• Rand Capital reported net investment income of $545,000, or $0.18 per share, down from $1.2 million, or $0.42 per share, a year earlier.
• Total investment income fell 38% to $1.2 million, while total expenses dropped 19% to $642,000.
• Net assets from operations turned to a loss of $367,469, or $0.12 per share, reflecting a net realized gain of $1.08 million offset by net unrealized depreciation of $1.99 million.
• Portfolio fair value rose to $51.5 million from $48.5 million at year-end, while annualized weighted average yield on debt investments declined to 9.43% from 11.3%.
• Quarter included a new AME Holdco investment with a $3 million term loan at 13% plus $1 million equity; CEO Daniel P. Penberthy said results reflected a transition period as Rand pushed for new origination and began deploying capital into new and existing investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rand Capital Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260506332085) on May 06, 2026, and is solely responsible for the information contained therein.