NEW
YORK, March 1, 2024 /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 March
22, 2024 to stockholders of record at the close of business
on March 11, 2024 (ex-dividend on
March 8, 2024). The price of shares
issued for reinvestment will be determined on March 18, 2024.
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
March 22, 2024 and for 2024
year-to-date are as follows:
Estimated Allocations as of February 29,
2024
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 %)
|
$0.0710
(42 %)
|
$0.0990
(58 %)
|
$0.00
(0 %)
|
Estimated Allocations for 2024 through February 29, 2024
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 %)
|
$0.0710
(42 %)
|
$0.0990
(58 %)
|
$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
2/29/2024)1
|
Annualized
Current
Distribution Rate
(expressed as a
percentage of
NAV as of 2/29/2024)2
|
Cumulative Total
Return (in relation
to NAV for the
fiscal year through
2/29/2024)3
|
Cumulative Fiscal
Year Distribution
Rate (as a
percentage of
NAV as
2/29/2024)4
|
RMT
|
10.77 %
|
6.43 %
|
0.96 %
|
1.61 %
|
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 February 29, 2024. 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 February
29, 2024.
3 Cumulative Total Return is the percentage change
in the Fund's NAV from December 31,
2023 to February 29, 2024,
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, 2024 to February 29, 2024), as a percentage of the Fund's
NAV as of February 29, 2024.
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.
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SOURCE Royce Micro-Cap Trust, Inc.