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.
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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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