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Royce Small-Cap Trust, Inc. Declares Quarterly Distribution

On September 1, 2026, Royce Small-Cap Trust, Inc. (traded as RVT on the New York Stock Exchange) announced its latest quarterly distribution of $0.33 per share for common stock. This distribution is pivotal for shareholders as it reflects the fund's ongoing commitment to providing value to its investors.

Payment Details and Shareholder Options

The distribution is set to be payable on September 29, 2026. Stockholders who are on record as of September 11, 2026, which is the ex-dividend date, will be eligible to receive this distribution. Notably, shareholders have the option to receive this payout in cash or reinvest it into additional shares of common stock, depending on their preference indicated during the election. The pricing for shares issued for reinvestment will be confirmed on September 18, 2026.

Distribution Policy and Calculations

Royce Small-Cap Trust operates under a distribution policy that ensures quarterly distributions are made based on a set annual rate of 7% of the rolling average of the net asset values (NAV) from the previous four calendar quarters. For the fourth quarter, the distribution will either be 1.75% of this average or the minimum requirement set by IRS regulations, whichever is greater. Such policies are essential for maintaining transparency as they are susceptible to adjustments by the Fund's Board of Directors.

Estimated Source of Distributions

For the upcoming payment on September 29, 2026, the allocations have been estimated as follows:

• - Net Investment Income: $0.0022 (1%)
• - Net Realized Short-Term Gains: $0.0727 (22%)
• - Net Realized Long-Term Gains: $0.2551 (77%)
• - Return of Capital: $0.00 (0%)

Thus far in the fiscal year 2026, the total distribution per share has been estimated at $0.94, consisting of similarly categorized income from net investment and realized gains. This strategic approach not only highlights the fund's financial health but also aligns with investors' expectations.

Performance Insights

The fund's performance metrics reveal a robust Average Annual Total Return of 8.72% over the past five years, as of August 31, 2026. The annualized current distribution rate stands at 6.45% of the NAV, further indicating the healthy state of the fund's investments and the managerial strategies deployed by Royce.

Investors should be aware that while these distributions are significant, they should not assume that the amount of the current distribution or terms of the distribution policy conclusively reflects the overall investment performance of Royce Small-Cap Trust. The actual distribution amounts may vary based on the fund’s investment outcomes and tax regulations.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is recognized as a closed-end diversified management investment company. The primary focus of the fund is to achieve long-term capital growth through investments, predominantly allocating at least 80% of its net assets into equity securities of small-cap companies.

Overall, this quarterly distribution reaffirms Royce Small-Cap Trust's dedication to its shareholders and showcases its performance-driven approach. Investors are encouraged to stay attuned to updates as the company navigates changing market landscapes and continues to pursue optimal growth opportunities.