Rand Capital Corporation

Climate Impact & Sustainability Data (2009, 2022)

Continued economic crisis and related turmoil in the global financial markets impacting portfolio companies and overall financial condition.
Illiquidity of most portfolio investments affecting ability to dispose of securities at advantageous times.
High degree of risk in investing in small and medium-sized private companies, with potential for complete loss or unprofitability.
Competition from other SBICs, venture capital funds, and other investors.
Regulatory environment changes affecting business operations.

Private offering of common stock to increase liquidity.
Careful selection, structuring, monitoring, and valuation of investments by key management personnel.
Seeking investment opportunities on favorable terms due to unfavorable credit market conditions.

The COVID-19 pandemic has negatively affected, and may continue to negatively affect, the operating results, financial conditions or liquidity of our portfolio companies, which may negatively affect our operating results.
Our business and the businesses of our portfolio companies are facing increasing public scrutiny related to environmental, social and governance (“ESG”) activities.

We have attempted to mitigate these cybersecurity risks by employing a number of processes, procedures and internal controls within our organization and RCM, but we remain potentially vulnerable to additional known and unknown threats.