Welcome to our dedicated page for Royce Small-Cap Trust news (Ticker: RVT), a resource for investors and traders seeking the latest updates and insights on Royce Small-Cap Trust stock.
Royce Small-Cap Trust, Inc. (RVT), is a closed-end, diversified management investment company listed on the New York Stock Exchange. The company's primary goal is long-term capital growth, achieved by investing at least 65% of its assets in equity securities, primarily of small- and micro-cap companies, which are often overlooked by larger investors but can offer substantial growth potential.
Managed by Royce & Associates, a specialist in small-cap investments, the fund brings unparalleled expertise and a distinct investment approach to meet varied investor goals. The company’s portfolio is diverse, including common stocks, preferred stocks, corporate bonds, and repurchase agreements. Sectors represented in the portfolio include consumer discretionary, consumer staples, healthcare, financial, IT, telecommunications, and materials.
Royce Small-Cap Trust has recently announced its quarterly distributions, reflecting its commitment to delivering consistent returns to shareholders. For instance, a quarterly distribution of $0.26 per share was declared for September 2023, and most recently, a distribution of $0.28 per share for June 2024. These distributions can be optionally paid in additional shares of common stock or in cash, depending on shareholder election.
The fund's investment policy aims to mitigate risks associated with small-cap stocks by maintaining a broadly diversified portfolio. However, investing in small-cap and micro-cap companies involves considerably more risk than larger-cap stocks, including market volatility and less liquidity. The fund also occasionally invests in foreign securities, which can involve additional risks like political and economic instability.
Financially, Royce Small-Cap Trust keeps a close eye on performance metrics such as geometric and harmonic averages to provide a more accurate measure of the portfolio's market cap. Its price-earnings (P/E) ratio, excluding companies with zero or negative earnings, and price-to-book (P/B) ratio are also crucial indicators for assessing the fund's valuation.
For daily NAVs and other information, investors can visit the company's website or call their customer service. Effective May 1, 2024, the fund's name changed from Royce Value Trust, Inc. to Royce Small-Cap Trust, Inc., requiring it to invest at least 80% of its net assets in small-cap companies under normal circumstances.
Investors are encouraged to consider the fund’s investment goals, risks, fees, and expenses carefully before investing, as detailed in the fund’s prospectus available on their website or by calling their support line.
Royce Value Trust (NYSE-RVT) declared a quarterly distribution of $0.36 per share on Common Stock, payable on March 24, 2022. Shareholders of record by March 11, 2022 can opt for cash or additional shares. The distribution aligns with a policy of 7% of the rolling average of the previous four quarters' net asset values (NAV). The expected allocation for the distribution includes $0.00 from net investment income and $0.3043 from long-term gains. Average annual total return for RVT over five years is 11.31%.
Royce Value Trust, Inc. (NYSE-RVT) declared a quarterly distribution of $0.78 per share on its Common Stock, payable on December 23, 2021, for stockholders of record as of December 13, 2021. This distribution aligns with the Fund's policy of paying quarterly distributions at an annual rate of 7% based on the average of the last four calendar quarter-end net asset values (NAVs). The estimated allocation sources for this distribution include net investment income, short-term, long-term gains, and return of capital, indicating healthy fund performance.
Royce Value Trust, the oldest and largest small-cap closed-end fund, reports an average weekly trading volume of 887,286 shares. As of August 31, 2021, the fund's NAV is $20.93 and the market price is $18.94. The fund aims for long-term capital growth by investing primarily in small- and micro-cap companies, with net assets totaling $2.16 billion. Performance metrics show a one-year NAV return of 42.43% and a market return of 49.15%. Investors are advised to consider the fund's risks and fees before investing due to potential market discounts to NAV.
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