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. (NYSE: RMT) is a closed-end diversified management investment company whose shares trade on the New York Stock Exchange. The fund states that its investment goal is long-term capital growth, which it seeks by investing at least 80% of its net assets in the equity securities of micro-cap companies as defined with reference to the Russell Microcap® Index.
This news page focuses on official announcements and updates released by Royce Micro-Cap Trust, Inc. A central theme in the fund 27s news flow is its quarterly and fourth quarter distributions on common stock. Each press release typically details the per-share distribution amount, record date, ex-dividend date, payment date, and the date on which the price of shares issued for reinvestment will be determined.
RMT 27s announcements also provide estimated allocations of each distribution among net investment income, net realized short-term gains, net realized long-term gains, and any return of capital. The fund often explains when it believes it has distributed more than its income and net realized capital gains, noting that a portion of a distribution may represent a return of capital. In addition, the fund routinely cautions that investors should not infer investment performance from the size of distributions or the terms of its Distribution Policy.
Another recurring element in Royce Micro-Cap Trust, Inc. news releases is the presentation of performance and distribution rate information in relation to NAV, including Average Annual Total Return for multi-year periods, the Annualized Current Distribution Rate, Cumulative Total Return for the fiscal year-to-date, and the Cumulative Fiscal Year Distribution Rate.
Investors and observers can use this news feed to monitor how the fund applies its stated Distribution Policy, how it characterizes the sources of its payouts over time, and how it reports NAV-based performance measures. Regular updates on these topics provide context for understanding the fund 27s approach to distributions and its communications with stockholders.
Royce Micro-Cap Trust (NYSE: RMT) has announced a quarterly distribution of $0.21 per share, payable on September 23, 2022. Stockholders of record as of September 12, 2022 will be eligible, with an ex-dividend date of September 9, 2022. The distribution policy reflects an annual rate of 7% based on the average of the last four quarters' net asset values (NAV). Notably, a portion of the distribution may be a return of capital, indicating that some of the distributed funds may not reflect investment performance.
Royce Micro-Cap Trust (NYSE: RMT) announced a quarterly cash distribution of $0.23 per share, payable on June 24, 2022, to stockholders on record as of June 13, 2022. The fund maintains a 7% annual distribution policy based on rolling average net asset values. The current distribution may include a return of capital, which is not indicative of fund performance. For 2022, total estimated distributions per share are $0.46, with 8.63% as the annualized current distribution rate as of May 31, 2022.
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