Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company providing alternative financing for lower middle market companies, announced that it will release its fourth quarter 2021 financial results before the opening of financial markets on Tuesday, March 8, 2022. The Company will host a conference call and webcast to review its results.

Fourth Quarter 2021 Conference Call

Friday, March 11, 2022

1:30 p.m. Eastern Time

Phone: (201) 689-8263

Webcast: https://ir.randcapital.com/ir-calendar

A telephonic replay will be available from 4:30 p.m. ET on the day of the call through Friday, March 18, 2022. To listen to the archived call, dial (412) 317-6671 and enter replay pin number 13725928. The webcast replay will be available in the investors section at www.randcapital.com, where a transcript will also be posted once available.

ABOUT RAND CAPITAL

Rand Capital (NASDAQ:RAND) is an externally-managed business development company (BDC). 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/.

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Rand Capital Announces Fourth Quarter 2021 Financial Results Conference Call and Webcast