NEW YORK, Sept. 1, 2021 /PRNewswire/ -- Royce Value Trust,
Inc. (NYSE-RVT) has declared a quarterly distribution of
$0.33 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 24,
2021 to stockholders of record at the close of business on
September 13, 2021 (ex-dividend on
September 10, 2021). The price
of shares issued for reinvestment will be determined on
September 20, 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
September 24, 2021 and for 2021
year-to-date are as follows:
Estimated Allocations as of August 31,
2021
|
FUND
|
DISTRIBUTION
PER
SHARE
|
NET INVESTMENT
INCOME
|
NET
REALIZED
SHORT-TERM
GAINS
|
NET
REALIZED
LONG-TERM
GAINS
|
RETURN OF
CAPITAL
|
|
RVT
|
$0.33
|
$0.0000
(%)
|
$0.0679
(21%)
|
$0.2621
(79%)
|
$0.0000
(0%)
|
Estimated Allocations for 2021 through August 31, 2021
|
FUND
|
DISTRIBUTION
PER
SHARE
|
NET INVESTMENT
INCOME
|
NET
REALIZED
SHORT-TERM
GAINS
|
NET
REALIZED
LONG-TERM
GAINS
|
RETURN OF
CAPITAL
|
|
RVT
|
$0.89
|
$0.0000
(0%)
|
$0.1831
(21%)
|
$0.7069(79%)
|
$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
8/31/2021)1
|
Annualized
Current
Distribution Rate
(expressed as a
percentage of NAV as
of 8/31/2021)2
|
Cumulative total
return
(in relation to NAV for
the fiscal year through
8/31/2021)3
|
Cumulative fiscal
year
Distribution Rate (as a
percentage of NAV as
of 8/31/2021)4
|
|
RVT
|
15.86%
|
6.31%
|
16.50%
|
4.25%
|
|
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, 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 August 31, 2021.
|
|
3
|
Cumulative Total
Return is the percentage change in the Fund's NAV from December 31,
2020 to August 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 August 31, 2021), as
a percentage of the Fund's NAV as of August 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 Fundssm, please
visit our web site at: www.royceinvest.com.
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SOURCE Royce Value Trust
