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

Stockholders' Equity (Net Assets)

v3.25.4
Stockholders' Equity (Net Assets)
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity (Net Assets)

NOTE 6. - STOCKHOLDERS’ EQUITY (NET ASSETS)

At December 31, 2025 and 2024, there were 500,000 shares of $10.00 par value preferred stock authorized and unissued.

On April 23, 2025, the Board of Directors approved a new share repurchase plan, which authorizes the Corporation to repurchase shares of the Corporation’s outstanding common stock with an aggregate cost of up to $1,500,000 at prices per share of common stock no greater than the then current net asset value per share. This new share repurchase authorization lasts for a period of 12 months from the authorization date until April 23, 2026. This new share repurchase plan replaces the share repurchase authorization that was previously approved by the Board of Directors in April 2024. No shares of Rand’s common stock were repurchased by the Corporation during the years ended December 31, 2025 or 2024.

The Corporation’s Board of Directors declared the following dividends during the year ended December 31, 2025:

 

Quarter

 

Dividend/Share
Amount

 

 

Record Date

 

Payment Date

 

Type

1st

 

$

0.29

 

 

March 14, 2025

 

March 28, 2025

 

Quarterly

2nd

 

$

0.29

 

 

May 30, 2025

 

June 13, 2025

 

Quarterly

3rd

 

$

0.29

 

 

August 29, 2025

 

September 12, 2025

 

Quarterly

4th

 

$

0.29

 

 

December 16, 2025

 

December 30, 2025

 

Quarterly

4th

 

$

0.56

 

 

December 16, 2025

 

December 30, 2025

 

Special

 

A summary of changes in equity accounts is shown in the following table.

 

Common Stock

 

 

Capital in excess of par value

 

 

Stock dividends distributable

 

 

Treasury Stock, at cost

 

 

Total distributable earnings (losses)

 

 

Total Stockholders’
Equity (Net Assets)

 

January 1, 2024

 

$

264,892

 

 

$

55,801,170

 

 

$

—

 

 

$

(1,566,605

)

 

$

6,315,756

 

 

$

60,815,213

 

Dividend declaration

 

 

—

 

 

 

—

 

 

 

8,672,231

 

 

 

—

 

 

 

(12,982,536

)

 

 

(4,310,305

)

Tax reclassification of stockholders’ equity

 

 

—

 

 

 

(381,550

)

 

 

—

 

 

 

—

 

 

 

381,550

 

 

 

—

 

Net increase in net assets from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8,827,612

 

 

 

8,827,612

 

December 31, 2024

 

$

264,892

 

 

$

55,419,620

 

 

$

8,672,231

 

 

$

(1,566,605

)

 

$

2,542,382

 

 

$

65,332,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2025

 

$

264,892

 

 

$

55,419,620

 

 

$

8,672,231

 

 

$

(1,566,605

)

 

$

2,542,382

 

 

$

65,332,520

 

Dividend declaration

 

 

38,879

 

 

 

8,631,884

 

 

 

(8,672,231

)

 

 

—

 

 

 

(5,107,979

)

 

 

(5,109,447

)

Tax reclassification of stockholders’ equity

 

 

—

 

 

 

11,653

 

 

 

—

 

 

 

—

 

 

 

(11,653

)

 

 

—

 

Net decrease in net assets from operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(8,039,620

)

 

 

(8,039,620

)

December 31, 2025

 

$

303,771

 

 

$

64,063,157

 

 

$

—

 

 

$

(1,566,605

)

 

$

(10,616,870

)

 

$

52,183,453