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. (RMT) is a closed-end investment company specializing in microcap equities across diverse sectors. This news hub provides investors and analysts with centralized access to official press releases, financial disclosures, and market-related updates from the Trust.
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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.
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.
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.
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