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Last CloseIndustrySector 3.27 USDConglomeratesIndustrials Rand Capital Corporation RAND (NAS) Morningstar Equity Research

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Content	Last CloseIndustrySector 3.27 USDConglomeratesIndustrials Rand Capital Corporation RAND (NAS) Morningstar Equity Research ©2009 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. Pricing data through 01 Feb 2012Rand Capital Corporation is a financial corporation that makes venture capital investments in small to medium sized companies. The corporation targets companies with new or unique products or services that have a sustainable competitive advantage. Investments are a mix of debenture and equity. The corporation prefers to be a minority investor and has a hard cap of $5 million on individual investments. It most instances, the corporation will not invest more than $1 million in a single company. Profile Contents Profile Contents In addition to this comprehensive company profile, Morningstar offers in-depth analyst research and ratings on selected companies. For information about our full analyst coverage, please contact: Morningstar Equity Research +1 (312) 696-6869 nasdaqrequest@morningstar.com Company Profile Company Data Management & Ownership Industry Focus 1 2 3 4 Page 1 of 6
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