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. is a diversified closed-end management investment company whose common stock trades on the New York Stock Exchange under RVT. The fund seeks long-term capital growth and, under normal circumstances, invests at least 80% of net assets in equity securities of small-cap companies.
The fund's announcements primarily cover quarterly common stock distributions, stock-or-cash election mechanics, estimated distribution sources, NAV-based distribution policy details, and fund performance and distribution-rate information. Its public record also reflects the completed 2024 name change from Royce Value Trust and the related small-cap investment policy update.
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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