Rand Capital Announces Virtual Participation and Location Change for Annual Meeting of Shareholders
April 02 2020 - 9:00AM
Business Wire
Rand Capital Corporation (Nasdaq: RAND) (“Rand” or “Rand
Capital” or the “Company”), a business development company, today
announced virtual participation and a change in the location for
its Annual Meeting of Shareholders to be held on Wednesday, April
22, 2020 at 10:30 a.m. Eastern Time. Due to the rapidly evolving
public health concerns relating to the coronavirus, or COVID-19,
the site at which the Company was hosting its Annual Meeting was
closed until further notice. As a result, Rand Capital has arranged
for virtual participation at its 2020 Annual Meeting of
Shareholders and moved the physical location of the Annual Meeting
to the Offices of Hodgson Russ LLP, 140 Pearl Street, Suite 100,
Buffalo, NY 14202.
Shareholders as of the close of business on March 6, 2020, which
is the record date for the Annual Meeting, are strongly discouraged
from attending the meeting in person and can attend the meeting
virtually via http://www.viewproxy.com/rand/2020. Further
information regarding the change of location of the Annual Meeting
can be found in the Notice of Change of Location of Annual Meeting
of Shareholders filed by Rand Capital with the Securities and
Exchange Commission on April 2, 2020.
Given the fluid nature of the situation regarding the COVID-19
virus, the Annual Meeting may be converted to a virtual-only
meeting at a future date, if permitted by applicable law, or the
Company may impose additional procedures or limitations on meeting
attendees. If Rand Capital decides to further modify the structure
of its Annual Meeting, the Company will announce the decision to do
so in advance by press release which will also be filed with the
Securities and Exchange Commission and made available at
https://ir.randcapital.com.
ABOUT RAND CAPITAL
Rand Capital (Nasdaq: RAND) is an externally-managed Business
Development Company (BDC) with a wholly-owned subsidiary licensed
by the U.S. Small Business Administration (SBA) as a Small Business
Investment Company (SBIC). The Company’s investment objective is to
maximize total return to its shareholders with current income and
capital appreciation by focusing its debt and related equity
investments in privately-held, lower middle market companies with
committed and experienced managements in a broad variety of
industries. Rand invests in early to later stage businesses that
have sustainable, differentiated and market-proven products,
revenue of more than $2 million and a path to free cash flow or up
to $5 million in EBITDA. The Company’s investment activities are
managed by its external investment adviser, Rand Capital Management
LLC. Additional information can be found at the Company’s website
where it regularly posts information:
https://www.randcapital.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200402005208/en/
Company: Allen F. ("Pete")
Grum Phone: 716.853.0802 Email: pgrum@randcapital.com
Investors: Deborah K.
Pawlowski / Karen L. Howard Kei Advisors LLC Phone: 716.843.3908 /
716.843.3942 Email: dpawlowski@keiadvisors.com /
khoward@keiadvisors.com
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