Risk factors
RAND Capital (RAND) risk factors
Item 1A of every RAND Capital Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors47 risks9 new6 dropped13 reworded
Rand Capital added risks detailing its adoption of 150% asset coverage leverage under the SBCAA. The company highlighted potential impacts from changing U.S. political and regulatory policies under the Trump administration.
Filed Mar 05, 2026 - FY2024 10-K risk factors44 risks
External management dependence on RCM dominates risks as Rand operates with zero employees after the transaction. Portfolio concentration in illiquid, small private company debt and equity creates high default and valuation risks. Significant leverage and a major shareholder, East owning 64%, amplify potential losses and constrain governance.
Filed Mar 10, 2025