article 03-13-2015

The Royce Fund's Board of Trustees Has Approved a Plan of Liquidation for Five Funds

Download a PDF of the press release

The Royce Fund’s Board of Trustees has approved a plan of liquidation for Royce Select Fund II, Enterprise Select, SMid-Cap Value, Partners, and Global Dividend Value Funds, to be effective on April 23, 2015. The Funds are being liquidated primarily because they have not attracted and maintained assets at a sufficient level to be viable. Distributions from Royce Enterprise Select, SMid-Cap Value, and Partners Funds are being paid on March 13, 2015 to shareholders of record on March 12, 2015. Royce Select Fund II and Royce Global Dividend Value Funds will not have distributions.

Following the close of business on February 26, 2015, the Funds were no longer offering their respective shares for purchase and were not accepting any investments.

In advance of the Funds’ scheduled liquidations on April 23, 2015, Royce Enterprise Select, SMid-Cap Value, and Partners Funds have declared their respective final 2015 distributions.

Fund Name Class Ticker
Record Date Ex-Date Payable Date Income S/T Gains L/T Gains Total
Enterprise Select Investment RMISX 780905147 3/12/15 3/13/15 3/13/15 0.0000 0.2026 1.0107 1.2133
SMid-Cap Value Service RMVSX 780905154 3/12/15 3/13/15 3/13/15 0.0066 0.0000 0.0000 0.0066
Partners Service RPTRX 780811840 3/12/15 3/13/15 3/13/15 0.0135 0.0000 3.1056 3.1191

If you have any questions regarding this release, please call Investor Services at 1-800-221-4268 or click here.

About Royce & Associates, LLC
For more than 40 years Royce & Associates, LLC, investment adviser to The Royce Funds, has used a disciplined, value-oriented approach to select micro-cap, small-cap, and mid-cap companies. We have a seasoned staff of investment professionals, most with more than 15 years of experience. Chuck Royce, the firm’s founder and a pioneer of small-cap investing, enjoys one of the longest tenures of any mutual fund manager. Royce & Associates, LLC is a wholly owned affiliate of Legg Mason Inc. (NYSE: LM)



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