Royce Global Trust, Inc. reports developments as a NYSE-listed diversified closed-end management investment company focused on U.S. and non-U.S. common stocks. Company news centers on common stock distributions, estimated distribution sources such as net investment income, realized gains and return of capital, and reinvestment or cash election mechanics.
Other updates have covered non-fundamental investment policy changes, tender offer results, stockholder approval of advisory agreements with Royce Investment Partners, and related closed-end fund governance actions.
Summary not available.
Royce Global Value Trust (NYSE: RGT) has postponed its Special Meeting of Stockholders, originally set for July 29, 2020, to August 27, 2020, to gather more votes. The meeting will address a new investment advisory agreement with Royce Investment Partners, which is backed by leading proxy advisory firms recommending a vote 'FOR' it. This change coincides with Franklin Resources' acquisition of Legg Mason, requiring an interim advisory agreement to be enacted. Stockholders can participate virtually and are encouraged to vote by proxy ahead of the meeting.
Summary not available.