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.
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Royce Micro-Cap Trust (NYSE: RMT) announced that stockholders approved a new investment advisory agreement with Royce Investment Partners during a Special Meeting held on July 14, 2020. The new agreement aims to enhance management without increasing the advisory fee, ensuring continuity in portfolio management and investment strategy. This change will take effect after Franklin Resources, Inc. acquires Legg Mason, Royce's indirect parent company. The Fund, focused on long-term capital growth through micro-cap equity investments, is committed to maintaining its core investment objectives.
Summary not available.