Royce Small-Cap Trust, Inc. (NYSE-RVT) declares Second Quarter Common Stock Distribution of $0.31 Per Share

Royce Small-Cap Trust (NYSE:RVT) declared a second-quarter common stock distribution of $0.31 per share, payable June 29, 2026, to shareholders of record and ex-dividend on June 11, 2026.

Rhea-AI Summary

Royce Small-Cap Trust (NYSE:RVT) declared a second-quarter common stock distribution of $0.31 per share, payable June 29, 2026, to shareholders of record and ex-dividend on June 11, 2026. Holders may receive cash or shares, with reinvestment pricing set on June 18, 2026.

The fund’s distribution policy targets 7% annually of the rolling average of the prior four quarter-end NAVs. For this distribution, estimated sources are 1% net investment income, 22% net realized short-term gains, and 77% net realized long-term gains, with no return of capital.

Positive

• Quarterly common distribution of $0.31 per share payable June 29, 2026
• Flexible option to receive distribution in cash or additional common shares
• Distribution policy targets 7% annual rate of rolling four-quarter average NAV
• Estimated no return of capital in 2026 distributions through May 31, 2026
• Five-year average annual total return on NAV of 8.10%
• Fiscal year-to-date cumulative NAV total return of 16.94% through May 31, 2026

Negative

• Net investment income contributes only 1% of 2026 distributions through May 31, 2026

Argus Jun 1 session

-0.92% close to close Open Argus

Details

News Market Reaction – RVT

In the Jun 1 session, RVT declined 0.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a Q2 distribution of $0.31 per share under RVT’s managed 7% of rolling NAV...

Analysis

This announcement details a Q2 distribution of $0.31 per share under RVT’s managed 7% of rolling NAV policy, with most of the payout currently estimated as long-term capital gains. Context from recent filings shows a 5-year average annual total return of 8.10% and a fiscal year NAV gain of 16.94% through May 31, 2026. Investors may watch how future performance supports the 6.11% annualized distribution rate and any changes the Board might make to the policy.

Key Figures

Q2 2026 distribution: $0.31 per share Distribution policy rate: 7% of rolling four-quarter NAV Source – LT gains: $0.2373 (77%) +5 more

Q2 2026 distribution

$0.31 per share

Quarterly common stock distribution payable June 29, 2026

Distribution policy rate

7% of rolling four-quarter NAV

Target annual distribution rate on common stock

Source – LT gains

$0.2373 (77%)

Estimated long-term capital gains portion of $0.31 Q2 distribution

YTD 2026 distributions

$0.61 per share

Total distributions through May 31, 2026

5-year avg total return

8.10%

Average annual total return at NAV, 5-year period to May 31, 2026

Annualized distribution rate

6.11%

Annualized current distribution rate vs NAV as of May 31, 2026

Cumulative total return

16.94%

NAV total return from Dec 31, 2025 to May 31, 2026

Cumulative FY distribution rate

3.00%

Distribution as % of NAV for fiscal year to May 31, 2026

Historical Context

5 past events · Latest: May 20

5 events

1. May 20

   Monthly fund update

   24h Move

   +1.7%

   Reported April 30 NAV, market price, returns, and sector allocations.

2. May 04

   Quarter-end data

   24h Move

   -0.9%

   Released March 31 NAV, market price, one-year returns, and net assets.

3. Mar 25

   Monthly performance

   24h Move

   -2.8%

   Shared Feb 28 NAV, market price, portfolio metrics, and trading volume.

4. Mar 02

   Dividend declaration

   24h Move

   +1.3%

   Declared $0.30 Q1 2026 distribution under 7% managed policy.

5. Feb 27

   Monthly fund update

   24h Move

   -1.6%

   Reported Jan 31 NAV, market price, one-year returns, and sector mix.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net asset values, return of capital, average annual total return, cumulative total return, +2 more

6 terms

net asset values financial

"annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs)"

Net asset values (NAV) measure how much each share of an investment fund is worth by subtracting what the fund owes from what it owns and dividing the remainder by the number of shares. Think of it like a household’s net worth split among family members. Investors use NAV to see a fund’s current value per share, to track performance over time, and as the price for buying or selling shares in many pooled investments.

return of capital financial

"Net Realized Long-Term Gains | Return of Capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

average annual total return financial

"Average Annual Total Return (in relation to NAV for the 5-year period ending on 5/31/2026)"

Average annual total return is the single yearly rate of return that, when applied each year, would grow an investment from its starting value to its ending value over a given period while including both price changes and any dividends or distributions. Investors use it to compare how different assets performed on a level playing field across time; think of it like the average speed of a trip that accounts for all stops and detours so you can fairly compare routes.

cumulative total return financial

"Cumulative Total Return (in relation to NAV for the fiscal year through 5/31/2026)"

Cumulative total return measures how much an investment has grown over a set period after accounting for both changes in price and any income paid out, like dividends or interest, assuming those payouts are reinvested. Think of it as the size of a cake after you’ve added new slices back into it: it shows the full, compounded gain rather than just the change in sticker price, helping investors compare true long‑term performance across assets.

distribution policy financial

"The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock."

A distribution policy is a company’s formal approach to returning cash or other value to shareholders—typically through dividends, share buybacks, or occasional special payments. Like a household deciding how much of its income to save versus spend, this policy tells investors how much income to expect, how predictable those payments are, and how the company balances rewarding owners with keeping money for growth, which affects yield, share price stability, and investor confidence.

ex-dividend financial

"to stockholders of record at the close of business on June 11, 2026 (ex-dividend on June 11, 2026)."

Ex-dividend describes a stock trading without the right to receive the next scheduled dividend payment; if you buy the share on or after the ex-dividend date, the upcoming payout goes to the seller instead of you. It matters to investors because the stock price typically adjusts to reflect that lost payout, so understanding the ex-dividend date helps decide whether a trade will capture the dividend and can affect short-term price moves and tax or income strategies.

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NEW YORK, June 1, 2026 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.31 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on June 29, 2026, to stockholders of record at the close of business on June 11, 2026 (ex-dividend on June 11, 2026). The price of shares issued for reinvestment will be determined on June 18, 2026.

The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.

The Fund's estimated sources of the distribution to be paid on June 29, 2026 and for 2026 year-to-date are as follows

Estimated Allocations as of May 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.31	$0.003 (1 %)	$0.0697 (22 %)	$0.2373 (77 %)	$0.00 (0 %)

Estimated Allocations for 2026 through May 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.61	$0.006 (1 %)	$0.1371 (22 %)	$0.4669 (77 %)	$0.00 (0 %)

You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund	Average Annual Total Return (in relation to NAV for the 5-year period ending on 5/31/2026)1	Annualized Current Distribution Rate (as a percentage of NAV as of 5/31/2026)2	Cumulative Total Return (in relation to NAV for the fiscal year through 5/31/2026)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 5/31/2026)4
RVT	8.10 %	6.11 %	16.94 %	3.00 %

¹ Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended May 31, 2026. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.

² The Annualized Current Distribution Rate is the current fiscal period's distribution rate is the dollar value annualized as a percentage of the Fund's NAV as of May 31, 2026.

³ Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2025 to May 31, 2026, assuming reinvestment of distributions paid.

⁴ The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2026 to May 31, 2026), as a percentage of the Fund's NAV as of May 31, 2026.

About Royce Small-Cap Trust, Inc.

Royce Small-Cap Trust, Inc. (the "Fund") is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the New York Stock Exchange. The Fund's primary investment goal is long-term capital growth. The Fund invests at least 80% of its net assets in equity securities of small-cap companies (i.e., those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution) under normal circumstances.

View original content:https://www.prnewswire.com/news-releases/royce-small-cap-trust-inc-nyse-rvt-declares-second-quarter-common-stock-distribution-of-0-31-per-share-302787376.html

SOURCE Royce Small Cap Trust

FAQ

What dividend did Royce Small-Cap Trust (NYSE:RVT) declare for Q2 2026?

Royce Small-Cap Trust declared a $0.31 per share quarterly distribution for Q2 2026. According to Royce Small-Cap Trust, shareholders can elect to receive this amount in cash or additional common shares, with payment scheduled for June 29, 2026, to holders of record on June 11.

When is the record date and ex-dividend date for RVT’s $0.31 distribution in June 2026?

The record and ex-dividend date for RVT’s $0.31 distribution is June 11, 2026. According to Royce Small-Cap Trust, shareholders of record that day will receive payment on June 29, 2026, with the reinvestment share price determined on June 18, 2026.

What is Royce Small-Cap Trust’s distribution policy and annual rate for RVT?

Royce Small-Cap Trust’s policy pays quarterly distributions totaling an annual rate of 7% of rolling average NAV. According to Royce Small-Cap Trust, the average uses the prior four calendar quarter-end NAVs, and the fourth-quarter payout must meet at least 1.75% or IRS minimum distribution requirements.

How is RVT’s June 29, 2026 $0.31 distribution estimated to be sourced?

The $0.31 distribution is estimated to come 1% from net investment income and 99% from realized gains. According to Royce Small-Cap Trust, about 22% reflects net realized short-term gains and 77% net realized long-term gains, with no estimated return of capital.

What are RVT’s recent performance and distribution rates based on NAV?

RVT reports a five-year average annual total return on NAV of 8.10% and an annualized distribution rate of 6.11%. According to Royce Small-Cap Trust, fiscal year-to-date through May 31, 2026, cumulative NAV total return is 16.94%, with a 3.00% cumulative fiscal-year distribution rate.

What are the year-to-date 2026 estimated sources of RVT distributions as of May 31, 2026?

Year-to-date 2026 distributions of $0.61 per share are estimated 1% from net investment income and 99% from realized gains. According to Royce Small-Cap Trust, about 22% is net realized short-term gains, 77% net realized long-term gains, and no portion is return of capital.