Medallion Signature Guarantee

A Medallion signature guarantee protects shareholders and The Royce Funds against fraudulent transactions. You may obtain one at most banks and brokerage firms. A notary public cannot provide you with a Medallion signature guarantee.

We require signature guarantees with certain written requests to sell shares (e.g., those for $50,000 or more). Please see the Guide For Direct Shareholders in the prospectus for more details.

A Medallion imprint or stamp indicates that the financial institution is a member of a Medallion signature guarantee program and is an acceptable signature guarantor. By participating in the program, financial institutions can guarantee customer signatures with the assurance that their transactions will be immediately accepted for processing by transfer agents. You can get more information at the SEC Webster.