Royce Small-Cap Trust, Inc. (NYSE: RVT) declares Third Quarter Common Stock Distribution of $0.33 Per Share

Rhea-AI Summary

Royce Small-Cap Trust (NYSE: RVT) declared a third-quarter 2026 common stock distribution of $0.33 per share, payable September 29, 2026 to shareholders of record and ex-dividend on September 11, 2026. Holders may elect cash or additional shares; reinvestment share price will be set on September 18, 2026.

According to Royce Small-Cap Trust, the fund follows a quarterly distribution policy targeting an annual rate of 7% of the rolling average of the prior four quarter-end NAVs. For this $0.33 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. Year-to-date through August 31, 2026, total distributions of $0.94 per share have the same estimated mix and also show no return of capital.

The fund reports a 5-year average annual total return on NAV of 8.72%, a current annualized distribution rate of 6.45% of NAV, a fiscal-year-to-date cumulative total return of 19.89%, and a cumulative fiscal-year distribution rate of 4.59% of NAV as of August 31, 2026.

Positive

• Quarterly distribution declared of $0.33 per share payable September 29, 2026
• Flexible payment options with shareholder election of cash or additional common shares
• 7% annual distribution policy based on rolling average of prior four quarter-end NAVs
• No return of capital in Q3 $0.33 distribution; 0% classified as capital return
• Year-to-date distributions of $0.94 per share through August 31, 2026, with 0% return of capital
• 5-year average annual total return on NAV of 8.72% as of August 31, 2026

Negative

• None.

News Explained

RVT has declared a distribution payable in cash or additional shares at the holder’s election; if shares are issued, the total share count rises and existing holders’ percentage ownership falls absent offsetting changes, with the reinvestment price set on September 18 and payment on September 29.

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NEW YORK, Sept. 1, 2026 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE: RVT) has declared a quarterly distribution of $0.33 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 29, 2026, to stockholders of record at the close of business on September 11, 2026 (ex-dividend on September 11, 2026). The price of shares issued for reinvestment will be determined on September 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 September 29, 2026 and for 2026 year-to-date are as follows

Estimated Allocations as of August 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.33	$0.0022 (1 %)	$0.0727 (22 %)	$0.2551 (77 %)	$0.00 (0 %)

Estimated Allocations for 2026 through August 31, 2026

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.94	$0.0063 (1 %)	$0.2070 (22 %)	$0.7267 (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 8/31/2026)1	Annualized Current Distribution Rate (as a percentage of NAV as of 8/31/2026)2	Cumulative Total Return (in relation to NAV for the fiscal year through 8/31/2026)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 8/31/2026)4
RVT	8.72 %	6.45 %	19.89 %	4.59 %

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, 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 dollar value of the distribution for the current fiscal period, annualized as a percentage of the Fund's NAV as of August 31, 2026.

³ The Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2025 to August 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 August 31, 2026), as a percentage of the Fund's NAV as of August 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.

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SOURCE Royce Small Cap Trust

FAQ

What is the Q3 2026 distribution declared by Royce Small-Cap Trust (NYSE: RVT)?

Royce Small-Cap Trust declared a third-quarter 2026 distribution of $0.33 per share on its common stock. According to Royce Small-Cap Trust, shareholders can elect to receive this distribution in cash or additional shares, subject to individual elections and plan terms.

When are the record date, ex-dividend date, and payment date for RVT's $0.33 Q3 2026 distribution?

The record and ex-dividend date are September 11, 2026, and payment is on September 29, 2026. According to Royce Small-Cap Trust, the price for reinvested shares in its distribution reinvestment plan will be determined on September 18, 2026.

How is the September 29, 2026 RVT $0.33 distribution sourced between income and gains?

The $0.33 distribution is estimated as 1% net investment income, 22% net realized short-term gains, and 77% net realized long-term gains. According to Royce Small-Cap Trust, 0% is estimated as return of capital for this specific quarterly payment.

What are the 2026 year-to-date distribution sources for Royce Small-Cap Trust (RVT) through August 31, 2026?

Year-to-date distributions total $0.94 per share, estimated as 1% net investment income, 22% short-term gains, and 77% long-term gains. According to Royce Small-Cap Trust, none of these 2026 distributions are currently estimated as return of capital through August 31, 2026.

What is RVT's distribution policy and annualized distribution rate as of August 31, 2026?

RVT targets annual distributions equal to 7% of the rolling average of the prior four quarter-end NAVs. According to Royce Small-Cap Trust, the annualized current distribution rate is 6.45% of NAV as of August 31, 2026, based on the current fiscal-period distribution.

How does Royce Small-Cap Trust's 5-year return compare with its current distribution rate (RVT)?

RVT reports a 5-year average annual total return on NAV of 8.72% and a current annualized distribution rate of 6.45%. According to Royce Small-Cap Trust, these figures are calculated relative to NAV as of August 31, 2026, and assume reinvested distributions.

Is any part of Royce Small-Cap Trust's Q3 2026 RVT distribution classified as return of capital?

For the September 29, 2026 $0.33 distribution, 0% is estimated as return of capital. According to Royce Small-Cap Trust, all estimated sources are net investment income and realized capital gains, though final tax classifications will be reported on Form 1099-DIV.