Rand Capital Q2 investment income falls 13% to $1.4 million; NAV per share $17.33
Rand Capital reported second-quarter 2026 results, with total investment income down 13% year over year to $1.4 million, mainly because certain investments were placed on non-accrual status. Net investment income fell to $710,000, or $0.24 per share, from $2.5 million, or $0.83 per share, a year earlier, though the company posted a net increase in net assets from operations of $1.4 million versus a $7.7 million decrease in the prior-year period, and it declared a $0.29 per share dividend for the third quarter.
Key points
- Total investment income was $1.4 million versus $1.6 million a year earlier; net investment income was $710,000, or $0.24 per share.
- Net asset value per share was $17.33 at June 30, 2026, down from $17.57 at December 31, 2025.
- BMP Swanson Holdco ceased operations, and Rand wrote its debt and equity positions down to zero, a $2.5 million reduction in fair value.
- Cash was $430,000 at quarter end, and $5.1 million was outstanding on the line of credit; a $0.29 dividend is payable September 9, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.