NEW
YORK, June 1, 2023 /PRNewswire/ -- Royce
Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly
distribution of $0.17 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
23, 2023 to stockholders of record at the close of business
on June 12, 2023 (ex-dividend on
June 9, 2023). The price of shares
issued for reinvestment will be determined on June 20, 2023.
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
June 23, 2023 and for 2023
year-to-date are as follows:
Estimated Allocations as of May 31,
2023
Fund
|
Distribution
Per Share
|
Net
Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RMT
|
$0.17
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.17
(100 %)
|
Estimated Allocations for 2023 through May 31, 2023
Fund
|
Distribution
Per Share
|
Net
Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RMT
|
$0.35
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.35
(100 %)
|
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
5/31/2023)1
|
Annualized Current
Distribution Rate
(expressed as a
percentage of NAV as
of 5/31/2023)2
|
Cumulative Total
Return (in relation to
NAV for the fiscal year
through 5/31/2023)3
|
Cumulative Fiscal
Year
Distribution Rate (as a
percentage of NAV as
5/31/2023)4
|
RMT
|
5.65 %
|
7.20 %
|
-1.31 %
|
3.71 %
|
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, 2023. 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,
2023.
3 Cumulative Total Return is the percentage change
in the Fund's NAV from December 31,
2022 to May 31, 2023 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, 2023 to May 31, 2023), as a percentage of the Fund's NAV
as of May 31, 2023.
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