Royce Small-Cap Trust, Inc. filings document proxy and governance disclosures for a diversified closed-end management investment company. Schedule 14A materials identify the fund as the registrant and provide the formal record for shareholder meeting matters, voting procedures, board oversight disclosures, and related governance information.
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.