Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares First Quarter Common Stock Distribution of $0.19 Per Share

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE:RMT) has announced a quarterly distribution of $0.19 per share on its Common Stock, payable on March 26, 2025, to stockholders of record as of March 13, 2025.

The distribution can be received in either additional shares of Common Stock or cash, based on stockholder preference. The share price for reinvestment will be determined on March 20, 2025.

The Fund maintains a Distribution Policy of quarterly distributions at an annual rate of 7% of the rolling average of the prior four quarter-end NAVs. The fourth quarter distribution is set at the greater of 1.75% of the rolling average or the minimum IRS-required distribution. This policy, including the annual rate, may be modified at the Board's discretion.

Positive

• Consistent quarterly dividend payment maintained
• Flexible distribution options (cash or stock) for shareholders
• 7% annual distribution rate based on rolling NAV average

Negative

• None.

News Market Reaction

-2.80%

1 alert

-2.80% News Effect

On the day this news was published, RMT declined 2.80%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, March 3, 2025 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.19 per share on its Common Stock.  The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on March 26, 2025, to stockholders of record at the close of business on March 13, 2025 (ex-dividend on March 13, 2025).  The price of shares issued for reinvestment will be determined on March 20, 2025.

The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.

The Fund's estimated sources of the distribution to be paid on March 26, 2025 and for 2025 year-to-date are as follows

Estimated Allocations as of February 28, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.19	$0.00 (0 %)	$0.0356 (19 %)	$0.1544 (81 %)	$0.00 (0 %)

 

Estimated Allocations for 2025 through February 28, 2025

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RMT	$0.19	$0.00 (0 %)	$0.0356 (19 %)	$0.1544 (81 %)	$0.00 (0 %)

You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy.  The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund	Average Annual Total Return (in relation to NAV for the 5-year period ending on 2/28/2025)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 2/28/2025)2	Cumulative Total Return (in relation to NAV for the fiscal year through 2/28/2025)3	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 2/28/2025)4
RMT	12.77 %	7.26 %	-4.64 %	1.81 %

¹    Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended February 28, 2025.  Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.

² The Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of February 28, 2025.

³   Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2024 to February 28, 2025, assuming reinvestment of distributions paid.

⁴   The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2025 to February 28, 2025), as a percentage of the Fund's NAV as of February 28, 2025.

About Royce Micro-Cap Trust, Inc.

Royce Micro-Cap Trust, Inc. (the "Fund") is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalizations of $750 million or less. 

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SOURCE Royce Micro-Cap Trust, Inc.

FAQ

What is the quarterly dividend amount for Royce Micro-Cap Trust (RMT) in Q1 2025?

RMT declared a quarterly dividend of $0.19 per share for Q1 2025.

When is the ex-dividend date for RMT's Q1 2025 distribution?

The ex-dividend date is March 13, 2025.

What is RMT's current distribution policy?

RMT pays quarterly distributions at 7% annual rate of the rolling average of prior four quarter-end NAVs.

How can shareholders receive their RMT Q1 2025 distribution?

Shareholders can receive the distribution either in additional shares of Common Stock or in cash by specific election.