.
Capital & Leverage
Outstanding Shares 2,581,021
Total Assets (Reported: June 30, 2024) $90M
Estimated Total Assets $85M
Net Assets $69M
Market Cap $44M
Portfolio Turnover 13.33%
Debt-to-Equity 0.2509
Total Leverage 18.95%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 16.41%
Non Lev Exp Ratio 13.98%
Gross Asset Expense Ratio 11.69%
Gross Asset Non Lev Exp Ratio 9.96%
Rel Lev Cost 9.14%
Discount Data
Average Discount (3 Yr) -37.92%
Discount Low(3 Yr) -47.25%
Discount High(3 Yr) -24.54%
Discount Rel Range (3 Yr) 49.90%
Comp Discount 1.32
Discount St Dev (1Yr) 4.88
Z-Stat
Z-Stat (6mo) 0.09
Z-Stat (1Yr) 0.78
Z-Stat (3Yr) 0.40
Comp Z-Stat (6mo) -0.49
Comp Z-Stat (3Yr) 0.76
Distribution Data
Market Yield 6.82%
Income Yield 6.82%
Lev Adj NAV Yield 3.67%
Av Yield on Debt Investments 13.80
Distribution Frequency Q
Current Distribution $0.290
Current Income $0.290
Ex-Date 8/30/24
Payable Date 9/13/24
Div Growth (3yr) 190.00%
Dividend Change 16.0% on 5/8/24
Expected Div 12/3/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $39
Avg Volume 30 day 2,549
Avg Volume 90 day 2,274
Volume Trend 12.09%
Comp Volume Trend -4.93%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
5.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
-1.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
4.0%
Most Correlated Peer (Mk Pr): SSSS 21.0%
Price St Dev (1Yr) 35.6%
NAV St Dev (1Yr) 11.5%
Earnings
Earnings / Share (6/30/24) $-0.200
Adj Core NII Coverage 150.14%
1 Yr Avg NII Coverage 78.97%
1 Yr Avg Adj Core NII Coverage 138.41%
NII Trend -81.68%
Adj Core NII Trend 16.42%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.12
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.11
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.13
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.