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Rand Capital Corporation (RAND)

BDC - Equity Focused BDC

Data as of May 17, 2024
Market Price $14.95 (+ $0.59)
NAV (March 31, 2024) $23.85 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -37.32% (+2.47%)
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: March 31, 2024) $84M
Estimated Total Assets $80M
Net Assets $62M
Market Cap $39M
Portfolio Turnover 13.56%
Debt-to-Equity 0.3118
Total Leverage 22.76%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 8.02%
Non Lev Exp Ratio 5.48%
Gross Asset Expense Ratio 5.82%
Gross Asset Non Lev Exp Ratio 3.97%
Rel Lev Cost 8.13%
Discount Data
Average Discount (3 Yr) -35.99%
Discount Low(3 Yr) -46.57%
Discount High(3 Yr) -11.12%
Discount Rel Range (3 Yr) 26.10%
Comp Discount 0.19
Discount St Dev (1Yr) 1.67
Z-Stat (6mo) 2.73
Z-Stat (1Yr) 3.32
Z-Stat (3Yr) -0.17
Comp Z-Stat (6mo) 1.01
Comp Z-Stat (3Yr) 0.34
Distribution Data
Market Yield 7.76%
Income Yield 7.76%
Lev Adj NAV Yield 3.96%
Av Yield on Debt Investments 13.70
Distribution Frequency Q
Current Distribution $0.290
Current Income $0.290
Ex-Date 5/31/24
Payable Date 6/14/24
Div Growth (3yr) 190.00%
Dividend Change 16.0% on 5/8/24
Expected Div 6/28/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $19
Avg Volume 30 day 1,307
Avg Volume 90 day 1,259
Volume Trend 3.81%
Comp Volume Trend 30.44%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): SSSS 23.0%
Price St Dev (1Yr) 25.1%
NAV St Dev (1Yr) 3.8%
Earnings / Share (3/31/24) $0.325
Adj Core NII Coverage 127.17%
1 Yr Avg NII Coverage 115.33%
1 Yr Avg Adj Core NII Coverage 138.98%
NII Trend 39.50%
Adj Core NII Trend 13.59%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%


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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.

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