Public, exchange-traded

RAND — Rand Capital Corporation

Rand Capital Corporation is a business development company managed by East Asset Management. Strategy: middle-market lower with sba.

What SpreadVista tracks for RAND

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from RAND's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and RAND reports one on 23.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Reported NAV per share. RAND's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.
•Non-accrual positions. The RAND positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on RAND's non-accruals, not a complete list.
•Top issuers by fair value. RAND's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as RAND — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for RAND

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for RAND or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•Spread over reference rate. 0% of RAND's served positions carry a tagged spread over a reference rate — under the 5% floor, so it isn't placed on the cross-BDC spread surface. Its marks, issuers, and cross-vehicle overlaps are unaffected.

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Free to research. Every RAND position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

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About RAND

Ticker: RAND
Legal name: Rand Capital Corporation
Manager / Advisor: East Asset Management
Category: Public, exchange-traded
Strategy: Middle-market lower with SBA
Fiscal year end: 12-31

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for RAND

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from RAND's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and RAND reports one on 23.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Reported NAV per share. RAND's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.

•Non-accrual positions. The RAND positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on RAND's non-accruals, not a complete list.

•Top issuers by fair value. RAND's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as RAND — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for RAND

•Spread over reference rate. 0% of RAND's served positions carry a tagged spread over a reference rate — under the 5% floor, so it isn't placed on the cross-BDC spread surface. Its marks, issuers, and cross-vehicle overlaps are unaffected.