Who We Are
- Harris & Harris Group, Inc. is a publicly held venture capital company (NASDAQ symbol: TINY). The Company operates as a Business Development Company ("BDC") under the Investment Company Act of 1940.
- For the last three years, it has qualified as a Regulated Investment Company ("RIC") under Sub-Chapter M of the Internal Revenue Code. As a result, its cash dividends have largely been taxed as capital gains rather than ordinary income. In addition, in 2000 and 2001, it was able to declare a deemed dividend, which provides certain tax benefits to shareholders.
- Harris & Harris Group has chosen to operate in a BDC structure primarily because it is the regulatory framework for publicly held companies specifically created to facilitate making venture capital investments in early stage companies commercializing proprietary intellectual property. This structure also permits the Company to manage its business in a more tax-advantaged manner for its shareholders than is possible in the more common, less heavily regulated, operating company structure in which most publicly held companies are organized.
- Since August of 2001, Harris & Harris Group has made all of its initial investments in tiny technology. Tiny technology includes nanotechnology, microsystems and microelectromechanical systems (MEMS).
|
