Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares Fourth Quarter Common Stock Distribution of $0.24 Per Share

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE: RMT) declared a $0.24 per share fourth-quarter common stock distribution payable December 24, 2025 to holders of record at the close of business on December 11, 2025 (ex-dividend Dec 11, 2025). Stockholders may elect cash or reinvestment; the reinvestment price will be determined on December 18, 2025.

The Fund’s Distribution Policy targets an annual rate of 7% of the rolling four-quarter average NAV; the fourth-quarter payout equals the greater of 1.75% of the rolling average or the IRS minimum. Estimated allocation for the $0.24 distribution: 1% net investment income, 7% short-term gains, 92% long-term gains; return of capital 0%.

Fund metrics as of 11/30/2025: 5-year average annual NAV total return 10.21%, annualized current distribution rate 8.09%, year-to-date cumulative total return 14.63%, cumulative fiscal distribution rate 6.66%. Amounts are estimates and not final tax reporting.

Positive

• $0.24 per share distribution payable Dec 24, 2025
• Distribution optionality: cash or reinvestment election available
• 0% return of capital estimated for the distribution
• 5-year average return 10.21% (in relation to NAV)

Negative

• 92% of the distribution estimated from realized long-term gains
• Distribution sources and amounts are estimates, not final tax figures
• Annualized current distribution rate is 8.09%, which may pressure NAV

News Market Reaction

-1.34%

1 alert

-1.34% News Effect

On the day this news was published, RMT declined 1.34%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 distribution: $0.24 per share Distribution policy rate: 7% Q4 minimum rate: 1.75% +5 more

8 metrics

Q4 distribution $0.24 per share Fourth quarter 2025 common stock distribution payable Dec 24, 2025

Distribution policy rate 7% Annual rate of rolling four-quarter average NAV under Distribution Policy

Q4 minimum rate 1.75% Fourth quarter payout floor of rolling average NAV or IRS minimum

2025 YTD distribution $0.79 per share Total distributions per share through Nov 30, 2025

5-year avg total return 10.21% Average annual total return in relation to NAV for 5 years ending Nov 30, 2025

Current distribution rate 8.09% Annualized current distribution rate as % of NAV as of Nov 30, 2025

YTD total return 14.63% Cumulative total return in relation to NAV for fiscal year through Nov 30, 2025

Fiscal year distribution rate 6.66% Cumulative fiscal year distribution rate as % of NAV as of Nov 30, 2025

Market Reality Check

Price: $11.59 Vol: Volume 202,626 is about 2...

high vol

$11.59 Last Close

Volume Volume 202,626 is about 2x the 20-day average 101,468, indicating elevated pre-news activity. high

Technical Price 10.70 is trading above the 200-day MA of 9.43, reflecting a pre-news uptrend.

Peers on Argus

Peer closed-end funds showed mixed, small moves (e.g., BGY -0.17%, IFN +0.36%, V...

Peer closed-end funds showed mixed, small moves (e.g., BGY -0.17%, IFN +0.36%, VVR +0.31%), suggesting RMT’s action was more stock-specific than a broad sector move.

Historical Context

5 past events · Latest: Dec 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Distribution declaration	Positive	-1.3%	Announced $0.24 Q4 distribution with detailed source breakdown and fund returns.
Nov 24	Portfolio update	Positive	+1.5%	Reported Oct 31 NAV, market price, strong one-year and YTD NAV returns.
Oct 27	Portfolio update	Positive	+0.3%	Provided Sep 30 NAV, market price, asset base, and positive YTD performance.
Sep 25	Performance snapshot	Positive	-1.3%	Showed strong one- and three-year returns and discount to NAV with low leverage.
Sep 03	Distribution declaration	Positive	-0.5%	Declared $0.18 Q3 distribution and highlighted robust multi-year NAV returns.

Pattern Detected

Recent fund updates and distribution declarations have generally been positive in tone, but price reactions were mixed, with several instances where the stock declined following constructive news.

Recent Company History

This announcement continues Royce Micro-Cap Trust’s pattern of regular distributions and detailed performance reporting. Prior updates highlighted NAVs in the $11.54–$11.89 range, net assets around $606.9M–$629.9M, and strong one-year NAV returns above 17% in several periods. A third-quarter distribution of $0.18 per share followed the same 7% NAV-based policy. Historically, similar positive updates have produced modest and sometimes negative next-day moves, indicating that strong reported performance has not always translated into immediate price strength.

Market Pulse Summary

This announcement details a fourth-quarter distribution of $0.24 per share within RMT’s policy of pa...

Analysis

This announcement details a fourth-quarter distribution of $0.24 per share within RMT’s policy of paying 7% of rolling four-quarter average NAV, alongside a reported five-year average annual NAV total return of 10.21% and year-to-date NAV gain of 14.63%. Investors may focus on how much of the payout comes from long-term gains versus income, the sustainability of an 8.09% annualized distribution rate, and future updates on NAV performance and portfolio positioning.

Key Terms

net asset values (NAVs), net investment income, net realized short-term gains, net realized long-term gains, +4 more

8 terms

net asset values (NAVs) 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 per-share value of a fund or investment vehicle, calculated by adding up the market value of its assets, subtracting any liabilities, and dividing by the number of shares outstanding. It acts like a price tag for a basket of holdings, helping investors tell the underlying worth of each share, compare the market price to that intrinsic value, and track how the fund’s assets are performing over time.

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.

net realized short-term gains financial

"NET INVESTMENT INCOME | NET REALIZED SHORT-TERM GAINS | NET REALIZED LONG-TERM GAINS | RETURN OF CAPITAL"

Net realized short-term gains are the profits left after subtracting short-term losses from the sale of assets held for a year or less. Think of it like flipping garage-sale items: the money you actually pocket after accounting for any quick losses. Investors care because these gains affect reported income, can push taxes higher (short-term gains are usually taxed at ordinary rates), and change a fund’s or portfolio’s after-tax performance and volatility.

net realized long-term gains financial

"NET INVESTMENT INCOME | NET REALIZED SHORT-TERM GAINS | NET REALIZED LONG-TERM GAINS | RETURN OF CAPITAL"

Profit from selling investments or assets that were held for more than one year, after subtracting any related losses and adjustments. It matters to investors because these long-term gains are typically taxed at different rates than short-term gains and signal how much return a sale generated over a longer holding period — similar to the net profit you’d report after selling a secondhand car and paying for repairs and fees.

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.

Form 1099-DIV regulatory

"The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions"

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.

Average Annual Total Return financial

"Average Annual Total Return (in relation to NAV for the 5-year period ending on 11/30/2025)"

Average annual total return is the single yearly rate of return that, when applied each year, would grow an investment from its starting value to its ending value over a given period while including both price changes and any dividends or distributions. Investors use it to compare how different assets performed on a level playing field across time; think of it like the average speed of a trip that accounts for all stops and detours so you can fairly compare routes.

Annualized Current Distribution Rate financial

"Annualized Current Distribution Rate (expressed as a percentage of NAV as of 11/30/2025)"

Annualized current distribution rate is the income yield you would get if the most recent per-share payout continued at the same amount for a full year, expressed as a percentage of the current share price (or net asset value). It gives investors a quick, snapshot estimate of how much cash return a security is currently generating — like looking at last month’s paycheck and multiplying it to see your projected annual income — useful for comparing income potential across investments but not a guarantee of future payments.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 1, 2025 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) (the "Fund") has declared a fourth quarter distribution of $0.24 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 December 24, 2025 to stockholders of record at the close of business on December 11, 2025 (ex-dividend on December 11, 2025).  The price of shares issued for reinvestment will be determined on December 18, 2025.

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 December 24, 2025 and for 2025 year-to-date are as follows:

Estimated Allocations as of November 30, 2025

FUND	DISTRIBUTION PER SHARE	NET INVESTMENT INCOME	NET REALIZED SHORT-TERM GAINS	NET REALIZED LONG-TERM GAINS	RETURN OF CAPITAL
RMT	$0.24	$0.0018 (1 %)	$0.0171 (7 %)	$0.2211 (92 %)	$0.00 (0 %)

Estimated Allocations for 2025 through November 30, 2025

FUND	DISTRIBUTION PER SHARE	NET INVESTMENT INCOME	NET REALIZED SHORT-TERM GAINS	NET REALIZED LONG-TERM GAINS	RETURN OF CAPITAL
RMT	$0.79	$0.0060 (1 %)	$0.0563 (7 %)	$0.7277 (92 %)	$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 11/30/2025)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 11/30/2025)2	Cumulative total return (in relation to NAV for the fiscal year through 11/30/2025)3	Cumulative fiscal year Distribution Rate (as a percentage of NAV as 11/30/2025)4
RMT	10.21 %	8.09 %	14.63 %	6.66 %

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 November 30, 2025.  Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.

²  Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of November 30, 2025.

³  Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2024 to November 30, 2025, assuming reinvestment of distributions paid.

⁴  Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2025 to November 30, 2025), as a percentage of the Fund's NAV as of November 30, 2025.

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 at least 80% of its net assets in the equity securities of micro-cap companies. Micro-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell Microcap® Index at the time of its most recent reconstitution.

For further information on The Royce Funds^sm, please visit our web site at: www.royceinvest.com.

View original content:https://www.prnewswire.com/news-releases/royce-micro-cap-trust-inc-nyse-rmt-declares-fourth-quarter-common-stock-distribution-of-0-24-per-share-302629418.html

SOURCE Royce Micro-Cap Trust, Inc.

FAQ

What is the Royce Micro-Cap Trust (RMT) fourth-quarter distribution amount and payment date?

RMT declared a $0.24 per share distribution payable on December 24, 2025.

What are the record and ex-dividend dates for RMT's Dec 2025 distribution?

Record date is December 11, 2025; ex-dividend date is December 11, 2025.

Can RMT shareholders reinvest the December 2025 distribution instead of cash?

Yes; shareholders may elect cash or reinvestment; reinvestment price set on Dec 18, 2025.

What percentage of RMT's $0.24 distribution is from long‑term gains?

Approximately 92% of the $0.24 distribution is estimated to be from net realized long‑term gains.

What is RMT's Distribution Policy and target annual rate?

Policy targets an annual rate of 7% of the rolling four‑quarter average NAV; policy subject to board change.

What are key performance metrics for RMT as of 11/30/2025?

Five‑year average annual NAV return 10.21%; annualized current distribution rate 8.09%; YTD total return 14.63%.

Will the December distribution amounts be final for tax reporting?

No; the reported distribution sources are estimates; final tax reporting will appear on Form 1099‑DIV.