Welcome to our dedicated page for Royce Global Trust news (Ticker: RGT), a resource for investors and traders seeking the latest updates and insights on Royce Global Trust stock.
Royce Global Trust, Inc. (RGT) provides investors with specialized exposure to global small- and mid-cap equities through its diversified closed-end fund structure. This page serves as the definitive source for official announcements, financial updates, and strategic developments from the company and its management team at Royce & Associates.
Access real-time updates on portfolio adjustments, sector allocations, and risk management strategies across key industries including technology, health care, and consumer sectors. Investors will find essential information on international market positions, regulatory filings, and corporate governance updates.
Key content includes earnings reports, capital allocation decisions, and analysis of the fund's performance in volatile markets. All materials maintain strict compliance with financial disclosure standards, presented in clear language accessible to both professional and individual investors.
Bookmark this page for streamlined access to verified RGT developments. Combine these updates with the fund's published investment philosophy for informed decision-making regarding small-cap focused portfolio strategies.
Royce Global Value Trust (NYSE: RGT) has announced a modification to its investment policy, reducing its requirement to invest at least 65% of net assets in non-U.S. equity securities to 40%. This change, effective around May 1, 2021, aims to enhance flexibility for Royce Investment Partners, allowing for a more balanced allocation between U.S. and non-U.S. companies, better aligning with its benchmark index. The adjustment also aligns the Fund's policies with those of other registered funds with global mandates.
The Royce Funds announced that their Boards of Directors have adopted resolutions to subject the Funds to the Maryland Control Share Acquisition Act (MCSAA), effective immediately. This move protects stockholders by limiting voting rights for holders of 'control shares' unless approved by a two-thirds majority. The MCSAA provides a framework for stockholders to approve or deny voting rights for acquisitions surpassing specific thresholds. Acquisitions prior to January 25, 2021, are excluded from this definition.
Royce Global Value Trust, Inc. (NYSE: RGT) announced the final results of its tender offer to purchase up to 50% of its outstanding shares. The tender offer expired on December 21, 2020, with a total of 6,240,642 shares tendered. The Fund will purchase 5,251,735 shares on a pro-rata basis, with a pro-ration factor of 84.16%. The purchase price per share is $14.43, equal to the Fund's net asset value on December 22, 2020. After the completion of the tender offer, the Fund will have approximately 5,251,735 shares outstanding.
Royce Global Value Trust (NYSE: RGT) announced preliminary results of its tender offer for up to 50% of its shares as of October 12, 2020. The tender offer expired on December 21, 2020, with approximately 6,240,642 shares tendered, surpassing the 5,251,735 shares available for purchase. Shares will be bought on a pro-rata basis. The final purchase price will align with the Fund's net asset value per share as of December 22, 2020, with final results expected around December 23, 2020.
On December 17, 2020, Royce Global Value Trust (NYSE: RGT) announced that stockholders approved a new investment advisory agreement with Royce Investment Partners. The agreement took effect immediately, maintaining the existing investment advisory fee rate. There will be no changes to the Fund's portfolio management team, investment objective, or strategies. Royce Global Value Trust is a closed-end management investment company, focusing on U.S. and non-U.S. common stocks with market caps up to $10 billion.
Royce Global Value Trust, Inc. (NYSE-RGT) has declared a year-end distribution of $1.19 per share on its Common Stock, payable on December 31, 2020. Stockholders of record at the close of business on December 18, 2020, will receive this distribution, which can be paid in cash or reinvested in additional shares. The fund's distribution sources include $1.19 from long-term gains, with no net investment income or short-term gains reported. Actual tax reporting amounts may vary based on future investment performance.
Royce Global Value Trust, Inc. (NYSE: RGT) filed an amended Schedule TO-I with the SEC, adjusting its conditional cash tender offer. Key changes include increasing the maximum repurchase of common stock from 40% to 50% and extending the expiration date from December 16, 2020, to December 21, 2020. The offer's approval is contingent upon stockholder consent for a new investment advisory agreement with Royce Investment Partners, set for discussion at a virtual meeting on December 17, 2020.
Royce Global Value Trust (NYSE-RGT) has announced December 18, 2020 as the record date for its fourth quarter Common Stock distribution. Stockholders can choose to receive the distribution in either additional shares of Common Stock or cash. The payout will occur on December 31, 2020, with an ex-dividend date of December 17, 2020. Further details regarding the distribution amount will be released in a subsequent press release. Royce Global Value Trust is a diversified closed-end management investment company focusing on U.S. and non-U.S. common stocks.
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