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Royce Micro-Cap Trust, Inc. Declares Fourth Quarter Distribution

Royce Micro-Cap Trust, Inc. (NYSE-RMT) has made an announcement regarding the distribution of its common stock for the fourth quarter of 2025. Shareholders can expect a notable distribution of $0.24 per share, which is scheduled to be paid on December 24, 2025. This distribution is particularly noteworthy as it can be received either in cash or in additional shares of common stock, depending on the preferences indicated by the shareholders prior to the record date of December 11, 2025. It's important to note that this distribution will only occur following the ex-dividend date, which also falls on December 11, 2025.

In alignment with its longstanding practice, the Fund has a Distribution Policy that entails quarterly distributions based on the annual rate of 7%, calculated from the rolling average of the past four calendar quarter-end net asset values (NAVs). Notably, the distribution for the fourth quarter is determined as the larger of 1.75% of this average or the minimum distribution prescribed by IRS regulations. This policy may vary depending on the discretion of the Fund's Board of Directors.

Estimated Sources of Distribution

As of November 30, 2025, the estimated sources from which the upcoming distribution will be drawn include:

• - Net Investment Income: $0.0018 (1%)
• - Net Realized Short-Term Gains: $0.0171 (7%)
• - Net Realized Long-Term Gains: $0.2211 (92%)
• - Return of Capital: $0.00 (0%)

These allocations provide insight into how the distribution will be funded, with a significant portion attributed to long-term gains. To provide a comprehensive view, the expected distributions through the year 2025 amount to $0.79 per share, with similar proportions outlined in net realized gains. For the Fund's investment performance, it is crucial to emphasize that these figures and their allocation should not solely inform shareholder perspectives on the Fund’s performance.

Past Performance and Return Rates

As of November 30, 2025, the average annual total return for the Fund over a five-year period stands at 10.21%, while its annualized current distribution rate, expressed as a percentage of NAV, is 8.09%. Additionally, assessing cumulative performance, the total return based on NAV from the end of 2024 to November 30, 2025, is 14.63%. The fiscal year cumulative distribution rate as of the same date is reported at 6.66%.

About Royce Micro-Cap Trust, Inc.

Royce Micro-Cap Trust, Inc. functions as a closed-end diversified management investment company listed on the New York Stock Exchange. The primary investment goal of the Fund is long-term capital growth, achieved by investing at least 80% of its net assets in the equity securities associated with micro-cap companies, which are defined as companies not exceeding the market capitalization of the largest entity in the Russell Microcap® Index. For anyone interested in exploring more about Royce Micro-Cap Trust and its various offerings, detailed information is available on their official website, royceinvest.com.

The declaration of the fourth quarter distribution reflects the Fund's ongoing commitment to delivering value to its shareholders through consistent and transparent distribution practices. Investors and stakeholders alike are encouraged to stay informed regarding any changes in investment strategies that may influence future performance and returns.