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 (RVT) provides focused exposure to small-cap equities through its closed-end fund structure. This news hub aggregates all official corporate communications and market-relevant updates for investors tracking this specialized investment vehicle.
Access timely press releases covering quarterly earnings, portfolio rebalancing decisions, and strategic initiatives across RVT's diversified sectors including healthcare, technology, and financial services. Our curated collection serves as a centralized source for understanding the fund's capital allocation strategies and risk management approaches.
Key updates include dividend declarations, NAV adjustments, sector weighting changes, and management commentary. Bookmark this page for streamlined monitoring of RVT's market positioning within the small-cap investment landscape.
Royce Value Trust (NYSE-RVT) announced a quarterly distribution of $0.26 per share, payable on March 24, 2021. Shareholders can choose to receive distributions in cash or reinvest them in additional shares. This distribution is based on a policy paying an annual rate of 7% of the rolling average net asset values (NAVs). As of February 28, 2021, the Fund reported a cumulative total return of 9.77% for the fiscal year and an average annual return of 18.82% over the past five years.
The Royce Funds announced that their Boards of Directors have adopted resolutions to subject the Funds to the Maryland Control Share Acquisition Act (MCSAA), effective immediately. This move protects stockholders by limiting voting rights for holders of 'control shares' unless approved by a two-thirds majority. The MCSAA provides a framework for stockholders to approve or deny voting rights for acquisitions surpassing specific thresholds. Acquisitions prior to January 25, 2021, are excluded from this definition.
Royce Value Trust (NYSE-RVT) has announced a quarterly distribution of $0.25 per share, payable on December 24, 2020, to stockholders of record on December 11, 2020. The distribution rate is based on 7% of the rolling average of prior four quarter-end NAVs. A significant portion of the distribution may be a return of capital, indicating that some of the investment is being returned to stockholders. For 2020, the estimated distribution allocations include $0.2245 from long-term gains, constituting 90% of the total distribution.
Royce Value Trust, the oldest and largest small-cap closed-end fund, reported a NAV of 15.68 and a market price of 13.55 as of August 31, 2020. The fund averages a weekly trading volume of over 1 million shares, managed by an adviser with over 40 years of experience in small- and micro-cap investments. The fund holds approximately $1.58B in net assets, with notable positions in sectors like Information Technology (23.7%) and Industrials (23.1%). Despite a -0.34% year-to-date return in NAV, the one-year return stands at 12.25%.
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