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.
The Royce Funds announced that their Boards of Directors have adopted resolutions to subject the Funds to the Maryland Control Share Acquisition Act (MCSAA), effective immediately. This move protects stockholders by limiting voting rights for holders of 'control shares' unless approved by a two-thirds majority. The MCSAA provides a framework for stockholders to approve or deny voting rights for acquisitions surpassing specific thresholds. Acquisitions prior to January 25, 2021, are excluded from this definition.
Royce Value Trust (NYSE-RVT) has announced a quarterly distribution of $0.25 per share, payable on December 24, 2020, to stockholders of record on December 11, 2020. The distribution rate is based on 7% of the rolling average of prior four quarter-end NAVs. A significant portion of the distribution may be a return of capital, indicating that some of the investment is being returned to stockholders. For 2020, the estimated distribution allocations include $0.2245 from long-term gains, constituting 90% of the total distribution.
Royce Value Trust, the oldest and largest small-cap closed-end fund, reported a NAV of 15.68 and a market price of 13.55 as of August 31, 2020. The fund averages a weekly trading volume of over 1 million shares, managed by an adviser with over 40 years of experience in small- and micro-cap investments. The fund holds approximately $1.58B in net assets, with notable positions in sectors like Information Technology (23.7%) and Industrials (23.1%). Despite a -0.34% year-to-date return in NAV, the one-year return stands at 12.25%.
Royce Value Trust (NYSE-RVT) declared a quarterly distribution of $0.25 per share on its Common Stock, payable on September 25, 2020. This distribution, which can be received in cash or additional shares, targets stockholders of record by September 11, 2020. The Trust maintains a 7% annual distribution policy based on average NAV. However, a portion may be a return of capital, indicating that some funds returned to investors might not represent investment performance. The current distribution includes 78% from realized long-term gains.
Royce Value Trust, Inc. (NYSE: RVT) announced that stockholders approved a new investment advisory agreement with Royce Investment Partners during a Special Meeting on July 29, 2020. This change follows the anticipated acquisition of Legg Mason by Franklin Resources, which requires the termination of the current agreement. The new agreement maintains the existing investment advisory fee rate and does not alter the Fund's portfolio management, investment objective, or strategy. This approval promises continuity in management and strategy.
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