Royce Value Trust, Inc. (NYSE-RVT) declares First Quarter Common Stock Distribution of $0.36 Per Share

Rhea-AI Summary

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%.

Positive

• Quarterly distribution of $0.36 per share indicates consistent returns.
• Distribution policy set at an annual rate of 7% from rolling average NAV shows commitment to shareholder value.
• 5-year average annual total return of 11.31% reflects strong historical performance.

Negative

• Distribution includes 85% from net realized long-term gains, which may indicate reliance on gains for returns.
• Cumulative total return for the fiscal year is at -9.51%, signaling recent performance challenges.

NEW YORK, March 1, 2022 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.36 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 24, 2022 to stockholders of record at the close of business on March 11, 2022 (ex-dividend on March 10, 2022).  The price of shares issued for reinvestment will be determined on March 18, 2022.

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 24, 2022 and for 2022 year-to-date are as follows:

Estimated Allocations as of February 28, 2022

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.36	$0.00 (0%)	$0.0557 (15%)	$0.3043 (85%)	$0.00 (0%)

Estimated Allocations for 2022 through February 28, 2022

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.36	$0.00 (0%)	$0.0557 (15%)	$0.3043 (85%)	$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 2/28/2022)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 2/28/2022)2	Cumulative Total return (in relation to NAV for the fiscal year through 2/28/2022)3	Cumulative Fiscal year Distribution Rate (as a percentage of NAV as of 2/28/2022)4
RVT	11.31%	7.84%	-9.51%	1.96%

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, 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 February 28, 2022.

³  Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2021 to February 28, 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 February 28, 2022), as a percentage of the Fund's NAV as of February 28, 2022.

About Royce Value Trust, Inc.

Royce Value 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 primary investment goal is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities primarily of small- and micro-cap companies.

For further information on The Royce Funds^sm, please visit our web site at: www.royceinvest.com.

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SOURCE Royce Value Trust

FAQ

What is the quarterly distribution amount declared by RVT?

Royce Value Trust declared a quarterly distribution of $0.36 per share.

When will the RVT distribution be paid?

The distribution will be paid on March 24, 2022.

What is the record date for RVT's distribution?

The record date for the distribution is March 11, 2022.

What is the annual distribution rate for RVT?

The annual distribution rate for RVT is set at 7% of the average NAV.

What was the 5-year average annual total return for RVT?

The 5-year average annual total return for RVT was 11.31%.