CORRECTING & REPLACING Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Fourth Quarter Common Stock Distribution of $0.97 Per ...
December 03 2013 - 4:59PM
Business Wire
Please replace the release due to revisions to numbers in second
line of the Fund Performance and Distribution Rate
Information table.
The corrected release reads:
ROYCE MICRO-CAP TRUST, INC. (NYSE-RMT)
DECLARES FOURTH QUARTER COMMON STOCK DISTRIBUTION OF $0.97 PER
SHARE
Royce Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly
distribution of $0.97 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 December 27, 2013 to stockholders of record at the close of
business on December 13, 2013 (ex-dividend on December 11, 2013).
The price of shares issued for reinvestment will be determined on
December 20, 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
December 27, 2013 and for 2013 year-to-date are as follows:
Estimated Allocations as of November 29,
2013
Fund
Distribution
Per Share
Net Investment Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital
RMT $0.9700 $0.0071 (1%) $0.1792 (18%)
$0.7359 (76%) $0.0478 (5%)
Estimated Allocations for 2013 through
November 29, 2013
Fund
Distribution
Per Share
Net Investment Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital
RMT $1.38 $0.0101 (1%) $0.2550 (18%)
$1.0469 (76%) $0.0680 (5%)
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:
Fund
Average Annual Total Return (in relation to NAV for the
5-year period ending on 11/29/2013)1 Annualized Current
Distribution Rate (expressed as a percentage of NAV as of
11/29/2013)2
Cumulative total return (in relation to
NAV for the fiscal year through 11/29/2013)3
Cumulative fiscal year distributions (as a
percentage of NAV as of 11/29/2013)4
RMT
24.48%
26.16%
40.69%
9.31%
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 November 29, 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 November 29, 2013.
3 Cumulative Total Return is the percentage change in
the Fund’s NAV from December 31, 2012 to November 29, 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 December 31, 2013), as a percentage of the
Fund’s NAV as of November 29, 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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