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 $0.21 per share on its Common Stock, payable on September 24, 2021, to stockholders of record as of September 13, 2021. This aligns with its 7% annual distribution policy based on the rolling average of the prior four quarter-end net asset values (NAVs). The distribution may include a return of capital, which does not reflect the fund's performance. The fund's estimated allocations show that a portion of the distribution is derived from realized gains.
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Royce Micro-Cap Trust (NYSE-RMT) has announced a quarterly distribution of $0.19 per share on its Common Stock, payable on June 25, 2021, to stockholders of record as of June 11, 2021. This continues the Fund's policy of distributing an annual rate of 7% based on the average of the previous four quarter-end net asset values. A portion of the distribution may be a return of capital. The estimated allocations indicate that the distribution includes both short-term and long-term gains.
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Royce Micro-Cap Trust, Inc. (NYSE: RMT) has announced a quarterly distribution of $0.16 per share on its Common Stock, payable on March 24, 2021. Stockholders of record by March 11, 2021 will receive this distribution. The fund maintains a 7% annual distribution policy based on the average of the previous four quarter-end net asset values (NAVs). As of February 28, 2021, the fund's average annual total return over five years was 20.81% with a current distribution rate of 4.72%.