Royce Micro-Cap Trust, Inc. reports recurring closed-end fund distribution updates for its NYSE-listed common stock. The Fund is a diversified management investment company with a long-term capital growth objective and a policy of investing at least 80% of net assets in equity securities of micro-cap companies.
Company news commonly covers quarterly common stock distributions, optional payment in additional shares or cash by stockholder election, NAV-based distribution policy details, estimated distribution sources, realized gain and return-of-capital classifications, and fund performance and distribution-rate information.
Summary not available.
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.
Summary not available.
Summary not available.
On December 1, 2020, Royce Micro-Cap Trust (NYSE: RMT) announced a quarterly distribution of $0.15 per share on its Common Stock, payable on December 24, 2020. Shareholders on record by December 11, 2020, will receive this amount, with an ex-dividend date of December 10, 2020. The Fund follows a 7% annual distribution policy based on the average net asset values, subject to Board discretion. Notably, the Fund has distributed more than its income and net realized gains, indicating that part of the distribution may be a return of capital.
Summary not available.
Summary not available.
Summary not available.
Royce Micro-Cap Trust (NYSE: RMT) declares a quarterly distribution of $0.15 per share, payable on September 25, 2020, to stockholders of record by September 11, 2020. This distribution follows a policy of 7% annual payouts based on the previous four quarters' net asset values. Notably, the fund has indicated it may distribute more than its income and gains, suggesting a portion of the distribution could be a return of capital. Current estimates show that for 2020, the distribution consists of 0% net investment income and 79% in long-term gains.
Summary not available.