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Royce Micro-Cap Trust Inc - RMT STOCK NEWS

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.

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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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The Royce Funds announced that their Boards of Directors have adopted resolutions to subject the Funds to the Maryland Control Share Acquisition Act (MCSAA), effective immediately. This move protects stockholders by limiting voting rights for holders of 'control shares' unless approved by a two-thirds majority. The MCSAA provides a framework for stockholders to approve or deny voting rights for acquisitions surpassing specific thresholds. Acquisitions prior to January 25, 2021, are excluded from this definition.

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On December 1, 2020, Royce Micro-Cap Trust (NYSE: RMT) announced a quarterly distribution of $0.15 per share on its Common Stock, payable on December 24, 2020. Shareholders on record by December 11, 2020, will receive this amount, with an ex-dividend date of December 10, 2020. The Fund follows a 7% annual distribution policy based on the average net asset values, subject to Board discretion. Notably, the Fund has distributed more than its income and net realized gains, indicating that part of the distribution may be a return of capital.

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FAQ

What is the current stock price of Royce Micro-Cap Trust (RMT)?

The current stock price of Royce Micro-Cap Trust (RMT) is $9.65 as of December 23, 2024.

What is the market cap of Royce Micro-Cap Trust (RMT)?

The market cap of Royce Micro-Cap Trust (RMT) is approximately 488.1M.

What does Royce Micro-Cap Trust, Inc. specialize in?

Royce Micro-Cap Trust, Inc. specializes in investing in equity securities of micro-cap companies with market capitalizations of $750 million or less.

Who manages Royce Micro-Cap Trust, Inc.?

The fund is managed by Royce & Associates, a small-cap specialist with extensive experience in the sector.

What sectors does Royce Micro-Cap Trust, Inc. invest in?

RMT invests in a range of sectors including consumer discretionary, consumer staples, energy, healthcare, financials, industrials, IT, telecommunications, and materials.

What is the objective of Royce Micro-Cap Trust, Inc.?

The main objective of RMT is to achieve long-term capital growth by investing in micro-cap companies.

How often does Royce Micro-Cap Trust, Inc. distribute dividends?

RMT distributes dividends quarterly, with options for shareholders to receive the dividends in cash or additional shares of Common Stock.

What is the distribution policy of Royce Micro-Cap Trust, Inc.?

The fund aims to pay quarterly distributions at an annual rate of 7% of the rolling average of the prior four calendar quarter-end NAVs.

Can part of the distribution be a return of capital?

Yes, a portion of the distribution may be a return of capital, depending on the fund's income and net realized capital gains.

What are the latest distribution amounts declared by the fund?

Recent distributions include $0.17 per share in both September 2023 and March 2024, and $0.18 per share in June 2024.

Where are Royce Micro-Cap Trust, Inc. shares traded?

RMT shares are listed and traded on the New York Stock Exchange (NYSE).

How does Royce Micro-Cap Trust, Inc. ensure transparency?

The fund provides detailed information on its performance and distributions, including metrics like Average Annual Total Return, Cumulative Total Return, and Annualized Current Distribution Rate.

Royce Micro-Cap Trust Inc

NYSE:RMT

RMT Rankings

RMT Stock Data

488.07M
50.68M
0.19%
30.97%
0.04%
Asset Management
Financial Services
Link
United States of America
New York