Rand Capital Corp (RAND) Reports Q1 EPS of $0.07

Rand Capital Corp (NASDAQ: RAND) reported Q1 EPS of $0.07, versus ($0.08) reported last year.

• eHealth Global Technologies, Inc. repaid $3.5 million loan
• Invested $650,012 in two follow-on transactions during the first quarter
• Net Asset Value per share grew to $5.06 at March 31, 2019, up $0.07 in the first quarter driven by net investment appreciation
• Shareholder meeting scheduled for proposed transformational investment of $25 million by East Asset Management; Rand Board of Directors unanimously recommends shareholders vote for proposed transactions

Allen F. (“Pete”) Grum, President and Chief Executive Officer of Rand Capital, commented, “We filed the definitive proxy statement and associated materials with the Securities and Exchange Commission that provides significant detail regarding the planned transformation of Rand Capital made possible by the proposed $25 million investment by East Asset Management. The proxy statement details the thorough process followed by our Board of Directors to advance this opportunity to drive future value for our shareholders.”

For earnings history and earnings-related data on Rand Capital Corp (RAND) click here.

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