Welcome to our dedicated page for Royce Small-Cap Trust SEC filings (Ticker: RVT), 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.
This page provides access to U.S. Securities and Exchange Commission filings for Royce Small-Cap Trust, Inc. (NYSE: RVT), a closed-end diversified management investment company with a stated objective of long-term capital growth. Through these filings, investors can review the fund’s regulatory disclosures, governance information, and details that complement its public distribution and performance announcements.
Royce Small-Cap Trust, Inc. files documents such as definitive proxy statements, which describe the structure and responsibilities of its Board of Directors, the classification of directors into staggered terms, and procedures for annual meetings and stockholder voting. For example, a definitive proxy statement outlines how the Board sets record dates, solicits proxies, and appoints inspectors and judges of voting, as well as how stockholders may authorize proxies by mail, telephone, or internet.
Other SEC reports, such as annual and periodic filings, typically contain information on the fund’s investment policies, risk disclosures, and portfolio characteristics. Public communications outside the SEC filings indicate that the fund invests at least 80% of its net assets in equity securities of small-cap companies under normal circumstances and that it has adopted a Distribution Policy tied to a percentage of its rolling average NAV. Filings give investors a formal, regulated view of how such policies are described within the framework of the Investment Company Act of 1940 and related rules.
On Stock Titan, these SEC filings are paired with AI-powered summaries that explain key sections in accessible language. Users can quickly identify items related to board elections, changes in investment policies, and other material updates, while still having the option to read the full original documents filed with the SEC.
Royce Small-Cap Trust, Inc. filed a Form N-CSR delivering its 2025 Certified Shareholder Report and the Royce Closed-End Funds 2025 Annual Review covering the period January 1, 2025–December 31, 2025. The filing includes the letter to stockholders, performance tables, schedules of investments, statements of assets and liabilities, and audited financial statements for the funds managed by Royce Investment Partners.
The report presents fund-level results and diagnostics: for example, Royce Small-Cap Trust NAV 1-year return 14.03%, Royce Micro-Cap Trust NAV 1-year return 16.57%, and Royce Global Trust NAV 1-year return 23.22%. It discloses portfolio holdings, top contributors/detractors, net assets, NAV per share, repurchase agreements, a managed distribution policy for Royce Micro-Cap and Royce Small-Cap Trusts, legal contingency disclosure tied to litigation that reached the U.S. Supreme Court, and related tax and cash-flow notes.
Royce Small-Cap Trust, Inc. reported an insider stock purchase by vice president Francis D. Gannon. On 12/17/2025, he bought 186 shares of common stock in a purchase transaction at $15.87 per share. After this trade, he directly beneficially owned 4,714 shares of the company’s stock.
Bank of America Corporation has updated its Schedule 13G/A reporting beneficial ownership of 5,845,361 shares of Royce Small-Cap Trust, Inc. common stock, representing 4.9% of the outstanding class as of September 30, 2025. Bank of America reports shared voting power over 49,955 shares and shared dispositive power over 5,845,361 shares, with no sole voting or dispositive power. The position is certified as being held in the ordinary course of business and not for the purpose of changing or influencing control of Royce Small-Cap Trust.
Bank of America Corporation filed an amended Schedule 13G reporting beneficial ownership in Royce Small‑Cap Trust, Inc. (RVT). The filing shows 4.9% of the class as of 09/30/2025, indicating a position below the 5% threshold for passive holders.
The report lists shared voting power of 49,955 shares and shared dispositive power of 5,845,361 shares, with no sole voting or dispositive power. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Christopher D. Clark, a director and officer of Royce Small-Cap Trust, Inc. (RVT), reported an open-market purchase of common stock on 08/26/2025. The Form 4 shows he acquired 1,300 shares at a price of $15.99 per share and, after the transaction, directly beneficially owned 40,622 shares. The filing identifies Clark as a Director and as an Officer with titles including President and CEO Investment Advisor. The report was filed as a single reporting person filing and contains no derivative transactions or additional disclosures.
The definitive proxy statement for Royce Small-Cap Trust, Inc. relates to the Annual Meeting of Stockholders to be held October 8, 2025 at Royce & Associates, LP in New York. Shareholders are asked to elect two directors, with the Board recommending Patricia W. Chadwick and Michael K. Shields, and to transact other routine business. The filing includes director biographies highlighting governance roles and financial-sector experience, an Audit Committee charter describing responsibilities (appointment and oversight of independent accountants, pre-approval of audit and non-audit services, oversight of financial reporting and whistleblower procedures), voting instructions (Internet, telephone, mail) and a detachable proxy card. Proxy materials are available at www.proxyvote.com.
Royce Small-Cap Trust, Inc. (RVT) – Form 4 insider transaction
On 26 June 2025, long-time portfolio manager and current Senior Advisor Charles M. Royce reported the sale of 21,735 RVT common shares at $14.96 per share (transaction code “S”). Gross proceeds are approximately $325 thousand.
Following the sale, Royce’s reported beneficial ownership stands at:
- 86,938 shares held indirectly via a family investment entity (in which he retains a substantial, but variable, pecuniary interest).
- 147,962 shares indirectly held through the Royce Charitable Trust.
- 100,491 shares held directly.
Total post-transaction beneficial holdings equal 335,391 shares, meaning the disposed block represents roughly 6-7 % of his reported ownership. No derivative transactions were disclosed and no 10b5-1 plan was indicated.
The filing is a routine Section 16 disclosure and does not reference any corporate events, earnings data, or strategic shifts at RVT. The magnitude of the sale is modest relative to Royce’s remaining stake and therefore has limited fundamental implication for RVT shareholders, but investors often monitor insider activity for sentiment clues.