News

Royce Focus Trust, Inc. (Nasdaq - FUND) Second Quarter Common Stock Distribution of $0.12 Per Share

Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a quarterly distribution of $0.12 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, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend on June 4, 2008).  The price of shares issued for reinvestment will be determined on June 13, 2008.  

The Fund has a policy of paying quarterly distributions on its Common Stock.  Distributions are being made at the annual rate of 5% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 1.25% of the rolling average or the minimum distribution required by IRS regulations.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008, including potentially a return of capital, will be made at the end of the year.

Royce Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (Nasdaq - FUND) and whose shares of Preferred Stock are listed and traded on the New York Stock Exchange (RFO.pra).   The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities.  

See the Distributions page for details

Royce Focus Trust, Inc. Declares Second Quarter Dividend on its 6.00% Cumulative Preferred Stock  (NYSE – RFO.pra)

Royce Focus Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share.  The dividend is to be paid on June 23, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend June 4, 2008).

The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RFO.pra", is rated 'aaa' by Moody’s and has an annual dividend rate of $1.50 per share.  

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008 will be made at the end of the year.

Royce Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (Nasdaq - FUND) and whose shares of Preferred Stock are listed and traded on the New York Stock Exchange (RFO.pra).  The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities.

See the Distributions page for details

Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Second Quarter Common Stock Distribution of $0.31 Per Share

Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.31 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, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend on June 4, 2008).  The price of shares issued for reinvestment will be determined on June 13, 2008.  

The Fund has a policy of paying quarterly distributions on its Common Stock.  Distributions are being made at the annual rate of 9% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 2.25% of the rolling average or the minimum distribution required by IRS regulations.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008, including potentially a return of capital, will be made at the end of the year.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock and Preferred Stock (NYSE – RMT.pra) are listed and traded on the New York Stock Exchange.  The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 80% of its assets in equity securities of companies that, at the time of investment, have market capitalizations of $500 million or less.  

See the Distributions page for details

Royce Micro-Cap Trust, Inc. Declares Second Quarter Dividend  on its 6.00% Cumulative Preferred Stock  (NYSE-RMT.pra)

Royce Micro-Cap Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share.  The dividend is to be paid on June 23, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend on June 4, 2008). 

The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RMT.pra", is rated 'aaa' by Moody’s and has an annual dividend rate of $1.50 per share.  

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008 will be made at the end of the year.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock (NYSE-RMT) and Preferred 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 normally investing at least 80% of its assets in equity securities of companies that, at the time of investment, have market capitalizations of $500 million or less.

See the Distributions page for details

Royce Value Trust, Inc. (NYSE - RVT) Declares Second Quarter Common Stock Distribution of $0.45 Per Share

Royce Value Trust, Inc. (NYSE - RVT) has declared a quarterly distribution of $0.45 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, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend on June 4, 2008).  The price of shares issued for reinvestment will be determined on June 13, 2008.

The Fund has a policy of paying quarterly distributions on its Common Stock.  Distributions are being made at the annual rate of 9% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 2.25% of the rolling average or the minimum distribution required by IRS regulations.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008, including potentially a return of capital, will be made at the end of the year.

Royce Value Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock and Preferred Stock (NYSE – RVT.prb) are listed and traded on the New York Stock Exchange.  The Fund’s primary investment goal is long-term capital growth, which it seeks by normally investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.

See the Distributions page for details

Royce Value Trust, Inc. Declares Second Quarter Dividend on its 5.90% Cumulative Preferred Stock (NYSE - RVT.prb)

Royce Value Trust, Inc. has declared a cash dividend of $0.36875 per share on its 5.90% Cumulative Preferred Stock, based on an annual rate of 5.90% of the initial liquidation preference of $25.00 per share.  The dividend is to be paid on June 23, 2008 to stockholders of record at the close of business on June 6, 2008 (ex-dividend on June 4, 2008).

The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RVT.prb", is rated 'aaa' by Moody’s and has an annual dividend rate of $1.475 per share.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes.  Long-term capital gains will be allocated pro-rata to all distributions for the year.  The final determination of the source of all distributions in 2008 will be made at the end of the year.

Royce Value Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock (NYSE - RVT) and Preferred Stock are listed and traded on the New York Stock Exchange. The Fund’s primary investment goal is long-term capital growth, which it seeks by normally investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.

See the Distributions page for details