NEW
YORK, Sept. 1, 2022 /PRNewswire/ -- Royce
Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly
distribution of $0.21 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 September 23, 2022 to stockholders of record at
the close of business on September 12,
2022 (ex-dividend on September
9, 2022). The price of shares issued for reinvestment
will be determined on September 19,
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 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
|
$0.21
|
$0.00
(0 %)
|
$0.0072
(3 %)
|
$0.1469
(70 %)
|
$0.0559
(27 %)
|
Estimated Allocations for 2022 through August 31, 2022
Fund
|
Distribution
Per Share
|
Net Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RMT
|
$0.67
|
$0.00
(0 %)
|
$0.0229
(3 %)
|
$0.4688
(70 %)
|
$0.1783
(27 %)
|
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 8/31/2022)1
|
Annualized Current
Distribution Rate
(expressed as a
percentage of NAV as
of 8/31/2022)2
|
Cumulative Total
Return (in relation to
NAV for the fiscal
year through 8/31/2022)3
|
Cumulative Fiscal
Year
Distribution Rate (as
a percentage of NAV as
8/31/2022)4
|
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 $750 million or less.
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