#USA #New York #Royce Small-Cap Trust #quarterly distribution #NYSE-RVT

Royce Small-Cap Trust, Inc. Declares Second Quarter Distribution

Royce Small-Cap Trust, Inc., listed on the New York Stock Exchange as NYSE-RVT, has officially announced its quarterly distribution of $0.29 per share for its Common Stock. This distribution stands as a testament to the Fund's commitment to delivering value to its shareholders. The distribution is optional, allowing investors to choose between receiving additional shares of Common Stock or cash, according to their preference.

This distribution will take effect on June 25, 2025, reaching stockholders on record by the end of business on June 12, 2025, which is also the ex-dividend date. Moreover, the price for shares issued for those opting for reinvestment is slated to be determined on June 20, 2025.

The Royce Small-Cap Trust has established a clear Distribution Policy, underlining its intent to pay quarterly distributions based on a percentage of the average net asset values (NAV) from the past four calendar quarters. Specifically, the annual distribution rate is pegged at 7% of these average NAVs. It is noteworthy that for the fourth quarter, the distribution will be at a minimum of 1.75% of the average or the minimum requirement set by IRS regulations.

Breakdown of the Distribution

According to estimates as of May 31, 2025, the allocations for the upcoming distribution are as follows:

• - Distribution per share: $0.29
• - Net Investment Income: $0.0116 (4%)
• - Net Realized Short-Term Gains: $0.00 (0%)
• - Net Realized Long-Term Gains: $0.2784 (96%)
• - Return of Capital: $0.00 (0%)

Additionally, for the year 2025 to date, the estimated allocations are:

• - Distribution per share: $0.59
• - Net Investment Income: $0.0235 (4%)
• - Net Realized Short-Term Gains: $0.00 (0%)
• - Net Realized Long-Term Gains: $0.5665 (96%)
• - Return of Capital: $0.00 (0%)

While these figures provide insight into the Fund's financial dynamics, potential investors should be cautious in making assumptions about the Fund's performance based on the declared distributions. The disclosure of these amounts and sources is estimated and should not be construed as definitive for tax reporting purposes. Shareholders can expect a Form 1099-DIV at the year's end, detailing how to report these distributions for federal income tax.

Fund Performance Overview

In terms of performance, the Fund has reported an average annual total return of 12.02% relating to its NAV for the five-year span ending May 31, 2025. Furthermore, the annualized current distribution rate stands at 7.10%. However, the cumulative total return has reflected a decrease of 1.91% for the fiscal year up to that point, with a cumulative fiscal year distribution rate of 3.61% based on the NAV as of the same date.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is classified as a closed-end diversified management investment company, whose shares are publicly traded. The primary investment strategy focuses on achieving long-term capital growth, emphasizing investments in small-cap firms. At least 80% of its net assets are typically allocated to equity securities of small-cap companies. This stipulation places the Fund's investment interests directly within the market cap confines of the largest entity in the Russell 2000 Index during its latest reconstitution.

This ongoing commitment to transparency regarding distributions and performance is crucial for the Trust's relationship with current and prospective stockholders, enabling informed investment decisions while navigating the complexities of market dynamics.