Welcome to our dedicated page for Royce Small-Cap Trust news (Ticker: RVT), a resource for investors and traders seeking the latest updates and insights on Royce Small-Cap Trust stock.
Royce Small-Cap Trust, Inc. (NYSE: RVT) is a closed-end diversified management investment company focused on long-term capital growth through investments in equity securities of smaller companies. This news page aggregates official announcements and related coverage so readers can follow how the fund applies its stated investment and distribution policies over time.
Public communications from Royce Small-Cap Trust, Inc. frequently highlight its quarterly distribution activity. The fund has adopted a Distribution Policy of paying quarterly distributions on its common stock, describing the annual rate as 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution set as the greater of 1.75% of the rolling average or the minimum required by IRS regulations. News items often detail record dates, payment dates, ex-dividend dates, and whether distributions are payable in cash, additional shares of common stock, or both at the stockholder’s election.
Announcements also provide estimated sources of each distribution, allocating per-share amounts among net investment income, net realized short-term gains, net realized long-term gains, and return of capital. These releases explain that the amounts and sources are estimates, not tax reporting figures, and that a portion of distributions may be classified as return of capital in some periods. In addition, the fund regularly discloses metrics such as average annual total return in relation to NAV, annualized current distribution rates, cumulative total return, and cumulative fiscal year distribution rates, all defined in relation to NAV and reinvested distributions.
Investors and researchers can use this news feed to review the fund’s historical distribution patterns, policy statements, and other official updates, including information about its name change from Royce Value Trust, Inc. to Royce Small-Cap Trust, Inc. and the evolution of its small-cap investment policy.
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of October 31, 2024. The fund showed a one-year total return of 32.77% (NAV) and 36.32% (Market), with year-to-date returns of 9.73% and 10.08% respectively. The fund's net assets stand at $1.98B, with an average market cap of $3065.6M. The portfolio is primarily invested in Industrials (24.4%), Financials (20.5%), and Information Technology (16.2%). IES Holdings represents the largest position at 2.1% of net assets.
Royce Small-Cap Trust (NYSE: RVT) reported its performance as of September 30, 2024, showing strong year-to-date returns of 11.98% (NAV) and 14.08% (Market). The fund, with net assets of $2.02B, demonstrated impressive one-year returns of 26.97% (NAV) and 31.72% (Market). The portfolio maintains significant sector allocations in Industrials (25.4%), Financials (19.6%), and Information Technology (16.4%). The fund's average market cap is $3209.6M, with a weighted average P/E of 18.2x and P/B of 2.2x. IES Holdings leads the top holdings at 1.9% of net assets.
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of August 31, 2024. The fund's Net Asset Value (NAV) stood at $17.62, while its market price was $15.55. The fund showed positive year-to-date returns of 11.51% (NAV) and 10.98% (market price), and one-year returns of 19.48% (NAV) and 20.91% (market price).
The fund's portfolio diagnostics revealed an average market cap of $3165.8M and net assets of $2.03B. The top three sectors in the portfolio were Industrials (24.3%), Financials (20.0%), and Information Technology (16.9%). The fund's primary investment goal is long-term capital growth, focusing on small- and micro-cap companies.
Royce Small-Cap Trust (NYSE: RVT) has declared a quarterly distribution of $0.28 per share on its Common Stock, payable on September 23, 2024. The distribution follows the Fund's policy of paying quarterly distributions at an annual rate of 7% of the rolling average of prior four quarter-end NAVs. For the current distribution, 87% comes from net realized long-term gains, 13% from short-term gains, and a minimal amount from return of capital. The Fund's 5-year average annual total return is 11.95%, with a current annualized distribution rate of 6.36%. Year-to-date, RVT has achieved a cumulative total return of 11.51% and a cumulative fiscal year distribution rate of 4.71%.
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of July 31, 2024. The fund's Net Asset Value (NAV) stood at $17.79, while its market price was $16.01. RVT demonstrated strong performance across various timeframes, with notable one-year returns of 17.47% (NAV) and 20.33% (market price). The fund's portfolio is diversified across small-cap and micro-cap companies, with a focus on sectors such as Industrials (24.0%), Financials (19.7%), and Information Technology (17.3%). The fund's net assets totaled $2.05 billion, with an average market cap of $3172.7 million. Investors should note that while the fund offers potential for growth, it also carries risks associated with small-cap and micro-cap investments.
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of June 30, 2024. The fund's Net Asset Value (NAV) stood at $16.54, while its market price was $14.47. RVT's year-to-date total return was 4.67% (NAV) and 3.27% (market price), with one-year returns of 13.94% (NAV) and 13.41% (market price). The fund's net assets totaled $1.91 billion, with a net leverage of 0.2%. RVT's portfolio focuses on small- and micro-cap companies, with top sectors including Industrials (24.3%), Financials (18.8%), and Information Technology (18.7%). The fund's advisor boasts over 50 years of small- and micro-cap investment experience.
The Royce Small-Cap Trust (NYSE: RVT), as of May 31, 2024, is the oldest and largest small-cap closed-end fund. It has an average weekly trading volume of 795,507 shares.
Closing prices on May 31, 2024, were $17.13 NAV and $14.92 market price. The fund's one-year return was 25.78% on NAV and 27.29% on market price. The five-year return was 11.93% on NAV and 11.62% on market price.
Net assets totaled $1.96 billion with an average market cap of $3,077.8 million. Top sectors include Industrials (24.9%) and Financials (18.6%). Major holdings are Alamos Gold Cl. A and IES Holdings.
The fund's investment strategy focuses on small- and micro-cap companies for long-term capital growth. Risks include market price fluctuations and foreign security risks.
Royce Small-Cap Trust (NYSE-RVT) has declared a second-quarter distribution of $0.28 per share on its common stock, payable in cash or additional shares on June 24, 2024. The distribution follows the Fund's policy of quarterly payouts at an annual rate of 7% based on the average NAV of the past four quarters. The distribution, mostly derived from long-term gains (77%), reflects a solid performance with an 11.93% average annual return over five years. Investors should note that these figures are estimates and the actual tax implications will be detailed in the Form 1099-DIV.
The Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of April 30, 2024. The fund, managed by an adviser with over 50 years of small- and micro-cap investment experience, revealed a net asset value (NAV) of $16.20 and a market price of $14.11. The one-month total return was -5.26% on NAV and -6.99% on market price. Year-to-date returns were 0.54% on NAV and -1.25% on market price. Over a one-year period, the returns were 17.52% on NAV and 17.51% on market price. The fund invests mainly in small- and micro-cap securities, which are riskier than larger-cap investments. It holds a diversified portfolio with significant exposure to foreign securities, which can involve additional risks. The portfolio's average market cap is $2.94 billion, with net assets totaling $1.86 billion. Top sectors include Industrials, Financials, and Information Technology.
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