(inthousands,exceptpersharedata)•Drivenbya47in thousands, except per share data) • Driven by a 47% increase in interest from portfolio companies 10 Total investment income grew 27% © 2023 Rand Capital Corporation Nasdaq: RAND Net assets at 12/31/2022 Net investment income Net realized gain on sales and dispositions Net change in unrealized Cash dividend Net assets at 12/31/2023inthousands,exceptpersharedata)•Drivenbya4757,721 2,9682,968 2,968691 2,868(2,868 (2,868(3,433) 60,815ofinvestmentsappreciationoninvestments60,815 of investments appreciation on investments 60,815ofinvestmentsappreciationoninvestments57,721,320 $60,815,213 STRONG AND FLEXIBLE BALANCE SHEET 13 2024 OBJECTIVES • Levera ...