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 a quarterly distribution of $0.23 per share, payable in cash or additional shares. This distribution will be made on March 24, 2022, to shareholders of record as of March 11, 2022. The Fund follows a 7% annual distribution policy based on the four-quarter average net asset values (NAVs). As of February 28, 2022, the estimated sources for this distribution include a return of capital, as it has distributed more than its income and net capital gains.
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Royce Micro-Cap Trust (NYSE-RMT) has announced a quarterly distribution of $0.28 per share, payable on December 23, 2021 to shareholders registered by December 13, 2021. This payment can be received in cash or additional shares. The fund follows a distribution policy of paying 7% annually based on the rolling average of the last four quarter-end net asset values (NAVs). For 2021, RMT's estimated distributions are $0.84 per share, with a breakdown of 0% net investment income and 87% as net realized long-term gains.
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