Rand Capital(RAND) - 2024 Q2 - Quarterly Results

Exhibit 99.1 NEWS RELEASE 14 Lafayette Square, Suite 1405 ● Buffalo, New York 14203 FOR IMMEDIATE RELEASE Rand Capital Reports 18% Increase in Total Investment Income for Second Quarter 2024 ● Total investment income increased 18% to $2.1 million for the quarter compared with the second quarter last year driven by strong growth in interest income from an expanded portfolio of debt investments ● Net asset value per share ("NAV") was $26.56 at June 30, 2024, up 11% from March 31, 2024 and up 13% from year-end ...