Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares First Quarter Common Stock Distribution of $0.19 Per Share
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.
Royce Micro-Cap Trust (NYSE:RMT) ha annunciato una distribuzione trimestrale di $0,19 per azione sul suo capitale comune, che sarà pagata il 26 marzo 2025, agli azionisti registrati al 13 marzo 2025.
La distribuzione può essere ricevuta in ulteriori azioni di capitale comune o in contante, a seconda della preferenza degli azionisti. Il prezzo delle azioni per il reinvestimento sarà determinato il 20 marzo 2025.
Il Fondo mantiene una Politica di Distribuzione di distribuzioni trimestrali a un tasso annuo del 7% della media mobile dei NAV di fine trimestre dei quattro trimestri precedenti. La distribuzione del quarto trimestre è fissata al maggiore tra l'1,75% della media mobile o la distribuzione minima richiesta dall'IRS. Questa politica, incluso il tasso annuo, può essere modificata a discrezione del Consiglio.
Royce Micro-Cap Trust (NYSE:RMT) ha anunciado una distribución trimestral de $0.19 por acción sobre su capital común, que se pagará el 26 de marzo de 2025, a los accionistas registrados al 13 de marzo de 2025.
La distribución puede recibirse en acciones adicionales de capital común o en efectivo, según la preferencia de los accionistas. El precio de las acciones para reinversión se determinará el 20 de marzo de 2025.
El Fondo mantiene una Política de Distribución de distribuciones trimestrales a un tasa anual del 7% del promedio móvil de los NAV de fin de trimestre de los cuatro trimestres anteriores. La distribución del cuarto trimestre se establece en el mayor de 1.75% del promedio móvil o la distribución mínima requerida por el IRS. Esta política, incluido el tipo anual, puede ser modificada a discreción de la Junta.
로이스 마이크로캡 트러스트 (NYSE:RMT)가 주당 $0.19의 분기 배당금을 발표했습니다. 이 배당금은 2025년 3월 26일에 지급되며, 2025년 3월 13일 기준 주주에게 지급됩니다.
주주 선호에 따라 배당금은 추가 보통주 또는 현금으로 받을 수 있습니다. 재투자를 위한 주가는 2025년 3월 20일에 결정됩니다.
펀드는 지난 4개 분기 말 NAV의 이동 평균의 연율 7%로 분기 배당금을 유지하는 배당 정책을 가지고 있습니다. 4분기 배당금은 이동 평균의 1.75% 또는 IRS에서 요구하는 최소 배당금 중 더 큰 금액으로 설정됩니다. 이 정책은 연율을 포함하여 이사회 재량에 따라 수정될 수 있습니다.
Royce Micro-Cap Trust (NYSE:RMT) a annoncé une distribution trimestrielle de 0,19 $ par action sur ses actions ordinaires, payable le 26 mars 2025, aux actionnaires enregistrés au 13 mars 2025.
La distribution peut être reçue sous forme d'actions ordinaires supplémentaires ou en espèces, selon la préférence des actionnaires. Le prix des actions pour la réinvestissement sera déterminé le 20 mars 2025.
Le Fonds maintient une Politique de Distribution de distributions trimestrielles à un taux annuel de 7% de la moyenne mobile des NAV de fin de trimestre des quatre derniers trimestres. La distribution du quatrième trimestre est fixée au plus élevé entre 1,75 % de la moyenne mobile ou la distribution minimale requise par l'IRS. Cette politique, y compris le taux annuel, peut être modifiée à la discrétion du Conseil.
Royce Micro-Cap Trust (NYSE:RMT) hat eine vierteljährliche Ausschüttung von 0,19 $ pro Aktie auf seine Stammaktien angekündigt, die am 26. März 2025 an die Aktionäre ausgezahlt wird, die am 13. März 2025 im Aktienregister stehen.
Die Ausschüttung kann je nach Aktionärspräferenz entweder in zusätzlichen Stammaktien oder in bar erhalten werden. Der Aktienpreis für die Reinvestition wird am 20. März 2025 festgelegt.
Der Fonds verfolgt eine Ausschüttungspolitik von vierteljährlichen Ausschüttungen zu einem Jahreszins von 7% des rollierenden Durchschnitts der letzten vier Quartals-NAVs. Die Ausschüttung für das vierte Quartal wird auf den höheren Wert von 1,75 % des rollierenden Durchschnitts oder der minimalen vom IRS geforderten Ausschüttung festgelegt. Diese Politik, einschließlich des Jahreszinses, kann nach Ermessen des Vorstands geändert werden.
- Consistent quarterly dividend payment maintained
- Flexible distribution options (cash or stock) for shareholders
- 7% annual distribution rate based on rolling NAV average
- None.
Insights
Royce Micro-Cap Trust's quarterly distribution of
The distribution mechanics are worth examining - shareholders can receive cash or reinvest automatically, with reinvestment pricing determined on March 20. This creates a compounding opportunity for long-term investors not requiring immediate income. The ex-dividend date of March 13 serves as an important marker for investors considering position adjustments.
The fund's policy of distributing at
For income-focused investors, this consistent distribution cadence offers planning advantages, though it's important to note that the actual sources of these distributions for tax purposes will depend on the fund's realized gains, income, and potentially return of capital depending on performance.
This distribution announcement highlights RMT's commitment to structured shareholder returns within the micro-cap universe, where many companies reinvest rather than distribute cash. The
The distribution policy's design using a rolling average of the prior four quarter-end NAVs creates a smoothing mechanism that helps maintain distribution stability despite the inherent volatility of micro-cap securities. This structure benefits shareholders by preventing dramatic distribution fluctuations when underlying assets experience periodic volatility.
The reinvestment option warrants attention from growth-oriented investors. By reinvesting distributions at prices determined shortly after the ex-dividend date, shareholders can potentially accumulate additional shares during market pullbacks, enhancing long-term compounding. The mechanics of this process, with pricing determined on March 20, creates a short but notable timing gap between record date and reinvestment pricing.
The board's retained discretion to modify both the distribution policy and the
The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of
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 | Net Investment | Net Realized | Net Realized | Return of |
RMT |
Estimated Allocations for 2025 through February 28, 2025
Fund | Distribution | Net Investment | Net Realized | Net Realized | Return of |
RMT |
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 | Annualized | Cumulative Total | Cumulative Fiscal |
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
View original content:https://www.prnewswire.com/news-releases/royce-micro-cap-trust-inc-nyse-rmt-declares-first-quarter-common-stock-distribution-of-0-19-per-share-302390387.html
SOURCE Royce Micro-Cap Trust, Inc.
FAQ
What is the quarterly dividend amount for Royce Micro-Cap Trust (RMT) in Q1 2025?
When is the ex-dividend date for RMT's Q1 2025 distribution?
What is RMT's current distribution policy?
How can shareholders receive their RMT Q1 2025 distribution?
