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 closed-end investment company specializing in microcap equities across diverse sectors. This news hub provides investors and analysts with centralized access to official press releases, financial disclosures, and market-related updates from the Trust.
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Key updates cover dividend declarations, NAV changes, sector allocation shifts, and management commentary. All content is sourced directly from regulatory filings and company communications to ensure accuracy and timeliness.
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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.
Royce Micro-Cap Trust (NYSE: RMT) declares a quarterly distribution of $0.15 per share, payable on September 25, 2020, to stockholders of record by September 11, 2020. This distribution follows a policy of 7% annual payouts based on the previous four quarters' net asset values. Notably, the fund has indicated it may distribute more than its income and gains, suggesting a portion of the distribution could be a return of capital. Current estimates show that for 2020, the distribution consists of 0% net investment income and 79% in long-term gains.
Royce Micro-Cap Trust (NYSE: RMT) announced that stockholders approved a new investment advisory agreement with Royce Investment Partners during a Special Meeting held on July 14, 2020. The new agreement aims to enhance management without increasing the advisory fee, ensuring continuity in portfolio management and investment strategy. This change will take effect after Franklin Resources, Inc. acquires Legg Mason, Royce's indirect parent company. The Fund, focused on long-term capital growth through micro-cap equity investments, is committed to maintaining its core investment objectives.
