Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Dividends Payable

The Board of Directors declared the following dividends during the year ended December 31, 2024:

 

Quarter

 

Dividend/Share
Amount

 

 

Record Date

 

Payment Date

1st

 

$

0.25

 

 

March 13, 2024

 

March 29, 2024

2nd

 

$

0.29

 

 

May 31, 2024

 

June 14, 2024

3rd

 

$

0.29

 

 

August 30, 2024

 

September 13, 2024

4th

 

$

4.20

 

 

December 16, 2024

 

January 24, 2025

 

On December 5, 2024, Rand's Board of Directors declared a dividend of $4.20 per share. The dividend was paid in the aggregate combination of 20% in cash and 80% in newly issued shares of common stock on January 24, 2025 to shareholders of record as of December 16, 2024.

 

The Board of Directors declared the following dividends during the year ended December 31, 2023:

 

Quarter

 

Dividend/Share
Amount

 

 

Record Date

 

Payment Date

1st

 

$

0.20

 

 

March 13, 2023

 

March 27, 2023

2nd

 

$

0.25

 

 

May 31, 2023

 

June 14, 2023

3rd

 

$

0.25

 

 

August 31, 2023

 

September 14, 2023

4th

 

$

0.25

 

 

December 18, 2023

 

December 29, 2023

4th

 

$

0.38

 

 

December 18, 2023

 

December 29, 2023

 

The Corporation’s Board of Directors declared the following dividends during the year ended December 31, 2024:

 

Quarter

 

Dividend/Share
Amount

 

 

Record Date

 

Payment Date

1st

 

$

0.25

 

 

March 13, 2024

 

March 29, 2024

2nd

 

$

0.29

 

 

May 31, 2024

 

June 14, 2024

3rd

 

$

0.29

 

 

August 30, 2024

 

September 13, 2024

4th

 

$

4.20

 

 

December 16, 2024

 

January 24, 2025

 

Concentrations of Portfolio Company Values Compared to the Fair Value of the Corporation's Total Investment Portfolio

The following are the concentrations of the top five portfolio company values to the fair value of the Corporation’s total investment portfolio:

 

 

December 31, 2024

 

Tilson Technology Management, Inc. (Tilson)

 

 

16

%

Seybert’s Billiards Corporation (Seybert’s)

 

 

11

%

BMP Food Service Supply Holdco, LLC (FSS)

 

 

10

%

Mattison Avenue Holdings LLC (Mattison)

 

 

8

%

Caitec, Inc. (Caitec)

 

 

6

%

 

 

December 31, 2023

 

Tilson

 

 

14

%

FSS

 

 

10

%

Seybert’s

 

 

8

%

SciAps, Inc. (SciAps)

 

 

7

%

Inter-National Electronic Alloys LLC (INEA)

 

 

6

%