NASDAQ, RAND - Rand Capital Corp
Rand Capital Corporation (?Rand? or ?Corporation?) was incorporated under the
law of New York on February 24, 1969. Beginning in 1971, Rand operated as a
publicly traded, closed-end, diversified management company that was registered
under Section 8(b) of the Investment Company Act of 1940 (the ?1940 Act?). On
August 16, 2001, Rand filed an election to be treated as a business development
company (?BDC?) under the 1940 Act, which became effective on the date of
filing. On January 16, 2002, Rand formed a wholly-owned subsidiary, Rand Capital
SBIC, L.P., (?Rand SBIC?) for the purpose of operating it as a small business
investment company. At the same time, Rand organized another wholly owned
subsidiary, Rand Capital Management, LLC (?Rand Management?), as a Delaware
limited liability company, to act as the general partner of Rand SBIC. ...
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