NEW
YORK, Dec. 1, 2022 /PRNewswire/ -- Royce
Micro-Cap Trust, Inc. (NYSE: RMT) (the "Fund") has declared a
quarterly distribution of $0.28 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 December 23, 2022 to stockholders of record at
the close of business on December 12,
2022 (ex-dividend on December
9, 2022). The price of shares issued for reinvestment
will be determined on December 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's estimated sources of the distribution to be paid on
December 23, 2022 and for 2022
year-to-date are as follows:
Estimated Allocations as of November 30,
2022
|
FUND
|
DISTRIBUTION
PER SHARE
|
NET INVESTMENT
INCOME
|
NET
REALIZED
SHORT-TERM
GAINS
|
NET
REALIZED
LONG-TERM
GAINS
|
RETURN OF
CAPITAL
|
|
RMT
|
$0.28
|
$0.0159
(6 %)
|
$0.0068
(2 %)
|
$0.2573
(92 %)
|
$0.0000
(0 %)
|
Estimated Allocations for 2022 through November 30, 2022
|
FUND
|
DISTRIBUTION
PER
SHARE
|
NET INVESTMENT
INCOME
|
NET
REALIZED
SHORT-TERM
GAINS
|
NET
REALIZED
LONG-TERM
GAINS
|
RETURN OF
CAPITAL
|
|
RMT
|
$0.95
|
$0.0539
(6 %)
|
$0.0230
(2 %)
|
$0.8731
(92 %)
|
$0.0000
(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 11/30/2022)1
|
Annualized
Current
Distribution Rate (expressed
as a percentage of NAV as of
11/30/2022)2
|
Cumulative total
return (in
relation to NAV for the
fiscal year through
11/30/2022)3
|
Cumulative fiscal
year
Distribution Rate (as a
percentage of NAV as
11/30/2022)4
|
|
RMT
|
8.13 %
|
10.78 %
|
-14.39 %
|
9.14 %
|
|
|
|
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 November 30, 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 November 30, 2022.
|
|
3
|
Cumulative Total
Return is the percentage change in the Fund's NAV from December 31,
2021 to November 30, 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 November 30, 2022), as a percentage of the Fund's NAV as
of November 30, 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