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 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.
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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.
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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.
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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%.
Royce Value Trust (NYSE-RVT) declared a quarterly distribution of $0.25 per share on its Common Stock, payable on September 25, 2020. This distribution, which can be received in cash or additional shares, targets stockholders of record by September 11, 2020. The Trust maintains a 7% annual distribution policy based on average NAV. However, a portion may be a return of capital, indicating that some funds returned to investors might not represent investment performance. The current distribution includes 78% from realized long-term gains.