<SEC-DOCUMENT>0001493152-21-009494.txt : 20210423
<SEC-HEADER>0001493152-21-009494.hdr.sgml : 20210423
<ACCEPTANCE-DATETIME>20210422191611
ACCESSION NUMBER:		0001493152-21-009494
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210423
DATE AS OF CHANGE:		20210422
EFFECTIVENESS DATE:		20210423

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAND CAPITAL CORP
		CENTRAL INDEX KEY:			0000081955
		IRS NUMBER:				160961359
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17F2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	814-00235
		FILM NUMBER:		21846262

	BUSINESS ADDRESS:	
		STREET 1:		1405 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
		BUSINESS PHONE:		7168530802

	MAIL ADDRESS:	
		STREET 1:		1405 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAND CAPITAL CORP
		CENTRAL INDEX KEY:			0000081955
		IRS NUMBER:				160961359
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17F2

	BUSINESS ADDRESS:	
		STREET 1:		1405 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
		BUSINESS PHONE:		7168530802

	MAIL ADDRESS:	
		STREET 1:		1405 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>form40-17f2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>FORM
N-17f-2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CERTIFICATE
OF ACCOUNTING OF SECURITIES AND SIMILAR INVESTMENTS IN THE CUSTODY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OF
MANAGEMENT INVESTMENT COMPANIES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Rule 17f-2 [17 CRF 270.17f-2]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment
    Company Act File Number:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
        examination completed:</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
        31, 2020</FONT></P></TD>
    </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">814-00235</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">State
    Identification Number:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AK</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AZ</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AR</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CO</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HI</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ID</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">KS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">KY</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ME</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MD</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MI</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MN</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NV</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NH</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NJ</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NM</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NY</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ND</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OH</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OK</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OR</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RI</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SD</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TN</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TX</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WA</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WV</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WI</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WY</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PUERTO
    RICO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    (specify):</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exact
    name of investment company as specified in registration statement:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rand
Capital Corporation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address
    of principal executive office (number, street, city, state, zip code):</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-align: justify; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-align: justify; text-indent: 23pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1405
Rand Building, Buffalo, NY 14203</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-align: justify; text-indent: 23pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INSTRUCTIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Form must be completed by the investment companies that have custody of securities or similar investments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Investment
Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
    items must be completed by the investment company.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Give
                                                         this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law,
                                                         examines securities and similar investments in the custody of the investment company.</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Accountant</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Submit
                                                                     this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the
                                                                     certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with
                                                                     the Securities and Exchange Commission&rsquo;s principal office in Washington, D.C., one copy with the regional office for
                                                                     the region in which the investment company&rsquo;s principal business operations are conducted, and one copy with the
                                                                     appropriate state administrator(s), if applicable.</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; border-bottom: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Management
Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April
22, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Freed
Maxick CPAs, P.C.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">424
Main Street, Suite 800</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buffalo,
NY 14202</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
Whom It May Concern:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We,
as members of management of Rand Capital Corporation (the &ldquo;Corporation&rdquo;), are responsible for complying with the requirements
of subsections (b) and (c) of Rule 17f-2, &ldquo;Custody of Investments by Registered Management Investment Companies,&rdquo;
of the Investment Company Act of 1940 (the &ldquo;Act&rdquo;). We are also responsible for establishing and maintaining effective
internal controls over compliance with those requirements. We have performed an evaluation of the Corporation&rsquo;s compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 as of December 31, 2020 and from October 8, 2020 (the date of our
last examination) through December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on this evaluation, we assert that the Corporation was in compliance with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of December 31, 2020 and from October 8, 2020 through December 31, 2020, with respect
to securities reflected in the investment account of the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rand
    Capital Corporation</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    Allen F. Grum</I></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Allen
    F. Grum</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President
    and Chief Executive Officer</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    Daniel P. Penberthy</I></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Daniel
    P. Penberthy</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive
    Vice President and</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><IMG SRC="form40-17f2_001.jpg" ALT="" STYLE="height: 31.5pt; width: 246pt"></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Report
of Independent Registered Public Accounting Firm</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
the Board of Directors of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rand
Capital Corporation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have examined management&rsquo;s assertion, included in the accompanying Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940, that Rand Capital Corporation (the &ldquo;Corporation&rdquo;) complied with
the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the &ldquo;Act&rdquo;) as
of December 31, 2020. Management is responsible for the Corporation&rsquo;s compliance with those requirements. Our responsibility
is to express an opinion on management&rsquo;s assertion about the Corporation&rsquo;s compliance based on our examination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the examination to obtain reasonable assurance about whether management&rsquo;s assertion
about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing
procedures to obtain evidence about whether management&rsquo;s assertion is fairly stated in all material respects. The nature,
timing, and extent of the procedures selected depend on our judgement, including the assessment of the risks of material misstatement
of management&rsquo;s assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate
to provide a reasonable basis for our opinion. Included among our procedures were the following tests performed as of December
31, 2020, and with respect to agreement of security purchases and sales, for the period from October 8, 2020 (the date of our
last examination), through December 31, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Count
    and inspection of all securities located in the vault of the Corporation in Buffalo, New York; </FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reconciliation
    of all such securities to the books and records of the Corporation;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement
    of any additional investments in portfolio companies from the books and records of the Corporation to the related supporting
    documentation and/or agreements;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.7pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination
on the Corporation&rsquo;s compliance with specified requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
our opinion, management&rsquo;s assertion that the Corporation complied with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of December 31, 2020 with respect to securities reflected in the investment account
of the Corporation is fairly stated, in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
report is intended solely for the information and use of management and the Board of Directors of the Corporation and the Securities
and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</FONT></P>

<P STYLE="text-indent: 20pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="form40-17f2_002.jpg" ALT="" STYLE="height: 37.5pt; width: 255pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buffalo,
New York</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April
22, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>form40-17f2_001.jpg
<TEXT>
begin 644 form40-17f2_001.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  T 9H# 2(  A$! Q$!_\0
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MGC1=0NSHU]H^A:;%YNH:UJ,L4=K:C^$,VXY9C@!1DG->2_\ "Z/%O_/W9?\
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M[&QO(]2L;>[AW&&XC65-RE3M8 C(/0X-5*,H[H2DI;,GHHHJ"@HHHH ****
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M=M>G?LV_'W1_VBOAG9>)=/\ +M]03$&IZ<K9:TN  2OJ48?,K=U([@@><_\
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M2-%=6L:L%:1O*R)1N"G@[MN[.2:=.I3J5:>(;M*_O?Y_YBG3J0ISHI75M/\
M+_(\B_:>\SX>>+/V7/B9<(QTBQTW3K>XD X3R3%,0?K&\A'^X:_1NWN8KRWB
MN()$F@E421R1L&5U(R"".H(KR[Q5\!-(^)WP%TSX=^+D#BWTVU@^TVK?/;7,
M,2J)HF(Z@@]1R"01@D5\Z>&_AC^UC^S]9)X;\&:KX<\?^%;7*6 U1@DL$?\
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0CUJ6BBF 4444@"BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>form40-17f2_002.jpg
<TEXT>
begin 644 form40-17f2_002.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  ^ :D# 2(  A$! Q$!_\0
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M6G? W3?AYX'\6P^"$=?&>KZ?.G_"1:Q<O=WUU=&)A"\]PY+LJL00N=J\X H
MX;X,I=_&SXP:I\2]3F%YX?\ "OVGPUX895Q%<7._;J=]&.Z%U%M&>3LAD/\
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90  ?A3Z* "BBB@ HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
