Royce Value Trust, Inc. (NYSE-RVT) declares Second Quarter Common Stock Distribution of $0.30 Per Share

Rhea-AI Summary

Royce Value Trust (NYSE-RVT) has announced a quarterly distribution of $0.30 per share on its Common Stock, payable on June 25, 2021. Stockholders recorded by the close of business on June 11, 2021 will qualify for this dividend. The fund follows a Distribution Policy of paying out distributions quarterly at a rate of 7% based on the rolling average of net asset values (NAVs). For 2021, the fund's distribution allocations include $0.2297 from long-term gains and $0.0703 from short-term gains. The average annual total return for RVT is 17.37%.

Positive

• Quarterly distribution of $0.30 per share announced.
• Distribution rate of 7% based on rolling average NAVs.
• Average annual total return of 17.37% over the past five years.
• Distribution includes a significant portion from long-term gains ($0.2297 or 77%).

Negative

• No net investment income reported ($0.00 or 0%).
• Short-term gains contribute only $0.0703 (23%) to the distribution.

NEW YORK, June 1, 2021 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.30 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 June 25, 2021 to stockholders of record at the close of business on June 11, 2021 (ex-dividend on June 10, 2021).  The price of shares issued for reinvestment will be determined on June 18, 2021.

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 June 25, 2021 and for 2021 year-to-date are as follows:

Estimated Allocations as of May 31, 2021

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.30	$0.00 (0%)	$0.0703 (23%)	$0.2297(77%)	$0.00 (0%)

Estimated Allocations for 2021 through May 31, 2021

Fund	Distribution Per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
RVT	$0.56	$0.00 (0%)	$0.1313 (23%)	$0.4287 (77%)	$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 5/31/2021)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of 5/31/2021)2	Cumulative Total return (in relation to NAV for the fiscal year through 5/31/2021)3	Cumulative Fiscal year Distribution Rate (as a percentage of NAV as of 5/31/2021)4
RVT	17.37%	5.62%	16.93%	2.62%

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 May 31, 2021.  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 May 31, 2021.

³  Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2020 to May 31, 2021, 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, 2021 to May 31, 2021), as a percentage of the Fund's NAV as of May 31, 2021.

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 distribution amount for RVT in June 2021?

Royce Value Trust declared a distribution of $0.30 per share for June 2021.

When will RVT's distribution be paid?

The distribution will be paid on June 25, 2021, to stockholders of record as of June 11, 2021.

What percentage is the distribution rate for RVT?

The distribution rate for RVT is set at 7% based on the rolling average of net asset values.

What is RVT's average annual total return?

RVT's average annual total return over the last five years is 17.37%.

What sources fund RVT's distribution?

RVT's distribution is sourced from long-term gains, short-term gains, and net investment income.