| Schedule Of Consolidated Changes In Investments At Cost And Realized Gain |
RAND CAPITAL CORPORATION AND SUBSIDIARY
SCHEDULE OF CONSOLIDATED CHANGES IN INVESTMENTS AT
COST AND REALIZED GAIN
For the Year Ended December 31, 2024
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Cost
Increase (Decrease) |
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Realized
Gain (Loss) |
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New investments: |
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|
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Mattison Avenue Holdings LLC |
|
$ |
5,500,000 |
|
|
$ |
— |
|
Mountain Regional Equipment Solutions |
|
|
3,204,545 |
|
|
|
— |
|
Mobile RN Holdings LLC |
|
|
2,875,000 |
|
|
|
— |
|
Seybert’s Billiards Corporation |
|
|
1,800,000 |
|
|
|
— |
|
ITA Acquisition, LLC |
|
|
458,333 |
|
|
|
— |
|
BMP Food Service Supply Holdco, LLC |
|
|
107,619 |
|
|
|
— |
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Total of new investments |
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|
13,945,497 |
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|
|
— |
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Other changes to investments: |
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Caitec, Inc. interest conversion |
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|
590,424 |
|
|
|
— |
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ITA Acquisition, LLC interest conversion |
|
|
457,837 |
|
|
|
— |
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Filterworks Acquisition USA, LLC interest conversion |
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|
253,952 |
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|
|
— |
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BMP Food Service Supply Holdco, LLC interest conversion |
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|
177,911 |
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|
|
— |
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Seybert’s Billiards Corporation OID amortization and interest conversion |
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|
128,257 |
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|
|
— |
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Highland All About People Holdings, Inc. interest conversion |
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|
125,904 |
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|
|
— |
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Mattison Avenue Holdings, LLC interest conversion |
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|
72,902 |
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|
|
— |
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Pressure Pro, Inc. OID amortization and interest conversion |
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|
66,721 |
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|
|
— |
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FCM Industries Holdco LLC interest conversion |
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|
46,681 |
|
|
|
— |
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Inter-National Electronic Alloys LLC interest conversion |
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|
33,995 |
|
|
|
— |
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HDI Acquisition LLC interest conversion |
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|
21,519 |
|
|
|
— |
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GoNoodle, Inc. interest conversion |
|
|
14,314 |
|
|
|
— |
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Mountain Regional Equipment Solutions OID amortization |
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|
12,000 |
|
|
|
— |
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Mobile RN Holdings LLC interest conversion |
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|
6,319 |
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|
|
— |
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Total of other changes to investments |
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|
2,008,736 |
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|
— |
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Investments repaid, sold or liquidated: |
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Tilson Technology Management, Inc. asset sale |
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— |
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|
397,264 |
|
DSD Operating, LLC escrow receipt |
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|
— |
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|
23,699 |
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BMP Food Service Supply Holdco, LLC debt repayment |
|
|
(34,838 |
) |
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|
— |
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ACV Auctions, Inc. stock sold |
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|
(53,094 |
) |
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|
3,450,092 |
|
Filterworks Acquisition USA, LLC debt repayment |
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|
(206,250 |
) |
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|
— |
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Ares Capital Corporation stock sold |
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(267,140 |
) |
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|
176,794 |
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Barings BDC, Inc. stock sold |
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(333,352 |
) |
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|
59,282 |
|
Mezmeriz, Inc. liquidated |
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(742,850 |
) |
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|
(742,850 |
) |
FS KKR Capital Corp. stock sold |
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(755,058 |
) |
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190,072 |
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PennantPark Investment Corporation stock sold |
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(892,212 |
) |
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|
484,834 |
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Carlyle Secured Lending Inc. stock sold |
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|
(899,749 |
) |
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|
598,371 |
|
Knoa Software, Inc. liquidated |
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|
(1,229,155 |
) |
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|
(1,229,155 |
) |
Pressure Pro, Inc. debt repayment |
|
|
(1,427,452 |
) |
|
|
— |
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Mattison Avenue Holdings LLC loan repayment |
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|
(1,894,470 |
) |
|
|
— |
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Nailbiter, Inc. debt repayment |
|
|
(2,250,000 |
) |
|
|
— |
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SciAps, Inc. debt repayment and equity sale |
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|
(5,213,984 |
) |
|
|
7,716,461 |
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Total of investments repaid, sold, liquidated or converted |
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(16,199,604 |
) |
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|
11,124,864 |
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Net change in investments, at cost and total realized gain |
|
$ |
(245,371 |
) |
|
$ |
11,124,864 |
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