Rand Capital Corporation reported second quarter fiscal year 2026 results, announcing a Net Asset Value (NAV) per share of $17.33 at June 30, 2026. Total investment income decreased to $1.4 million from $1.6 million in the prior-year period due to non-accruals, while net investment income fell to $0.24 per share compared to $0.83 per share previously. The company deployed $6.9 million into two new portfolio investments and realized a gain of $959,000 from the exit of Applied Image. Rand declared a regular quarterly cash dividend of $0.29 per share for the third quarter 2026, payable on or about September 9, 2026, to shareholders of record as of August 26, 2026. The company operates in the business development sector, providing alternative financing and debt-related equity investments to lower middle market companies.