Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares Third Quarter Common Stock Distribution of $0.21 Per Share
Royce Micro-Cap Trust (NYSE: RMT) has announced a quarterly distribution of $0.21 per share, payable on September 23, 2022. Stockholders of record as of September 12, 2022 will be eligible, with an ex-dividend date of September 9, 2022. The distribution policy reflects an annual rate of 7% based on the average of the last four quarters' net asset values (NAV). Notably, a portion of the distribution may be a return of capital, indicating that some of the distributed funds may not reflect investment performance.
- Declared a quarterly distribution of $0.21 per share.
- Annual distribution rate set at 7% of the average NAV.
- Portion of distribution may be a return of capital, which doesn't indicate positive investment performance.
- Cumulative total return is negative at -18.21% for the fiscal year.
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly distribution of
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 estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The Fund's estimated sources of the distribution to be paid on September 23, 2022 and for 2022 year-to-date are as follows:
Estimated Allocations as of August 31, 2022
Fund | Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital |
RMT |
Estimated Allocations for 2022 through August 31, 2022
Fund | Distribution Per Share | Net Investment | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital |
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 Total | Annualized Current | Cumulative Total | Cumulative Fiscal Year |
RMT | 9.60 % | 8.26 % | -18.21 % | 6.59 % |
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 August 31, 2022. 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 August 31, 2022.
3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2021 to August 31, 2022 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, 2022 to August 31, 2022), as a percentage of the Fund's NAV as of August 31, 2022.
About Royce Micro-Cap Trust, Inc.
Royce Micro-Cap Trust, Inc. 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
For further information on The Royce Fundssm, please visit our web site at: www.royceinvest.com.
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SOURCE Royce Micro-Cap Trust
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