Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares First Quarter Common Stock Distribution of $0.19 Per Share

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE:RMT) declared a quarterly common stock distribution of $0.19 per share, payable March 30, 2026, to holders of record at the close of business March 12, 2026 (ex-dividend March 12).

The distribution is payable in cash or additional shares; reinvestment share price will be set March 20, 2026. Estimated sources: 0% net investment income, 12% short-term gains, 88% long-term gains. Fund metrics: 5-year average annual NAV return 9.28% and annualized current distribution rate 5.50% as of February 28, 2026.

Positive

• Declared distribution of $0.19 per share payable March 30, 2026
• Annualized distribution rate of 5.50% as of 2/28/2026
• Five-year average NAV return of 9.28% through 2/28/2026

Negative

• 0% net investment income funded portion may affect sustainability perceptions
• 88% of distribution from realized long-term gains, not current income

Key Figures

Q1 distribution: $0.19 per share Distribution policy rate: 7% Short-term gains portion: $0.0235 (12%) +5 more

8 metrics

Q1 distribution $0.19 per share First quarter 2026 common stock distribution

Distribution policy rate 7% Annual rate of rolling 4-quarter average NAVs

Short-term gains portion $0.0235 (12%) Estimated allocation of $0.19 distribution

Long-term gains portion $0.1665 (88%) Estimated allocation of $0.19 distribution

5-year avg total return 9.28% Average annual total return (NAV) to 2/28/2026

Current distribution rate 5.50% Annualized current distribution rate vs NAV on 2/28/2026

Cumulative total return 17.22% Fiscal-year NAV total return through 2/28/2026

Cumulative distribution rate 1.37% Fiscal-year distribution rate vs NAV as of 2/28/2026

Market Reality Check

Price: $12.49 Vol: Volume 156,653 is in-line...

normal vol

$12.49 Last Close

Volume Volume 156,653 is in-line at 1.03x the 20-day average of 152,082 shares. normal

Technical Price 12.21 is trading above the 200-day MA at 10.22, indicating a pre-news uptrend.

Peers on Argus

RMT fell 1.05% while peers were mixed: BGY -0.24%, IFN +0.08%, GUT +0.66%, STK +...

RMT fell 1.05% while peers were mixed: BGY -0.24%, IFN +0.08%, GUT +0.66%, STK +0.05%, VVR -2.22%. Moves do not indicate a unified sector trend.

Historical Context

5 past events · Latest: Jan 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 26	Portfolio update	Positive	-0.3%	Reported strong 1-year and long-term NAV returns and portfolio stats.
Dec 23	Portfolio update	Positive	-0.1%	Disclosed NAV, market price, net assets, and solid YTD NAV gains.
Dec 1	Distribution declaration	Positive	-1.3%	Announced $0.24 Q4 distribution under 7% managed payout policy.
Nov 24	Portfolio update	Positive	+1.5%	Highlighted strong one-year and YTD NAV returns and sector exposures.
Oct 27	Portfolio update	Positive	+0.3%	Reported NAV, market price, net assets, and double-digit YTD NAV return.

Pattern Detected

Recent updates, including strong performance and prior distributions, often saw modest negative or muted next-day moves, suggesting a tendency for soft reactions even to constructive news.

Recent Company History

Over the last several months, Royce Micro-Cap Trust has regularly reported portfolio and performance data along with managed distribution details. NAVs have hovered near $11.8–$11.9 with market prices around $10.4–$10.6 and net assets near $623–$631M. Performance figures frequently showed double-digit year-to-date and one-year NAV returns, while distributions, such as the prior $0.24 fourth-quarter payout targeting a 7% annual rate, were largely sourced from long-term gains. Historically, such informational and distribution announcements sometimes coincided with small price declines.

Market Pulse Summary

This announcement details a first quarter distribution of $0.19 per share under a managed policy tar...

Analysis

This announcement details a first quarter distribution of $0.19 per share under a managed policy targeting 7% of rolling average NAVs, with the current payout estimated at 12% from short-term gains and 88% from long-term gains. Investors may monitor how future NAV performance, described here with a 9.28% five-year average annual total return and 17.22% fiscal-year NAV gain, interacts with ongoing distributions and any changes the board might make to the policy or rate.

Key Terms

nav, net investment income, return of capital, ex-dividend, +1 more

5 terms

nav financial

"Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs)"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

net investment income financial

"Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

return of capital financial

"Net Realized Long-Term Gains | Return of Capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

ex-dividend financial

"stockholders of record at the close of business on March 12, 2026 (ex-dividend on March 12, 2026)"

Ex-dividend describes a stock trading without the right to receive the next scheduled dividend payment; if you buy the share on or after the ex-dividend date, the upcoming payout goes to the seller instead of you. It matters to investors because the stock price typically adjusts to reflect that lost payout, so understanding the ex-dividend date helps decide whether a trade will capture the dividend and can affect short-term price moves and tax or income strategies.

form 1099-div regulatory

"The Fund will send you a Form 1099-DIV for the calendar year"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

AI-generated analysis. Not financial advice.

NEW YORK, March 2, 2026 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.19 per share on its Common Stock.  The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on March 30, 2026, to stockholders of record at the close of business on March 12, 2026 (ex-dividend on March 12, 2026).  The price of shares issued for reinvestment will be determined on March 20, 2026.

The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.

The Fund's estimated sources of the distribution to be paid on March 30, 2026 and for 2026 year-to-date are as follows

Estimated Allocations as of February 28, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.19	$0.00 (0 %)	$0.0235 (12 %)	$0.1665 (88 %)	$0.00 (0 %)

Estimated Allocations for 2026 through February 28, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.19	$0.00 (0 %)	$0.0235 (12 %)	$0.1665 (88 %)	$0.00 (0 %)

You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy.  The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund	Average Annual Total Return (in relation to NAV for the 5-year period ending on 2/28/2026)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 2/28/2026)2	Cumulative Total Return (in relation to NAV for the fiscal year through 2/28/2026)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 2/28/2026)4
RMT	9.28 %	5.50 %	17.22 %	1.37 %

¹    Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended February 28, 2026.  Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.

² The Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of February 28, 2026.

³   Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2025 to February 28, 2026, assuming reinvestment of distributions paid.

⁴   The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2026 to February 28, 2026), as a percentage of the Fund's NAV as of February 28, 2026.

About Royce Micro-Cap Trust, Inc.

Royce Micro-Cap Trust, Inc. (the "Fund") is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the New York Stock Exchange.  The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalizations of $750 million or less. 

 

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SOURCE Royce Micro-Cap Trust, Inc.

FAQ

What is Royce Micro-Cap Trust (RMT) declaring for the March 2026 distribution?

Royce Micro-Cap Trust declared a $0.19 per share quarterly distribution payable March 30, 2026. According to the company, record date is March 12, 2026 and shareholders may elect cash or reinvestment in additional shares.

How is the RMT March 30, 2026 distribution funded and taxed?

The distribution is estimated to be 0% net investment income, 12% short-term, 88% long-term gains. According to the company, these are preliminary allocations and final tax character will be reported on Form 1099-DIV.

What is RMT's current distribution policy and annualized rate as of Feb 28, 2026?

RMT uses a quarterly distribution policy targeting an annual rate based on a 7% rolling NAV average; current annualized rate is 5.50%. According to the company, the Board may change the policy at its discretion.

Can RMT shareholders reinvest the March 30, 2026 distribution into additional shares?

Yes; shareholders can elect cash or reinvestment in additional common shares, with the reinvestment price set on March 20, 2026. According to the company, the election must be made by shareholders before the record date.

How has RMT performed recently relative to NAV through February 28, 2026?

RMT's five-year average annual NAV total return is 9.28%, with a fiscal-year cumulative NAV return of 17.22% through 2/28/2026. According to the company, these returns assume reinvestment of distributions.