Rand Capital Q2 investment income falls on non-accruals
RAND•Outlook
- Rand Capital declares Q3 2026 dividend of $0.29 per share
Result drivers
- Non-accruals - Company said lower investment income was mainly due to certain portfolio companies being placed on non-accrual status, reducing interest income
- Portfolio exit - Company realized a gain from exiting its investment in Applied Image during the quarter
- New investments - Company deployed $6.9 million into two new portfolio companies in Q2
Related reading
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- Aug. 3 - New Mountain Finance Q2 net investment income falls year over year
Quarterly results
- U.S. business development company's fiscal Q2 investment income fell year over year on portfolio non-accruals
- Adjusted net investment income per share declined from the prior year
- Company deployed $6.9 million into two new portfolio investments during the quarter
