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, 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%.
Summary not available.
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.
Summary not available.
Summary not available.
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.
Summary not available.
Summary not available.
Summary not available.
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.