Rand Capital Q2 2024 Earnings Results

Rand Capital Corporation reported strong Q2 2024 financial results with 18% growth in interest income, reaching $2.1 million in total investment income. Net asset value per share increased 11% sequentially to $26.56, while portfolio fair value grew 13% year-over-year to $87.1 million. The company deployed capital to reduce debt and anticipates capital inflow from the expected 2024 acquisition of portfolio company SciAps.