Welcome to our dedicated page for Royce Micro Cap Trust news (Ticker: RMT), a resource for investors and traders seeking the latest updates and insights on Royce Micro Cap Trust stock.
Royce Micro-Cap Trust, Inc. (RMT) is a diversified closed-end investment company specializing in micro-cap securities. Established to achieve long-term capital growth, the company focuses on investing in equity securities of companies with market capitalizations of $750 million or less at the time of investment. RMT's investment approach spans multiple sectors, including consumer discretionary, consumer staples, energy, healthcare, financials, industrials, IT, telecommunications, and materials.
The company is managed by Royce & Associates, a renowned small-cap specialist with deep expertise in the sector. Royce & Associates offers distinct investment approaches tailored to meet various investor goals. RMT's strategy involves high diversification across multiple industries, which helps mitigate risks associated with investing in smaller companies.
RMT has consistently demonstrated its commitment to its shareholders through regular distributions. For instance, the fund has declared quarterly distributions, which are optionally payable in additional shares of Common Stock or in cash based on specific stockholder elections. Recent distributions include $0.17 per share in both September 2023 and March 2024, and $0.18 per share in June 2024. These distributions are part of the fund's policy of paying quarterly distributions at an annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs).
It’s important to note that a portion of these distributions may be a return of capital, depending on the fund's income and net realized capital gains. This return may return some or all of the money that investors have put into the fund, which does not necessarily reflect the fund's investment performance.
Royce Micro-Cap Trust maintains a strong emphasis on transparency and shareholder communication. The fund provides detailed information on its performance and distributions, helping investors make informed decisions. For example, the fund reports on key metrics such as Average Annual Total Return in relation to NAV, Cumulative Total Return, and Annualized Current Distribution Rate.
Overall, RMT represents a unique investment opportunity for those looking to capitalize on the growth potential of micro-cap companies while benefiting from a diversified portfolio managed by seasoned experts. The fund's consistent performance and strategic distributions make it a compelling choice for long-term investors.
Royce Micro-Cap Trust (NYSE-RMT) announced a quarterly distribution of $0.18 per share for Q2 2024, payable either in cash or additional common stock. The payment date is June 24, 2024, with a record date of June 13, 2024. The fund's annual distribution rate is 7% of the rolling average NAV of the prior four quarters. The sources of the distribution are 34% from short-term gains and 66% from long-term gains. For the fiscal year through May 31, 2024, RMT reported a total distribution per share of $0.35 and a fund performance return of 13.87% over the last five years. The policy and annual rate may be revised at the fund board's discretion.
Royce Micro-Cap Trust (NYSE: RMT) reported an average weekly trading volume of 549,219 shares as of April 30, 2024.
The fund's net asset value (NAV) was $10.21, while the market price stood at $8.88. The year-to-date return was -0.64% for NAV and -2.08% for the market price. The one-year return was 17.80% for NAV and 16.72% for the market price.
With net assets of $512.5 million, the fund invests primarily in equity securities of micro-cap companies with market capitalizations of $1 billion or less.
The top five sectors were Information Technology (23.2%), Industrials (21.9%), Financials (16.0%), Health Care (10.7%), and Materials (7.9%).
Past performance is not indicative of future results, and micro-cap investments involve higher risks. Daily NAVs are available on Royce's website.
Royce Micro-Cap Trust (NYSE: RMT) as of Mar 31, 2024, reported an average weekly trading volume of approximately 538,245 shares. The fund's adviser boasts over 50 years of small- and micro-cap investment experience. The closing prices as of 03/31/24 indicated a NAV of 10.75 and MKT of 9.45. The average annual total return as of 03/31/24 showed positive growth across different timeframes, with the one-year return at 18.85% for NAV and 16.99% for MKT. The fund's portfolio diagnostics highlighted key metrics such as an average market cap of $769.4M, a weighted average P/B of 2.0x, and net assets totaling $539.4M.
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