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.
Saba Capital Management has announced an agreement with Royce Global Value Trust (NYSE: RGT) to amend its tender offer. This revised offer aims to purchase up to 50% of the Fund's outstanding shares at a price equal to 100% of the net asset value per share, expiring at 11:59 p.m. NYC time on December 21, 2020. Investors whose shares are accepted will receive cash in exchange. This strategic move is part of Saba's management approach, focusing on enhancing shareholder value.
On December 7, 2020, Royce Global Value Trust (NYSE: RGT) announced amended terms for its conditional cash tender offer to purchase up to 50% of its shares, priced at 100% of the net asset value as of the close of trading the day after the offer's expiration on December 21, 2020. The deal hinges on stockholder approval for a new investment advisory agreement with Royce Investment Partners, scheduled for a virtual meeting on December 17, 2020. Saba Capital Management has agreed to vote in favor of this agreement, influencing stockholder decisions.
Royce Global Value Trust, Inc. (NYSE: RGT) announced the postponement of its Special Meeting of Stockholders to December 17, 2020, due to the need for additional stockholder votes. The meeting will address a new investment advisory agreement with Royce Investment Partners, requiring a majority vote for approval. As of November 30, 2020, 64% of votes support the agreement. The meeting will be virtual, with participation details provided to stockholders. Proxy advisory firms ISS and Glass Lewis recommend voting 'FOR' the proposal.
Royce Global Value Trust (NYSE: RGT) announced a conditional cash tender offer to purchase up to 40% of its outstanding shares at their net asset value (NAV) as of the close of trading on the day following the offer's expiration on December 16, 2020. This offer is contingent upon stockholder approval of a new investment advisory agreement with Royce Investment Partners. Additionally, the Special Meeting of Stockholders has been postponed to December 1, 2020. Proxy advisory firms have recommended that stockholders vote in favor of the agreement to ensure the Fund's management continuity.
Royce Global Value Trust (NYSE: RGT) announced a conditional cash tender offer to repurchase up to 40% of its outstanding shares at the net asset value per share, contingent upon stockholder approval of a new advisory agreement with Royce Investment Partners. A Special Meeting for stockholders is scheduled for October 30, 2020. If more shares are tendered than the limit, purchases will be made on a pro rata basis. This announcement is not a solicitation to sell shares and does not guarantee the repurchase will resolve any market price discount.
Royce Global Value Trust (NYSE: RGT) announced the postponement of its Special Meeting of Stockholders, originally set for October 8, 2020, now rescheduled for October 30, 2020, at 1:00 p.m. Eastern Time. This decision aims to solicit additional stockholder votes amidst the ongoing COVID-19 pandemic, with the meeting to be held virtually. The record date remains September 8, 2020, and previously submitted proxies can still be revoked. The meeting will address the approval of a new investment advisory agreement with Royce Investment Partners, which the Board recommends stockholders support.
Royce Global Value Trust, Inc. (NYSE: RGT) has postponed its Special Meeting of Stockholders to October 8, 2020, at 1:00 p.m. Eastern Time, to gather more votes. The new record date for eligible stockholders is now September 8, 2020. The meeting will be held virtually to ensure safety due to COVID-19. The primary agenda is to approve a new investment advisory agreement with Royce Investment Partners. The Board recommends voting FOR this proposal, which is supported by major proxy advisory firms. Stockholders are encouraged to participate and vote using the provided proxy materials.
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