STOCK TITAN

Rand Capital Changes Venue for Special Meeting of Shareholders to Virtual Only Participation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Rand Capital Corporation (Nasdaq: RAND) announced a shift to a virtual-only Special Meeting of Shareholders on December 16, 2020, due to COVID-19. Shareholders as of November 9, 2020, are invited to attend the meeting virtually via a provided link. Participation requires prior registration, and shareholders are urged to vote and submit proxies ahead of the meeting. Rand Capital is a Business Development Company focusing on investments in lower middle market companies, aiming for capital appreciation and income growth.

Positive
  • Rand Capital shifts to virtual meeting ensuring shareholder safety during the pandemic.
  • The company maintains a focus on investing in lower middle market companies, which may present growth opportunities.
Negative
  • None.

BUFFALO, N.Y.--()--Rand Capital Corporation (Nasdaq: RAND) (“Rand” or “Rand Capital” or the “Company”), a business development company, today announced that due to the ongoing impact of the COVID-19 virus, it is converting its Special Meeting of Shareholders to be held on Wednesday, December 16, 2020, at 10:00 a.m. Eastern Time to virtual only participation.

Shareholders as of the close of business on November 9, 2020, which is the record date for the Special Meeting, can attend the meeting virtually via www.virtualshareholdermeeting.com/RAND2020SM. Shareholders are encouraged to go to the website link and register ahead of the Special Meeting. Whether or not a shareholder plans to attend the Special Meeting by virtual means, Rand urges its shareholders to vote and submit their proxy in advance of the Special Meeting by one of the methods described in the proxy statement.

ABOUT RAND CAPITAL

Rand Capital (Nasdaq: RAND) is an externally-managed Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC). The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries. Rand invests in early to later stage businesses that have sustainable, differentiated and market-proven products, revenue of more than $2 million and a path to free cash flow or up to $5 million in EBITDA. The Company’s investment activities are managed by its external investment adviser, Rand Capital Management LLC. Additional information can be found at the Company’s website where it regularly posts information: https://www.randcapital.com/.

Contacts

Company:
Allen F. ("Pete") Grum
President and CEO
Phone: 716.853.0802
Email: pgrum@randcapital.com

Investors:
Deborah K. Pawlowski
Kei Advisors LLC
Phone: 716.843.3908 / 716.843.3942
Email: dpawlowski@keiadvisors.com

FAQ

Why is Rand Capital's Special Meeting of Shareholders being held virtually?

The Special Meeting is virtual due to the ongoing impact of the COVID-19 virus.

When is Rand Capital's Special Meeting of Shareholders scheduled?

The Special Meeting is scheduled for December 16, 2020, at 10:00 a.m. Eastern Time.

Who can attend Rand Capital's Special Meeting?

Shareholders as of the close of business on November 9, 2020, can attend the meeting virtually.

What is Rand Capital's investment focus?

Rand Capital focuses on making debt and equity investments in privately-held, lower middle market companies.

How can shareholders participate in Rand Capital's Special Meeting?

Shareholders can participate by registering at the provided virtual meeting link prior to the meeting.

Rand Capital Corp

NASDAQ:RAND

RAND Rankings

RAND Latest News

RAND Stock Data

42.68M
2.58M
76.03%
3.15%
0.09%
Asset Management
Financial Services
Link
United States of America
BUFFALO