Dan Penberthy

“This past year was marked by significant progress in our strategy. We delivered strong results, enhanced our portfolio composition, strengthened our balance sheet and increased returns to shareholders.”

“There was a recurring theme as our results once again reflected the strength and execution of our strategy as we continued to deploy capital, largely centered on high-quality debt investments.”

“Our second quarter results reflected the strength and execution of our strategy with continued earnings momentum, driven by the addition of debt investments originated during the quarter and a recognized sizable gain from the exit of our debt and equity investments in DSD or Dealer Solutions and Designs.”

“We kicked off the year with a strong first quarter demonstrated by continued earnings momentum driven by the improvement of our portfolio composition as well as the overall favorable performance of portfolio companies amidst a challenging economic climate.”

“The fourth quarter capped off a strong year for Rand as we continue to execute our strategy by focusing on current cash yields in order to achieve our income producing goals.”