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

Insights

Equity distribution analyst

Royce Micro-Cap Trust declared a $0.24 Q4 common-stock distribution, payable December 24, 2025.

The Fund declared a fourth-quarter distribution of $0.24 per common share, payable December 24, 2025, to holders of record at the close of business on December 11, 2025, with reinvestment share pricing set on December 18, 2025. The Fund uses a quarterly Distribution Policy that targets an annual rate of 7% of the rolling four-quarter average NAV, and the fourth-quarter payment equals the greater of 1.75% of that rolling average or the IRS minimum.

The Fund reports estimated distribution sources for this payment as 92% net realized long-term gains, 7% net realized short-term gains, and 1% net investment income, with 0% reported as return of capital; year-to-date through November 30, 2025 the cumulative distributions total $0.79 per share with the same source mix. These allocations are labeled as estimates and the Fund will provide final tax characterization on Form 1099-DIV for the calendar year.

Watch for the Form 1099-DIV after year-end and any Board notice if the Distribution Policy or annual rate changes; key near-term dates are record/ex-dividend on December 11, 2025, reinvestment pricing on December 18, 2025, and payment on December 24, 2025. Also note reported performance figures through November 30, 2025: five‑year average annual NAV total return 10.21%, annualized current distribution rate 8.09%, cumulative fiscal-year NAV return 14.63%, and cumulative fiscal-year distribution rate 6.66%. These facts form the basis for near-term tax reporting and cash/share election decisions.

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.

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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.