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 $0.21 per share on its Common Stock, payable on September 24, 2021, to stockholders of record as of September 13, 2021. This aligns with its 7% annual distribution policy based on the rolling average of the prior four quarter-end net asset values (NAVs). The distribution may include a return of capital, which does not reflect the fund's performance. The fund's estimated allocations show that a portion of the distribution is derived from realized gains.
Royce Micro-Cap Trust (NYSE-RMT) has announced a quarterly distribution of $0.19 per share on its Common Stock, payable on June 25, 2021, to stockholders of record as of June 11, 2021. This continues the Fund's policy of distributing an annual rate of 7% based on the average of the previous four quarter-end net asset values. A portion of the distribution may be a return of capital. The estimated allocations indicate that the distribution includes both short-term and long-term gains.
Royce Micro-Cap Trust, Inc. (NYSE: RMT) has announced a quarterly distribution of $0.16 per share on its Common Stock, payable on March 24, 2021. Stockholders of record by March 11, 2021 will receive this distribution. The fund maintains a 7% annual distribution policy based on the average of the previous four quarter-end net asset values (NAVs). As of February 28, 2021, the fund's average annual total return over five years was 20.81% with a current distribution rate of 4.72%.
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