Royce Small-Cap Trust, Inc. (NYSE-RVT) declares Third Quarter Common Stock Distribution of $0.28 Per Share

Rhea-AI Summary

Royce Small-Cap Trust (NYSE: RVT) has declared a quarterly distribution of $0.28 per share on its Common Stock, payable on September 23, 2024. The distribution follows the Fund's policy of paying quarterly distributions at an annual rate of 7% of the rolling average of prior four quarter-end NAVs. For the current distribution, 87% comes from net realized long-term gains, 13% from short-term gains, and a minimal amount from return of capital. The Fund's 5-year average annual total return is 11.95%, with a current annualized distribution rate of 6.36%. Year-to-date, RVT has achieved a cumulative total return of 11.51% and a cumulative fiscal year distribution rate of 4.71%.

Positive

• Quarterly distribution of $0.28 per share declared
• 5-year average annual total return of 11.95%
• Year-to-date cumulative total return of 11.51%
• 87% of distribution comes from net realized long-term gains

Negative

• Minimal portion of distribution (0.21%) classified as return of capital

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.28 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 September 23, 2024 to stockholders of record at the close of business on September 13, 2024 (ex-dividend on September 13, 2024). The price of shares issued for reinvestment will be determined on September 20, 2024.

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 estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The Fund's estimated sources of the distribution to be paid on September 23, 2024 and for 2024 year-to-date are as follows:

Estimated Allocations as of August 31, 2024
Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.28	$0.00 (0 %)	$0.0364 (13 %)	$0.2430 (87 %)	$0.0006 (0 %)

Estimated Allocations for 2024 through August 31, 2024
Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.83	$0.00 (0 %)	$0.1081 (13 %)	$0.7202 (87 %)	$0.0017 (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 8/31/2024)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2024)2	Cumulative Total Return (in relation to NAV for the fiscal year through 8/31/2024)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 8/31/2024)4
RVT	11.95 %	6.36 %	11.51 %	4.71 %

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 August 31, 2024. 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 annualized as a percentage of the Fund's NAV as of August 31, 2024.

³   Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2023 to August 31, 2024, 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, 2024 to August 31, 2024), as a percentage of the Fund's NAV as of August 31, 2024.

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.  Effective May 1, 2024, 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.

Contact: Peter Hoglund, (800) 348-1414

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SOURCE Royce Value Trust, Inc.

FAQ

What is the quarterly distribution amount for Royce Small-Cap Trust (RVT) in Q3 2024?

Royce Small-Cap Trust (RVT) has declared a quarterly distribution of $0.28 per share for the third quarter of 2024.

When is the ex-dividend date for RVT's Q3 2024 distribution?

The ex-dividend date for RVT's Q3 2024 distribution is September 13, 2024.

What is RVT's annualized current distribution rate as of August 31, 2024?

RVT's annualized current distribution rate is 6.36% as of August 31, 2024.

What is the 5-year average annual total return for RVT as of August 31, 2024?

RVT's 5-year average annual total return is 11.95% as of August 31, 2024.