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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 cash distribution of $0.23 per share, payable on June 24, 2022, to stockholders on record as of June 13, 2022. The fund maintains a 7% annual distribution policy based on rolling average net asset values. The current distribution may include a return of capital, which is not indicative of fund performance. For 2022, total estimated distributions per share are $0.46, with 8.63% as the annualized current distribution rate as of May 31, 2022.
Royce Micro-Cap Trust (NYSE-RMT) announced a quarterly distribution of $0.23 per share, payable in cash or additional shares. This distribution will be made on March 24, 2022, to shareholders of record as of March 11, 2022. The Fund follows a 7% annual distribution policy based on the four-quarter average net asset values (NAVs). As of February 28, 2022, the estimated sources for this distribution include a return of capital, as it has distributed more than its income and net capital gains.
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