How to Purchase Shares

Purchasing Royce Closed-End Funds

As an existing Royce Closed-End Fund stockholder or prospective investor, you can purchase shares of common stock (Royce Focus Trust, Royce Micro-Cap Trust, Royce Value Trust):

1) Through a full-service or discount broker.
2) Online through DirectInvesting.com, without having to maintain a brokerage account.

Purchases of Royce Closed-End Funds made by customers of DirectInvesting.com are effected through its affiliated broker-dealer, Temper of the Times Communications, Inc., which is registered with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers, Inc. Fund shares purchased through DirectInvesting.com are directly registered with the Fund through its transfer agent, Computershare, and can be sold only through Computershare and only at the times allowed by the Fund's Distribution Reinvestment and Cash Purchase Plan,  which may delay execution of your sell order.

Neither DirectInvesting.com nor Temper of the Times Communications, Inc. are affiliated with or recommended by The Royce Funds or Royce & Associates, Inc. (collectively, "Royce"), and Royce assumes no liability or other responsibility for your investing through DirectInvesting.com.