Royce Small-Cap Trust, Inc. (NYSE-RVT) declares Third Quarter Common Stock Distribution of $0.29 Per Share

Rhea-AI Summary

Royce Small-Cap Trust (NYSE:RVT) has announced a quarterly distribution of $0.29 per share on its Common Stock, payable on September 25, 2025, to stockholders of record as of September 12, 2025. 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.

The distribution sources include 90% from net realized long-term gains, 6% from net realized short-term gains, and 4% from net investment income. The Fund has demonstrated strong performance with a 5-year average annual total return of 11.76% and a cumulative total return of 10.17% for the fiscal year through August 31, 2025.

Positive

• Strong 5-year average annual total return of 11.76%
• Healthy quarterly distribution of $0.29 per share representing a 6.45% annualized rate
• Distribution fully covered by gains and income with no return of capital
• Solid fiscal year performance with 10.17% cumulative total return

Negative

• None.

NEW YORK, Sept. 3, 2025 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.29 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 25, 2025, to stockholders of record at the close of business on September 12, 2025 (ex-dividend on September 12, 2025).  The price of shares issued for reinvestment will be determined on September 19, 2025.

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 September 25, 2025 and for 2025 year-to-date are as follows

Estimated Allocations as of August 31, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.29	$0.0106 (4 %)	$0.0193 (6 %)	$0.2601 (90 %)	$0.00 (0 %)

Estimated Allocations for 2025 through August 31, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.88	$0.0322 (4 %)	$0.0585 (6 %)	$0.7893 (90 %)	$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 8/31/2025)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2025)2	Cumulative Total Return (in relation to NAV for the fiscal year through 8/31/2025)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 8/31/2025)4
RVT	11.76 %	6.45 %	10.17 %	4.89 %

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, 2025.  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, 2025.

³   Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2024 to August 31, 2025 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, 2025 to August 31, 2025), as a percentage of the Fund's NAV as of August 31, 2025.

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.

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SOURCE Royce Small Cap Trust

FAQ

What is RVT's latest dividend amount and when will it be paid?

Royce Small-Cap Trust (RVT) declared a quarterly dividend of $0.29 per share, payable on September 25, 2025, to stockholders of record as of September 12, 2025.

What is the source of RVT's current distribution?

The distribution consists of 90% from net realized long-term gains, 6% from net realized short-term gains, and 4% from net investment income, with no return of capital.

What is RVT's distribution policy?

RVT pays quarterly distributions at an annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs).

How has RVT performed over the past 5 years?

RVT has achieved an average annual total return of 11.76% in relation to NAV for the five-year period ending August 31, 2025.

What is RVT's current distribution yield?

RVT's annualized current distribution rate is 6.45% of NAV as of August 31, 2025.