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.
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Royce Value Trust, Inc. (NYSE: RVT) announced a quarterly distribution of $0.29 per share for its Common Stock, payable on December 23, 2022. The record date for stockholders is December 12, 2022, with an ex-dividend date of December 9, 2022. The Fund's distribution policy pays out at an annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs). Notably, a portion of the distribution may represent a return of capital. The Fund's estimated allocations reveal significant reliance on long-term gains in its distribution.
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Royce Value Trust, the oldest small-cap closed-end fund, reported as of August 31, 2022, a net asset value (NAV) of $15.45 and a market price of $15.18. The fund has experienced a 20.26% decline year-to-date and a 17.88% decrease over the past year. It primarily invests in small- and micro-cap companies, with net assets amounting to $1.67B and an average market cap of $2.408B. The fund has a weighted average P/E ratio of 13.8x and invests heavily across sectors, including Industrials and Information Technology.
Royce Value Trust (NYSE-RVT) has announced a quarterly distribution of $0.32 per share on its Common Stock, payable on September 23, 2022, to shareholders of record as of September 12, 2022. The Fund follows a Distribution Policy of 7% of the average net asset values over four quarters, with potential returns of capital. For 2022, allocations include $0.0106 from net investment income, $0.0380 from short-term gains, and $0.2508 from long-term gains. The Fund's 5-year return stands at 7.72% with an annualized current distribution rate of 8.28%.
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