Welcome to our dedicated page for Royce Micro-Cap Trust news (Ticker: RMT), a resource for investors and traders seeking the latest updates and insights on Royce Micro-Cap Trust stock.
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.
Royce Micro-Cap Trust (NYSE-RMT) announced a quarterly distribution of $0.18 per share for Q2 2024, payable either in cash or additional common stock. The payment date is June 24, 2024, with a record date of June 13, 2024. The fund's annual distribution rate is 7% of the rolling average NAV of the prior four quarters. The sources of the distribution are 34% from short-term gains and 66% from long-term gains. For the fiscal year through May 31, 2024, RMT reported a total distribution per share of $0.35 and a fund performance return of 13.87% over the last five years. The policy and annual rate may be revised at the fund board's discretion.
Royce Micro-Cap Trust (NYSE: RMT) reported an average weekly trading volume of 549,219 shares as of April 30, 2024.
The fund's net asset value (NAV) was $10.21, while the market price stood at $8.88. The year-to-date return was -0.64% for NAV and -2.08% for the market price. The one-year return was 17.80% for NAV and 16.72% for the market price.
With net assets of $512.5 million, the fund invests primarily in equity securities of micro-cap companies with market capitalizations of $1 billion or less.
The top five sectors were Information Technology (23.2%), Industrials (21.9%), Financials (16.0%), Health Care (10.7%), and Materials (7.9%).
Past performance is not indicative of future results, and micro-cap investments involve higher risks. Daily NAVs are available on Royce's website.
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