Rand Capital Corporation (RAND) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.218 Ladies and gentlemen, greetings and welcome to the Rand Capital Corporation 00:00:05.218 -- 00:00:08.179 First Quarter FY2026 00:00:08.402 -- 00:00:13.449 Financial Results Conference Call. At this time, all participants are in the 00:00:13.449 -- 00:00:18.756 listen-only mode. If anyone requires operator assistance during the conference 00:00:18.756 -- 00:00:23.803 call, please signal the operator by pressing star and zero on your telephone 00:00:23.803 -- 00:00:29.123 keypad. As a reminder, this conference is being recorded. 00:00:29.123 -- 00:00:33.268 It is now my pleasure to introduce your host for today, Mr. 00:00:33.268 -- 00:00:35.151 Craig Maholick. 00:00:35.151 -- 00:00:37.591 Please go ahead. 00:00:37.654 -- 00:00:41.679 Thank you, and good afternoon, everyone. We appreciate your interest in RAND Capital 00:00:41.679 -- 00:00:46.284 for joining us today for our first quarter, 2026 Financial Results Conference Call. 00:00:46.284 -- 00:00:50.289 On the line with me are Dan Pemberthy, our President and Chief Executive Officer, and 00:00:50.289 -- 00:00:54.234 Margaret Brechtel, our Executive Vice President and Chief Financial Officer. 00:00:54.234 -- 00:00:59.549 A copy of the release and slides that accompany our conversation is available at randcapital.com. 00:00:59.549 -- 00:01:02.592 If you're following along on the slide deck, please turn to slide two, where I'd like 00:01:02.592 -- 00:01:05.015 to point out some important information. 00:01:05.015 -- 00:01:09.420 As you are likely aware, we may make forward-looking statements during this presentation. 00:01:09.420 -- 00:01:12.763 These statements apply to future events that are subject to risks and uncertainties, 00:01:12.763 -- 00:01:16.167 as well as other factors t...