Rand Capital RAND (www.randcapital.com ) announced that through September 24, 2012
the Corporation has repurchased 75,742 of its securities on the open
market at an average price of $2.56 per share.
Allen F. Grum, Rand's President, had previously stated, "At present
our shares continue to trade at a substantial discount to our NAV and
we continue to evaluate our stock repurchase program; this program
allows Rand to repurchase up to 340,047 shares through October 28th,,
2012." He continued, "When the underlying value of Rand's investments
is greater than the market price of the stock, repurchases will
enhance the per share value of Rand shares."
The Corporation also announced that during the second quarter it has
sold 50,000 shares of Synacor (www.synacor.com ). These shares had a
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