Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares Second Quarter Common Stock Distribution of $0.21 Per Share

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE:RMT) declared a quarterly common stock distribution of $0.21 per share, payable June 29, 2026, to shareholders of record and ex-dividend on June 11, 2026. The distribution may be taken in cash or shares, with reinvestment pricing set June 18, 2026.

The fund targets annual distributions of 7% of the rolling four-quarter average NAV. For the June 29 payment, estimated sources are 3% net realized short-term gains and 97% net realized long-term gains, with no net investment income or return of capital. Year-to-date distributions through May 31, 2026 show the same mix.

As of May 31, 2026, RMT reports a 5-year average annual total return on NAV of 11.90%, an annualized current distribution rate of 5.34% of NAV, a fiscal year-to-date cumulative total return of 35.72% on NAV, and a cumulative fiscal year distribution rate of 2.54% of NAV.

AI-generated analysis. Not financial advice.

Positive

• Quarterly common stock distribution of $0.21 per share payable June 29, 2026
• Fund targets 7% annual distribution based on rolling four-quarter average NAV
• June 29 distribution estimated 97% from net realized long-term gains
• Year-to-date 2026 distributions estimated 97% from net realized long-term gains
• 5-year average annual total return on NAV of 11.90% as of May 31, 2026
• Fiscal year-to-date cumulative NAV total return of 35.72% through May 31, 2026

Negative

• Estimated June 29, 2026 distribution includes 0% net investment income
• Estimated 2026 year-to-date distributions include 0% net investment income

Key Figures

Q2 distribution: $0.21 per share Distribution policy rate: 7% of rolling NAV Q2 LT gains component: $0.2031 (97%) +5 more

8 metrics

Q2 distribution $0.21 per share Second quarter 2026 common stock distribution

Distribution policy rate 7% of rolling NAV Annual rate on rolling average of prior four quarter-end NAVs

Q2 LT gains component $0.2031 (97%) Net realized long-term gains portion of $0.21 distribution

Q2 ST gains component $0.0069 (3%) Net realized short-term gains portion of $0.21 distribution

YTD 2026 distributions $0.40 per share Distributions through May 31, 2026

YTD LT gains share $0.3868 (97%) Net realized long-term gains portion of 2026 YTD distributions

5-year avg annual return 11.90% Average annual total return in relation to NAV, 5 years to 5/31/2026

Cumulative FY total return 35.72% Cumulative NAV total return for fiscal year through 5/31/2026

Market Reality Check

Price: $14.04 Vol: Volume 258,867 is 2.22x t...

high vol

$14.04 Last Close

Volume Volume 258,867 is 2.22x the 20-day average of 116,773 shares ahead of the distribution. high

Technical Price $14.04 is trading above the 200-day MA at $11.28, near the 52-week high of $14.25.

Peers on Argus

RMT gained 0.29% with elevated volume while peers showed mixed moves: IFN +0.36%...

RMT gained 0.29% with elevated volume while peers showed mixed moves: IFN +0.36%, VVR +0.99%, BGY -0.17%, GUT -0.16%, STK roughly flat.

Historical Context

5 past events · Latest: May 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 20	Monthly metrics update	Positive	+0.7%	Reported strong one-year returns and higher NAV and net assets.
May 04	Quarter-end metrics	Positive	+0.4%	Released March 31 portfolio data with solid one-year and YTD returns.
Mar 25	Monthly metrics update	Positive	-3.6%	Detailed February 28 NAV and performance metrics with strong one-year gains.
Mar 02	Dividend declaration	Positive	+2.3%	Announced first quarter $0.19 per share distribution and supporting fund metrics.
Feb 27	Monthly metrics update	Positive	-1.1%	Reported January 31 NAV, returns, and portfolio diagnostics for the fund.

Pattern Detected

Fund updates and distribution declarations have often seen modest positive price reactions, though there are occasional negative moves on routine portfolio reports.

Recent Company History

Over the last six months, RMT has regularly reported portfolio metrics and declared quarterly distributions. Updates on NAV, market price, and sector allocation on Jan 31, Feb 28, Mar 31, and Apr 30, 2026 showed rising NAV and strong one‑year returns. The first quarter distribution of $0.19 per share on Mar 2, 2026 drew a positive price reaction. Today’s $0.21 second‑quarter distribution fits this ongoing managed‑distribution and performance‑reporting cadence.

Market Pulse Summary

This announcement details a second‑quarter common stock distribution of $0.21 per share under RMT’s ...

Analysis

This announcement details a second‑quarter common stock distribution of $0.21 per share under RMT’s 7% managed‑distribution policy, mostly funded by net realized long‑term gains. It also reports a 5-year average annual total return of 11.90% and a fiscal‑year cumulative NAV return of 35.72%. Investors may monitor how future distributions align with the rolling NAV‑based formula, the mix of income versus gains in payouts, and subsequent updates to NAV and performance metrics through year‑end.

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"

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 5/31/2026)"

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.

cumulative total return financial

"Cumulative Total Return (in relation to NAV for the fiscal year through 5/31/2026)"

Cumulative total return measures how much an investment has grown over a set period after accounting for both changes in price and any income paid out, like dividends or interest, assuming those payouts are reinvested. Think of it as the size of a cake after you’ve added new slices back into it: it shows the full, compounded gain rather than just the change in sticker price, helping investors compare true long‑term performance across assets.

AI-generated analysis. Not financial advice.

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NEW YORK, June 1, 2026 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.21 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 29, 2026, to stockholders of record at the close of business on June 11, 2026 (ex-dividend on June 11, 2026). The price of shares issued for reinvestment will be determined on June 18, 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 June 29, 2026 and for 2026 year-to-date are as follows

Estimated Allocations as of May 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.21	$0.00 (0 %)	$0.0069 (3 %)	$0.2031 (97 %)	$0.00 (0 %)

Estimated Allocations for 2026 through May 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.40	$0.00 (0 %)	$0.0132 (3 %)	$0.3868 (97 %)	$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 5/31/2026)1	Annualized Current Distribution Rate (as a percentage of NAV as of 5/31/2026)2	Cumulative Total Return (in relation to NAV for the fiscal year through 5/31/2026)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 5/31/2026)4
RMT	11.90 %	5.34 %	35.72 %	2.54 %

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, 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 is the dollar value annualized as a percentage of the Fund's NAV as of May 31, 2026.

³ Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2025 to May 31, 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 May 31, 2026), as a percentage of the Fund's NAV as of May 31, 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. 

View original content:https://www.prnewswire.com/news-releases/royce-micro-cap-trust-inc-nyse-rmt-declares-second-quarter-common-stock-distribution-of-0-21-per-share-302787396.html

SOURCE Royce Micro-Cap Trust, Inc.

FAQ

What dividend did Royce Micro-Cap Trust (NYSE:RMT) declare for the second quarter of 2026?

Royce Micro-Cap Trust declared a quarterly distribution of $0.21 per share on its common stock. According to Royce Micro-Cap Trust, it will be paid on June 29, 2026 to shareholders of record and ex-dividend on June 11, 2026.

When is the record date and ex-dividend date for the RMT $0.21 distribution in June 2026?

The record and ex-dividend date for RMT’s $0.21 distribution is June 11, 2026. According to Royce Micro-Cap Trust, shareholders on record that day will receive payment on June 29, 2026, with reinvestment shares priced on June 18, 2026.

How can Royce Micro-Cap Trust (RMT) shareholders receive the June 29, 2026 $0.21 distribution?

Shareholders can receive the $0.21 distribution in cash or additional common shares. According to Royce Micro-Cap Trust, stockholders may elect cash, while shares issued for reinvestment will be priced based on the market on June 18, 2026.

What is Royce Micro-Cap Trust’s (RMT) distribution policy and annual target rate?

Royce Micro-Cap Trust’s policy is to pay quarterly distributions targeting an annual rate of 7% of the rolling four-quarter average NAV. According to Royce Micro-Cap Trust, the fourth-quarter payout is at least 1.75% of that average or the IRS-required minimum.

What are the estimated sources of Royce Micro-Cap Trust’s June 29, 2026 $0.21 distribution?

The June 29, 2026 $0.21 distribution is estimated at 3% net realized short-term gains and 97% net realized long-term gains. According to Royce Micro-Cap Trust, there is no net investment income or return of capital included in this estimate.

How has Royce Micro-Cap Trust (RMT) performed over the past five years as of May 31, 2026?

RMT reports a 5-year average annual total return on NAV of 11.90%. According to Royce Micro-Cap Trust, the fiscal year-to-date cumulative total return on NAV is 35.72% through May 31, 2026, assuming reinvestment of distributions.

What is the current distribution rate for Royce Micro-Cap Trust (RMT) relative to NAV?

As of May 31, 2026, RMT’s annualized current distribution rate is 5.34% of NAV. According to Royce Micro-Cap Trust, the cumulative fiscal year distribution rate is 2.54% of NAV for the period January 1, 2026 through May 31, 2026.