Welcome to our dedicated page for ROYCE MICRO-CAP TRUST SEC filings (Ticker: RMT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Royce Micro-Cap Trust, Inc. filings document the proxy and governance record of a closed-end diversified management investment company with common stock listed on the New York Stock Exchange. Its definitive proxy materials provide the formal notice for the annual meeting of stockholders and the Schedule 14A framework for stockholder voting.
The filing record centers on annual-meeting materials, registrant-filed proxy statements, common stockholder participation, and governance disclosures associated with the Fund’s public-company obligations.
Royce Micro-Cap Trust, Inc. is calling an Annual Meeting of stockholders for October 7, 2026, at its offices in New York. Stockholders of record at the close of business on August 5, 2026 are entitled to vote, with one vote per share of common stock.
The only proposal is to elect two Class III directors, Christopher D. Clark (interested director and President/CEO of the adviser) and Christopher C. Grisanti (lead independent director), each for a three-year term expiring at the 2029 annual meeting. The six-member Board currently includes five independent directors and oversees 15 portfolios in The Royce Funds complex.
The Audit Committee, made up entirely of independent directors, reviewed the 2025 audit by PricewaterhouseCoopers LLP and recommended inclusion of the audited financial statements in the 2025 annual report. Audit fees for 2025 were $43,490, and tax-related fees were $11,854. As of the record date, there were 54,191,506 shares outstanding; a Schedule 13D/A filing reports Saba Capital Management beneficially owning 3,786,726 shares, and a Schedule 13G filing reports Morgan Stanley beneficially owning 3,092,401 shares. Directors and officers as a group own less than 1% of shares. The Board recommends a vote in favor of all director nominees.
Royce Micro-Cap Trust, Inc. received an updated ownership report from Morgan Stanley and Morgan Stanley Smith Barney LLC regarding their holdings of the company’s common stock (CUSIP 780915104).
Morgan Stanley reports beneficial ownership of 2,558,877 shares, representing 4.8% of the class, with 0 sole voting and dispositive power and only shared powers. Morgan Stanley Smith Barney LLC reports beneficial ownership of 2,535,721 shares, representing 4.7% of the class, also with no sole voting or dispositive power and minimal shared voting power.
Both entities state that, as of the reporting date, each has ceased to be the beneficial owner of more than five percent of Royce Micro-Cap Trust’s common stock. The disclosure applies to specified Morgan Stanley reporting units, not necessarily all Morgan Stanley affiliates.
Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein report beneficial ownership of 3,786,726 common shares of Royce Micro-Cap Trust, Inc., representing 7.08% of the outstanding common shares.
The reported position is held with shared voting and dispositive power and no sole authority. Percentages are based on 53,478,521 common shares outstanding as of 12/31/25, as disclosed in the issuer’s N-CSR filed 2/27/26. Approximately $40,072,542 was paid to acquire the reported shares, using investor subscription proceeds, related capital appreciation and ordinary-course margin account borrowings.
The common shares are held in funds and accounts advised by Saba Capital, which are entitled to dividends and sale proceeds. This Amendment No. 2 amends Items 3, 5, and 7 and reflects additional open‑market transactions described in Schedule A.
Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein filed Amendment No. 1 to a Schedule 13D reporting beneficial ownership of 3,252,976 Royce Micro-Cap Trust, Inc. common shares, representing 6.08% of the outstanding shares based on 53,478,521 shares outstanding as of December 31, 2025.
The reporting persons hold only shared voting and dispositive power over these shares and state that approximately $32,550,536 was paid to acquire them, funded by investor subscription proceeds, capital appreciation and ordinary-course margin borrowings. Recent transactions over the 60 days prior to June 24, 2026 were executed in the open market as described in an attached schedule.
ROYCE MICRO-CAP TRUST, INC. president Christopher D. Clark made an open-market purchase of 3,600 shares of Common Stock at $14.12 per share. This transaction increases his direct holdings to 73,319 shares, signaling a modest addition to his personal stake in the fund.
ROYCE MICRO-CAP TRUST, INC. Secretary John E. Denneen reported an open-market purchase of 4,000 shares of Common Stock at a price of $13.70 per share. Following this transaction, he directly owns 12,232 shares of the company’s common stock.
ROYCE MICRO-CAP TRUST, INC. secretary John E. Denneen made an open-market purchase of 3,249 shares of Common Stock at $13.97 per share. After this transaction, he directly holds a total of 8,232 shares, indicating a modest increase in his personal stake.
ROYCE MICRO-CAP TRUST, INC. president and director Christopher D. Clark made an open-market purchase of 6,500 shares of the company’s common stock. The shares were bought at a price of $11.48 per share. Following this transaction, his directly owned stake increased to 68,648 common shares.
Royce Micro-Cap Trust, Inc. reported that President and director Christopher D. Clark made an open-market purchase of 6,500 shares of the company’s Common Stock at a price of $11.48 per share. Following this transaction, he directly holds 68,648 shares of Common Stock.
RMT submitted a Form N-CEN annual report for a registered investment company, providing fund-level operational disclosures required by the Investment Company Act of 1940.
The filing lists aggregate brokerage commissions paid of $1,198,186.46 during the reporting period and identifies principal transactions with a largest reported dealer turnover of $2,814,934,123.59.