Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares Second Quarter Common Stock Distribution of $0.18 Per Share

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE:RMT) has announced a quarterly dividend distribution of $0.18 per share, payable on June 25, 2025, to stockholders of record as of June 12, 2025. The distribution is part of the Fund's policy of paying quarterly distributions at an annual rate of 7% based on the rolling average of prior four quarter-end NAVs. The distribution is entirely sourced from net realized long-term gains. The Fund reported strong 5-year performance with an average annual total return of 12.71%, though it shows a -7.37% cumulative total return for the fiscal year through May 31, 2025. The current annualized distribution rate stands at 7.24% of NAV.

Positive

• Strong 5-year performance with 12.71% average annual total return
• Healthy annualized distribution rate of 7.24%
• Distribution fully covered by realized long-term gains (100%), indicating no return of capital

Negative

• Negative cumulative total return of -7.37% for the fiscal year through May 31, 2025

Insights

Investment Fund Analyst

RMT declares $0.18 quarterly dividend, maintaining 7% annual distribution policy while showing strong 5-year returns despite recent underperformance.

Royce Micro-Cap Trust (RMT) has announced its second quarter dividend of $0.18 per share, payable on June 25, 2025, to shareholders of record as of June 12. This distribution maintains the fund's commitment to its quarterly dividend policy, which targets an annual distribution rate of 7% based on the rolling average of prior four-quarter NAVs.

Looking at the distribution composition, it's noteworthy that 100% of the dividend comes from realized long-term capital gains rather than income or return of capital. This indicates the fund's portfolio managers have successfully harvested gains from their investments, though the absence of income component suggests limited dividend generation from underlying holdings.

The fund's performance metrics present a mixed picture. RMT has delivered an impressive 12.71% average annual return over the five-year period ending May 31, 2025, demonstrating strong long-term performance in the challenging micro-cap space. However, the fund is down 7.37% year-to-date, reflecting recent market challenges for smaller companies.

The current annualized distribution rate of 7.24% is attractive in today's market environment, especially considering it's backed by realized gains rather than return of capital. This distribution policy provides shareholders with consistent cash flow while allowing for optional dividend reinvestment for those preferring compounded growth.

NEW YORK, June 2, 2025 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.18 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 June 25, 2025, to stockholders of record at the close of business on June 12, 2025 (ex-dividend on June 12, 2025). The price of shares issued for reinvestment will be determined on June 20, 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 June 25, 2025 and for 2025 year-to-date are as follows

Estimated Allocations as of May 31, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized  Short-Term Gains	Net Realized  Long-Term Gains	Return of Capital
RMT	$0.18	$0.00 (0 %)	$0.00 (0 %)	$0.18 (100 %)	$0.00 (0 %)

Estimated Allocations for 2025 through May 31, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized  Short-Term Gains	Net Realized  Long-Term Gains	Return of Capital
RMT	$0.37	$0.00 (0 %)	$0.00 (0 %)	$0.37 (100 %)	$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 5/31/2025)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 5/31/2025)2	Cumulative Total Return (in relation to NAV for the fiscal year through 5/31/2025)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 5/31/2025)4
RMT	12.71 %	7.24 %	-7.37 %	3.72 %

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 May 31, 2025. 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 May 31, 2025.

³ Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2024 to May 31, 2025, 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, 2025 to May 31, 2025), as a percentage of the Fund's NAV as of May 31, 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 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

FAQ

What is the dividend amount and payment date for Royce Micro-Cap Trust (RMT) in Q2 2025?

Royce Micro-Cap Trust (RMT) declared a quarterly dividend of $0.18 per share, payable on June 25, 2025, to stockholders of record as of June 12, 2025.

What is RMT's current distribution yield and policy?

RMT maintains a 7.24% annualized distribution rate and follows a policy of quarterly distributions at 7% of the rolling average of prior four quarter-end NAVs.

How has RMT performed over the past 5 years?

RMT has achieved an average annual total return of 12.71% in relation to NAV for the five-year period ending May 31, 2025.

What is the source of RMT's current distribution?

The entire $0.18 distribution (100%) comes from net realized long-term gains, with no portion from return of capital or investment income.

How has RMT performed in the current fiscal year?

RMT has experienced a negative performance in the current fiscal year, with a cumulative total return of -7.37% through May 31, 2025.