NEW
YORK, March 1, 2023 /PRNewswire/ -- Royce
Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly
distribution of $0.18 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
24, 2023 to stockholders of record at the close of business
on March 13, 2023 (ex-dividend on
March 10, 2023). The price of
shares issued for reinvestment will be determined on March 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
March 24, 2023 and for 2023
year-to-date are as follows:
Estimated Allocations
as of February 28, 2023
|
Fund
|
Distribution
Per Share
|
Net Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RMT
|
$0.18
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.18
(100 %)
|
Estimated Allocations
for 2023 through February 28, 2023
|
Fund
|
Distribution
Per Share
|
Net Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RMT
|
$0.18
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.00
(0 %)
|
$0.18
(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
2/28/2023)1
|
Annualized Current
Distribution Rate
(expressed as a
percentage of NAV as
of 2/28/2023)2
|
Cumulative Total
Return (in relation to
NAV for the fiscal year
through 2/28/2023)3
|
Cumulative Fiscal
Year
Distribution Rate (as a
percentage of NAV as
2/28/2023)4
|
RMT
|
9.11 %
|
6.94 %
|
6.14 %
|
1.74 %
|
|
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 28, 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 February 28, 2023`.
|
|
3
Cumulative Total Return is the percentage change in the Fund's NAV
from December 31, 2022 to February 28, 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
February 28, 2023), as a percentage of the Fund's NAV as of
February 28, 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