Royce Micro-Cap Trust, Inc. (NYSE:RMT) Declares Third Quarter Common Stock Distribution of $0.14 Per Share
September 04 2013 - 12:37PM
Business Wire
Royce Micro-Cap Trust, Inc. (NYSE:RMT) has declared a quarterly
distribution of $0.14 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 September 27, 2013 to stockholders of record at the close of
business on September 16, 2013 (ex-dividend on September 12, 2013).
The price of shares issued for reinvestment will be determined on
September 23, 2013.
The Fund currently has adopted a Distribution 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 net asset values (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 policy, including the annual rate, is subject to
change at the discretion of the Fund’s Board of Directors.
The Fund’s estimated sources of the distribution to be paid on
September 27, 2013 and for 2013 year-to-date are as follows:
Estimated Allocations as of August 31,
2013
Net Realized
Net Realized Distribution Net Investment
Short-Term Long-Term
Return of Capital
Fund Per Share Income
Gains Gains
RMT $0.1400 $0.0007 (1%)
$0.0227 (16%) $0.1166 (83%) $0.0000
(0%)
Estimated Allocations for 2013 through
August 31, 2013
Net Realized
Net Realized Distribution Net Investment
Short-Term Long-Term
Return of Capital
Fund Per Share Income
Gains Gains
RMT $0.4100 $0.0020 (1%)
$0.0665 (16%) $0.3415 (83%) $0.0000
(0%)
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:
Average Annual Total Annualized Current
Cumulative total Cumulative fiscal
Return (in relation Distribution Rate return (in relation year
distributions to NAV for the 5- (expressed as a to NAV for the (as
a percentage of
year period ending percentage of NAV as fiscal year through NAV as
of
Fund
on 08/31/2013)1
of 08/31/2013)2
08/31/2013)3
08/31/2013)4
RMT 7.67% 4.38% 19.90%
3.21%
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 August 31, 2013.
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 August 31, 2013.
3 Cumulative Total Return is the percentage change in
the Fund’s NAV from December 31, 2012 to August 31, 2013, assuming
reinvestment of distributions paid.
4 The Cumulative Fiscal Year Distribution Rate is the
dollar value of distributions for the current fiscal year period
(January 1, 2013 to September 30, 2013), as a percentage of the
Fund’s NAV as of August 31, 2013.
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.roycefunds.com.
Royce Micro-Cap Trust, Inc.John D. Diederich, 800-348-1414
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